Singapore (SGP) and Armenia (ARM) Trade | The Observatory of Economic Complexity

About

Singapore-Armenia Trade: In 2022, Singapore exported $4.56M to Armenia. The main products that Singapore exported to Armenia were Industrial Printers ($970k), Orthopedic Appliances ($506k), and Surveying Equipment ($478k). Over the past 5 years the exports of Singapore to Armenia have increased at an annualized rate of 8.92%, from $2.97M in 2017 to $4.56M in 2022.

In 2022, Singapore did not export any services to Armenia.

Armenia-Singapore Trade: In 2022, Armenia exported $3.61M to Singapore. The main products that Armenia exported to Singapore were Copper Ore ($2.15M), Non-Knit Women's Coats ($329k), and Base Metal Watches ($274k). Over the past 5 years the exports of Armenia to Singapore have increased at an annualized rate of 10.1%, from $2.23M in 2017 to $3.61M in 2022.

In 2022, Armenia did not export any services to Singapore.

Comparison: In 2022, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B). That same year, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Singapore exported $4.56M to Armenia. The main products exported from Singapore to Armenia were Industrial Printers ($970k), Orthopedic Appliances ($506k), and Surveying Equipment ($478k). During the last 5 years the exports of Singapore to Armenia have increased at an annualized rate of 8.92%, from $2.97M in 2017 to $4.56M in 2022.

In 2017, Armenia exported $3.61M to Singapore. The main products exported from Armenia to Singapore were Copper Ore ($2.15M), Non-Knit Women's Coats ($329k), and Base Metal Watches ($274k). During the last 5 years the exports of Armenia to Singapore have increased at an annualized rate of 10.1%, from $2.23M in 2022 to $3.61M in 2017.

Exports from Singapore () to Armenia () (2022)

Exports from Armenia () to Singapore () (2022)

Latest Data

Trade between Singapore () and Armenia ()

Singapore Exports

Date

Armenia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Singapore
Top DestinationHong Kong$51.6B

Armenia
Top DestinationRussia$2.36B

This map shows whether countries import more from Singapore or Armenia. Each country is colored based on the difference in imports they receive from Singapore and Armenia or the difference in the growth in imports.

In 2022, countries that imported more from Singapore than Armenia included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

In 2022, countries that imported more from Armenia than Singapore included Russia ($2.36B), Georgia ($260M), and Iraq ($250M).

Difference in imports from Armenia () and Singapore () (2022)

Comparative Advantage Singapore - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Singapore and Armenia by product, considering products traded by both, Singapore and Armenia.

During 2022, Singapore had a large net trade with Armenia in the exports of Machines ($2.19M), Instruments ($1.39M), and Mineral Products ($410k).

During 2017, Armenia had a large net trade with Singapore in the exports of Mineral Products ($2.15M), Textiles ($615k), and Instruments ($418k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Singapore Armenia+$1.56MRefined Petroleum

Top Product Potential Armenia Singapore+$1.85MCopper Ore

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Singapore and Armenia. This means that a dot/product with the flag of Singapore indicates it has a comparative advantage over Armenia. Similarly, a dot/product with the flag of Armenia indicates it has a comparative advantage over Singapore.

About

Historical Data

Bilateral Trade by Products

Exports from Singapore () to Armenia () (2022)

Exports from Armenia () to Singapore () (2022)

Latest Data

Trade between Singapore () and Armenia ()

Singapore Exports

Armenia Exports

Market Competitiveness

Difference in imports from Armenia () and Singapore () (2022)

Comparative Advantage Singapore - Armenia

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Singapore () and Armenia () (2022)

Keep Exploring