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2022
Flag → Flag
Exports $22.2MRnk 112 / 218
2022
Flag → Flag
Top Product $5.11MCrustaceans
2022
Flag → Flag
Exports $636kRnk 62 / 129
2022
Flag → Flag
Top Product $237kAluminium Foil
2022
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Economic Complexity (ECI) ECI 1.01Rnk 27 / 133
2022
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Economic Complexity (ECI) ECI 0.00081Rnk 66 / 133
2022
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GDP$395BCURRENT US$
Rnk 39 / 186
2012-2022
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GDP GROWTH20.9%CURRENT US$
Rnk 120 / 186
2022
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 GDP$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
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GDP GROWTH83.7%CURRENT US$
Rnk 25 / 186
2022
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GDP PC $66,983CURRENT US$
Rnk 10 / 186
2012-2022
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GDP PC GROWTH14.5%CURRENT US$
Rnk 99 / 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

About

Denmark-Armenia In 2022, Denmark exported $22.2M to Armenia. The main products that Denmark exported to Armenia are Crustaceans ($5.11M), Broadcasting Equipment ($2.67M), and Industrial Food Preperation Machinery ($2.63M). During the last 27 years the exports of Denmark to Armenia have increased at an annualized rate of 0.93%, from $17.3M in 1995 to $22.2M in 2022.

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

Armenia-Denmark In 2022, Armenia exported $636k to Denmark. The main products that Armenia exported to Denmark were Aluminium Foil ($237k), Siliceous Fossil Meals ($106k), and Air Pumps ($25.8k). During the last 27 years the exports of Armenia to Denmark have increased at an annualized rate of 27.7%, from $868 in 1995 to $636k in 2022.

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

Comparison In 2022,  Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B). 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
Value

In 2022, Denmark exported $22.2M to Armenia. The main products exported from Denmark to Armenia were Crustaceans ($5.11M), Broadcasting Equipment ($2.67M), and Industrial Food Preperation Machinery ($2.63M). During the last 27 years the exports of Denmark to Armenia have increased at an annualized rate of 0.93%, from $17.3M in 1995 to $22.2M in 2022.

In 2022, Armenia exported $636k to Denmark. The main products exported from Armenia to Denmark were Aluminium Foil ($237k), Siliceous Fossil Meals ($106k), and Air Pumps ($25.8k). During the last 25 years the exports of Armenia to Denmark have increased at an annualized rate of 27.7%, from $868 in 1997 to $636k in 2022.

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

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

Latest Data

Trade between Denmark (Flag) and Armenia (Flag)

Denmark Exports

Armenia Exports

Market Competitiveness

Color
Denmark
Top DestinationGermany$18.9B
Armenia
Top DestinationRussia$2.36B

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

In 2021, countries that imported more from Denmark than Armenia were Germany ($18.9B), United States ($13.1B), and Sweden ($11.6B).

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

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

Comparative Advantage Denmark - Armenia

Flow
Scale

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

During 2022, Denmark had a large net trade with Armenia in the exports of Machines ($9.44M), Animal Products ($6.08M), and Instruments ($2.98M).

During 2022, Armenia had a large net trade with Denmark in the exports of Metals ($253k), Machines ($123k), and Mineral Products ($107k).

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

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

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