2022
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GDP
$19.5BCURRENT US$
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2012-2022
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GDP GROWTH
83.7%CURRENT US$
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2022
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 GDP
$1.4TCURRENT US$
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2012-2022
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GDP GROWTH
5.49%CURRENT US$
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2022
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GDP PC 
$7,014CURRENT US$
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2012-2022
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GDP PC GROWTH
92.5%CURRENT US$
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2022
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GDP PC
$29,350CURRENT US$
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2012-2022
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GDP PC GROWTH
3.63%CURRENT US$
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About

Armenia-Spain In 2022, Armenia exported $66M to Spain. The main products that Armenia exported to Spain are Copper Ore ($58.1M), Aluminium Foil ($4.53M), and Ferroalloys ($2.04M). During the last 27 years the exports of Armenia to Spain have increased at an annualized rate of 13.2%, from $2.35M in 1995 to $66M in 2022.

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

Spain-Armenia In 2022, Spain exported $95.6M to Armenia. The main products that Spain exported to Armenia were Vaccines, blood, antisera, toxins and cultures ($16.7M), Unglazed Ceramics ($7.81M), and Other Processed Vegetables ($7.25M). During the last 27 years the exports of Spain to Armenia have increased at an annualized rate of 20.8%, from $586k in 1995 to $95.6M in 2022.

In 2022, Spain 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, Spain ranked 33 in the Economic Complexity Index (ECI 0.8), and 20 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Armenia exported $66M to Spain. The main products exported from Armenia to Spain were Copper Ore ($58.1M), Aluminium Foil ($4.53M), and Ferroalloys ($2.04M). During the last 27 years the exports of Armenia to Spain have increased at an annualized rate of 13.2%, from $2.35M in 1995 to $66M in 2022.

In 2022, Spain exported $95.6M to Armenia. The main products exported from Spain to Armenia were Vaccines, blood, antisera, toxins and cultures ($16.7M), Unglazed Ceramics ($7.81M), and Other Processed Vegetables ($7.25M). During the last 27 years the exports of Spain to Armenia have increased at an annualized rate of 20.8%, from $586k in 1995 to $95.6M in 2022.

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

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

Latest Data

Trade between Armenia (Flag) and Spain (Flag)

Armenia Exports

Spain Exports

Market Competitiveness

Color
Armenia
Top Destination
Russia$2.36B
Spain
Top Destination
France$65.2B

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

In 2021, countries that imported more from Armenia than Spain were Russia ($2.36B), Georgia ($260M), and Iraq ($250M).

In 2021, countries that imported more from Spain than Armenia were France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

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

Comparative Advantage Armenia - Spain

Flow
Scale

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

During 2022, Armenia had a large net trade with Spain in the exports of Mineral Products ($58.1M), Metals ($6.9M), and Textiles ($508k).

During 2022, Spain had a large net trade with Armenia in the exports of Chemical Products ($23.5M), Textiles ($13.5M), and Machines ($13.1M).

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

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

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