United Kingdom (GBR) and Armenia (ARM) Trade | The Observatory of Economic Complexity

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Pricing

United Kingdom (GBR) and Armenia (ARM) Trade

2022

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Exports $69.7MRnk 115 / 224

2022

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Top Product $18.6MLarge Construction Vehicles

2022

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Exports $21MRnk 23 / 129

2022

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About

United Kingdom-Armenia In 2022, United Kingdom exported $69.7M to Armenia. The main products that United Kingdom exported to Armenia are Large Construction Vehicles ($18.6M), Cars ($13.5M), and Non-fillet Fresh Fish ($1.94M). During the last 27 years the exports of United Kingdom to Armenia have increased at an annualized rate of 15.8%, from $1.33M in 1995 to $69.7M in 2022.

In 2022, United Kingdom did not export any services to Armenia.

Armenia-United Kingdom In 2022, Armenia exported $21M to United Kingdom. The main products that Armenia exported to United Kingdom were Aluminium Foil ($7.36M), Non-Knit Men's Coats ($5.33M), and Rolled Tobacco ($2.2M). During the last 27 years the exports of Armenia to United Kingdom have increased at an annualized rate of 17.6%, from $266k in 1995 to $21M in 2022.

In 2022, Armenia did not export any services to United Kingdom.

Comparison In 2022, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.38), and 14 in total exports ($469B). That same year, Armenia ranked 74 in the Economic Complexity Index (ECI -0.24), and 122 in total exports ($5.78B).

Latest Trends

January, 2024

About

Overview In January 2024, United Kingdom exported £2.36M and imported £151k from Armenia, resulting in a positive trade balance of £2.21M. Between January 2023 and January 2024 the exports of United Kingdom have decreased by £-864k (-26.8%) from £3.23M to £2.36M, while imports decreased by £-461k (-75.4%) from £612k to £151k.

Trade In January 2024, the top exports of United Kingdom to Armenia were Cars (£632k), Large Construction Vehicles (£452k), Telephones (£363k), Motor vehicles; parts and accessories (8701... (£254k), and Computers (£139k). In January 2024 the top imports of United Kingdom from Armenia were Aluminium Foil (£291k), Electric Motors (£65.1k), Motor vehicles; parts and accessories (8701... (£54.4k), Paper Containers (£50.8k), and Brochures (£37.2k).

Origins In January 2024 the exports of United Kingdom were mainly from Dover Eurotunnel (£1.39M), East Midlands Airport (£295k), London Stansted Airport (£206k), London Heathrow Airport (£202k), and Felixstowe (£164k), while imports destinations were mainly London Heathrow Airport (£40.8k), Felixstowe (£32.9k), and East Midlands Airport (£30.7k).

Growth In January 2024, the decrease in United Kingdom's year-by-year exports to Armenia was explained primarily by an decrease in product exports in Commodities not elsewhere specified (£-132k or -90.6%), Refined Petroleum (£-65.3k or -62.6%), and Textile Footwear (£-15.4k or -93.6%). In January 2024, the decrease in United Kingdom's year-by-year imports from Armenia was explained primarily by an decrease in product imports in Aluminium Foil (£-435k or -59.9%), Telephones (£-10.8k or -72.3%), and Wine (£-1.71k or -34.4%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)£-864k(-26.8%)

IMPORT GROWTH (January 2023 - January 2024)£-461k(-75.4%)

MAIN EXPORTER (January 2024)Dover Eurotunnel£1.39M

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

To check Armenia and United Kingdom 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, United Kingdom exported $69.7M to Armenia. The main products exported from United Kingdom to Armenia were Large Construction Vehicles ($18.6M), Cars ($13.5M), and Non-fillet Fresh Fish ($1.94M). During the last 27 years the exports of United Kingdom to Armenia have increased at an annualized rate of 15.8%, from $1.33M in 1995 to $69.7M in 2022.

In 2022, Armenia exported $21M to United Kingdom. The main products exported from Armenia to United Kingdom were Aluminium Foil ($7.36M), Non-Knit Men's Coats ($5.33M), and Rolled Tobacco ($2.2M). During the last 27 years the exports of Armenia to United Kingdom have increased at an annualized rate of 17.6%, from $266k in 1995 to $21M in 2022.

Exports from United Kingdom () to Armenia () (2022)

Exports from Armenia () to United Kingdom () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United Kingdom
Top DestinationUnited States$61.8B

Armenia
Top DestinationRussia$2.36B

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

In 2021, countries that imported more from United Kingdom than Armenia were United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

In 2021, countries that imported more from Armenia than United Kingdom were Russia ($2.36B), Georgia ($260M), and Belarus ($74.6M).

Difference in imports from Armenia () and United Kingdom () (2022)

Comparative Advantage United Kingdom - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, United Kingdom had a large net trade with Armenia in the exports of Machines ($31M), Transportation ($15.1M), and Chemical Products ($5.66M).

During 2022, Armenia had a large net trade with United Kingdom in the exports of Metals ($8.02M), Textiles ($7.45M), and Foodstuffs ($3.68M).

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

Product Space of United Kingdom () and Armenia () (2022)

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