Vietnam (VNM) and Armenia (ARM) Trade | The Observatory of Economic Complexity

About

Vietnam-Armenia Trade: In 2022, Vietnam exported $175M to Armenia. The main products that Vietnam exported to Armenia were Broadcasting Equipment ($115M), Computers ($9.08M), and Microphones and Headphones ($6.17M). Over the past 5 years the exports of Vietnam to Armenia have increased at an annualized rate of 38.3%, from $34.6M in 2017 to $175M in 2022.

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

Armenia-Vietnam Trade: In 2022, Armenia exported $1.42M to Vietnam. The main products that Armenia exported to Vietnam were Rolled Tobacco ($856k), Chocolate ($514k), and Cheese ($32.1k). Over the past 5 years the exports of Armenia to Vietnam have increased at an annualized rate of 55.3%, from $157k in 2017 to $1.42M in 2022.

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

Comparison: In 2022, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B). 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, Vietnam exported $175M to Armenia. The main products exported from Vietnam to Armenia were Broadcasting Equipment ($115M), Computers ($9.08M), and Microphones and Headphones ($6.17M). During the last 5 years the exports of Vietnam to Armenia have increased at an annualized rate of 38.3%, from $34.6M in 2017 to $175M in 2022.

In 2017, Armenia exported $1.42M to Vietnam. The main products exported from Armenia to Vietnam were Rolled Tobacco ($856k), Chocolate ($514k), and Cheese ($32.1k). During the last 5 years the exports of Armenia to Vietnam have increased at an annualized rate of 55.3%, from $157k in 2022 to $1.42M in 2017.

Exports from Vietnam () to Armenia () (2022)

Exports from Armenia () to Vietnam () (2022)

Latest Data

Trade between Vietnam () and Armenia ()

Armenia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Vietnam
Top DestinationUnited States$117B

Armenia
Top DestinationRussia$2.36B

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

In 2022, countries that imported more from Vietnam than Armenia included United States ($117B), China ($58.7B), and South Korea ($25.2B).

In 2022, countries that imported more from Armenia than Vietnam included Russia ($2.36B), Georgia ($260M), and Iran ($111M).

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

Comparative Advantage Vietnam - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Vietnam had a large net trade with Armenia in the exports of Machines ($152M), Vegetable Products ($5.54M), and Textiles ($4.99M).

During 2017, Armenia had a large net trade with Vietnam in the exports of Foodstuffs ($1.39M), Animal Products ($32.1k), and Miscellaneous ($333).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Vietnam Armenia+$21.1MTelephones

Top Product Potential Armenia Vietnam+$1.17MRolled Tobacco

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 Vietnam and Armenia. This means that a dot/product with the flag of Vietnam indicates it has a comparative advantage over Armenia. Similarly, a dot/product with the flag of Armenia indicates it has a comparative advantage over Vietnam.

About

Historical Data

Bilateral Trade by Products

Exports from Vietnam () to Armenia () (2022)

Exports from Armenia () to Vietnam () (2022)

Latest Data

Trade between Vietnam () and Armenia ()

Armenia Exports

Market Competitiveness

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

Comparative Advantage Vietnam - 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 Vietnam () and Armenia () (2022)

Keep Exploring