Russia (RUS) and Armenia (ARM) Trade | The Observatory of Economic Complexity

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Pricing

Russia (RUS) and Armenia (ARM) Trade

2022

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Exports $2.45BRnk 32 / 138

2022

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About

Russia-Armenia In 2022, Russia exported $2.45B to Armenia. The main products that Russia exported to Armenia are Petroleum Gas ($417M), Refined Petroleum ($374M), and Gold ($209M). During the last 26 years the exports of Russia to Armenia have increased at an annualized rate of 15.3%, from $61M in 1996 to $2.45B in 2022.

In 2020, Russia exported services to Armenia worth $246M, with Travel ($118M), Transportation ($48.1M), and Other business services ($26.6M) being the largest in terms of value.

Armenia-Russia In 2022, Armenia exported $2.36B to Russia. The main products that Armenia exported to Russia were Broadcasting Equipment ($247M), Cars ($237M), and Hard Liquor ($236M). During the last 26 years the exports of Armenia to Russia have increased at an annualized rate of 17.2%, from $38.2M in 1996 to $2.36B in 2022.

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

Comparison In 2022, Russia ranked 45 in the Economic Complexity Index (ECI 0.42), and 12 in total exports ($486B). That same year, Armenia ranked 74 in the Economic Complexity Index (ECI -0.24), and 122 in total exports ($5.78B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $154M and imported $54.3M from Armenia, resulting in a positive trade balance of $99.6M. Between January 2021 and January 2022 the exports of Russia have increased by $48.8M (46.4%) from $105M to $154M, while imports increased by $21.7M (66.4%) from $32.7M to $54.3M.

Trade In January 2022, the top exports of Russia to Armenia were Commodities not elsewhere specified ($51.2M), Refined Petroleum ($5.09M), Buses ($3.83M), Tractors ($2.75M), and Gold ($2.52M). In January 2022 the top imports of Russia from Armenia were Diamonds ($8.92M), Hard Liquor ($5.79M), Tomatoes ($2.19M), Scrap Copper ($1.08M), and Non-fillet Fresh Fish ($1.01M).

Origins In January 2022 the exports of Russia were mainly from MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($92.5M), MOSCOW REGION ($13.8M), VOLGOGRAD REGION ($8.23M), ST. PETERSBURG ($6.65M), and REPUBLIC OF NORTH OSSETIA ? ALANIA ($5.66M), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($31.9M), MOSCOW REGION ($7.67M), KRASNODAR TERRITORY ($3.93M), ST. PETERSBURG ($2.46M), and REPUBLIC OF BASHKORTOSTAN ($1.25M).

Growth In January 2022, the increase in Russia's year-by-year exports to Armenia was explained primarily by an increase in product exports in Buses ($3.76M or 5.32k%), Trailers and semi-trailers, not mechanically propelled... ($1.69M or 30.5k%), and Commodities not elsewhere specified ($1.42M or 2.84%). In January 2022, the increase in Russia's year-by-year imports from Armenia was explained primarily by an increase in product imports in Tomatoes ($877k or 66.6%), Rolled Tobacco ($612k or 167%), and Apples and Pears ($476k or 1.57k%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2021 - January 2022)$48.8M(46.4%)

IMPORT GROWTH (January 2021 - January 2022)$21.7M(66.4%)

MAIN EXPORTER (January 2022)MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION$92.5M

This section shows exports and imports data at subnational level for Russia. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Russia over time.

To check Armenia and Russia trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Russia exported $2.45B to Armenia. The main products exported from Russia to Armenia were Petroleum Gas ($417M), Refined Petroleum ($374M), and Gold ($209M). During the last 26 years the exports of Russia to Armenia have increased at an annualized rate of 15.3%, from $61M in 1996 to $2.45B in 2022.

In 2022, Armenia exported $2.36B to Russia. The main products exported from Armenia to Russia were Broadcasting Equipment ($247M), Cars ($237M), and Hard Liquor ($236M). During the last 26 years the exports of Armenia to Russia have increased at an annualized rate of 17.2%, from $38.2M in 1996 to $2.36B in 2022.

Exports from Russia () to Armenia () (2022)

Exports from Armenia () to Russia () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Russia
Top DestinationChina$101B

Armenia
Top DestinationRussia$2.36B

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

In 2021, countries that imported more from Russia than Armenia were China ($101B), India ($40.4B), and Germany ($27.7B).

In 2021, countries that imported more from Armenia than Russia were Iraq ($250M), Iran ($111M), and Belarus ($74.6M).

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

Comparative Advantage Russia - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Russia had a large net trade with Armenia in the exports of Mineral Products ($796M), Precious Metals ($396M), and Metals ($232M).

During 2022, Armenia had a large net trade with Russia in the exports of Machines ($625M), Foodstuffs ($409M), and Transportation ($294M).

Service Trade

Bilateral Service Trade

Rus Year

In 2020, Russia exported services to Armenia worth $246M, with Travel ($118M), Transportation ($48.1M), and Other business services ($26.6M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia () to Armenia () (2020)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Russia has comparative advantage over Armenia. Similarly, the more yellow a dot/product is, the more Armenia has comparative advantage over Russia.

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

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