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2022
Flag → Flag
Exports $197MRnk 9 / 129
2022
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Top Product $195MGold
2022
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Exports $195MRnk 122 / 217
2022
Flag → Flag
Top Product $79.6MDiamonds
2022
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Economic Complexity (ECI) ECI -0.24Rnk 74 / 124
2022
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Economic Complexity (ECI) ECI 0.57Rnk 42 / 124
2022
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GDP$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
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GDP GROWTH83.7%CURRENT US$
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2022
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 GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
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GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
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GDP PC $7,014CURRENT US$
Rnk 91 / 186
2012-2022
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GDP PC GROWTH92.5%CURRENT US$
Rnk 10 / 186
2022
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GDP PC$2,389CURRENT US$
Rnk 140 / 186
2012-2022
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GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186

About

Armenia-India In 2022, Armenia exported $197M to India. The main products that Armenia exported to India are Gold ($195M), Raw Lead ($724k), and Medical Instruments ($619k). During the last 27 years the exports of Armenia to India have increased at an annualized rate of 27.8%, from $264k in 1995 to $197M in 2022.

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

India-Armenia In 2022, India exported $195M to Armenia. The main products that India exported to Armenia were Diamonds ($79.6M), Broadcasting Equipment ($29.8M), and Raw Tobacco ($9.05M). During the last 27 years the exports of India to Armenia have increased at an annualized rate of 35.3%, from $56.1k in 1995 to $195M in 2022.

In 2022, India 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, India ranked 42 in the Economic Complexity Index (ECI 0.57), and 15 in total exports ($468B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Armenia exported $197M to India. The main products exported from Armenia to India were Gold ($195M), Raw Lead ($724k), and Medical Instruments ($619k). During the last 27 years the exports of Armenia to India have increased at an annualized rate of 27.8%, from $264k in 1995 to $197M in 2022.

In 2022, India exported $195M to Armenia. The main products exported from India to Armenia were Diamonds ($79.6M), Broadcasting Equipment ($29.8M), and Raw Tobacco ($9.05M). During the last 27 years the exports of India to Armenia have increased at an annualized rate of 35.3%, from $56.1k in 1995 to $195M in 2022.

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

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

Latest Data

Trade between Armenia (Flag) and India (Flag)

Armenia Exports

India Exports

Market Competitiveness

Color
Armenia
Top DestinationRussia$2.36B
India
Top DestinationUnited States$82.9B

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

In 2021, countries that imported more from Armenia than India were Belarus ($74.6M) and Georgia ($260M).

In 2021, countries that imported more from India than Armenia were United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

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

Comparative Advantage Armenia - India

Flow
Scale

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

During 2022, Armenia had a large net trade with India in the exports of Precious Metals ($195M), Instruments ($808k), and Metals ($766k).

During 2022, India had a large net trade with Armenia in the exports of Precious Metals ($87.4M), Machines ($40.8M), and Foodstuffs ($12.6M).

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

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

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