2022
Flag  
GDP
$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
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GDP GROWTH
83.7%CURRENT US$
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2022
Flag
 GDP
$808BCURRENT US$
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2012-2022
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GDP GROWTH
17.7%CURRENT US$
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2022
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GDP PC 
$7,014CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
92.5%CURRENT US$
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2022
Flag
GDP PC
$92,101CURRENT US$
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2012-2022
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GDP PC GROWTH
7.3%CURRENT US$
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About

Armenia-Switzerland In 2022, Armenia exported $257M to Switzerland. The main products that Armenia exported to Switzerland are Copper Ore ($161M), Precious Metal Ore ($82.3M), and Watch Cases and Parts ($2.59M). During the last 27 years the exports of Armenia to Switzerland have increased at an annualized rate of 34.6%, from $84.4k in 1995 to $257M in 2022.

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

Switzerland-Armenia In 2022, Switzerland exported $64.7M to Armenia. The main products that Switzerland exported to Armenia were Packaged Medicaments ($17M), Gas Turbines ($13.6M), and Base Metal Watches ($5.23M). During the last 27 years the exports of Switzerland to Armenia have increased at an annualized rate of 18.5%, from $664k in 1995 to $64.7M in 2022.

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

Comparison In 2022,  Armenia ranked 74 in the Economic Complexity Index (ECI -0.24), and 122 in total exports ($5.78B). That same year, Switzerland ranked 2 in the Economic Complexity Index (ECI 1.85), and 17 in total exports ($402B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Armenia exported $257M to Switzerland. The main products exported from Armenia to Switzerland were Copper Ore ($161M), Precious Metal Ore ($82.3M), and Watch Cases and Parts ($2.59M). During the last 27 years the exports of Armenia to Switzerland have increased at an annualized rate of 34.6%, from $84.4k in 1995 to $257M in 2022.

In 2022, Switzerland exported $64.7M to Armenia. The main products exported from Switzerland to Armenia were Packaged Medicaments ($17M), Gas Turbines ($13.6M), and Base Metal Watches ($5.23M). During the last 27 years the exports of Switzerland to Armenia have increased at an annualized rate of 18.5%, from $664k in 1995 to $64.7M in 2022.

Exports from Armenia (Flag) to Switzerland (Flag) (2022)

Exports from Switzerland (Flag) to Armenia (Flag) (2022)

Latest Data

Trade between Armenia (Flag) and Switzerland (Flag)

Armenia Exports

Switzerland Exports

Market Competitiveness

Color
Armenia
Top Destination
Russia$2.36B
Switzerland
Top Destination
United States$61.7B

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

In 2021, countries that imported more from Armenia than Switzerland were Georgia ($260M), Iraq ($250M), and Turkmenistan ($15.5M).

In 2021, countries that imported more from Switzerland than Armenia were United States ($61.7B), Germany ($53.5B), and China ($44.1B).

Difference in imports from Switzerland (Flag) and Armenia (Flag) (2022)

Comparative Advantage Armenia - Switzerland

Flow
Scale

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

During 2022, Armenia had a large net trade with Switzerland in the exports of Mineral Products ($244M), Metals ($5.41M), and Instruments ($4.27M).

During 2022, Switzerland had a large net trade with Armenia in the exports of Chemical Products ($24.9M), Machines ($17.6M), and Instruments ($12.7M).

Economic Complexity

Competitive Landscape

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 Armenia has comparative advantage over Switzerland. Similarly, the more yellow a dot/product is, the more Switzerland has comparative advantage over Armenia.

Product Space of Armenia (Flag) and Switzerland (Flag) (2022)

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