2022
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GDP
$301BCURRENT US$
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2012-2022
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GDP GROWTH
68.2%CURRENT US$
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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 PC 
$15,892CURRENT US$
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2012-2022
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GDP PC GROWTH
77.9%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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About

Romania-Armenia In 2022, Romania exported $24.7M to Armenia. The main products that Romania exported to Armenia are Soybean Meal ($3.28M), Planes, Helicopters, and/or Spacecraft ($3M), and Refined Petroleum ($1.91M). During the last 27 years the exports of Romania to Armenia have increased at an annualized rate of 9.8%, from $1.97M in 1995 to $24.7M in 2022.

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

Armenia-Romania In 2022, Armenia exported $233k to Romania. The main products that Armenia exported to Romania were Hard Liquor ($105k), Rolled Tobacco ($45.1k), and Building Stone ($16.7k). During the last 27 years the exports of Armenia to Romania have increased at an annualized rate of 22.4%, from $1k in 1995 to $233k in 2022.

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

Comparison In 2022,  Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B). 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, Romania exported $24.7M to Armenia. The main products exported from Romania to Armenia were Soybean Meal ($3.28M), Planes, Helicopters, and/or Spacecraft ($3M), and Refined Petroleum ($1.91M). During the last 27 years the exports of Romania to Armenia have increased at an annualized rate of 9.8%, from $1.97M in 1995 to $24.7M in 2022.

In 2022, Armenia exported $233k to Romania. The main products exported from Armenia to Romania were Hard Liquor ($105k), Rolled Tobacco ($45.1k), and Building Stone ($16.7k). During the last 27 years the exports of Armenia to Romania have increased at an annualized rate of 22.4%, from $1k in 1995 to $233k in 2022.

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

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

Latest Data

Trade between Romania (Flag) and Armenia (Flag)

Romania Exports

Armenia Exports

Market Competitiveness

Color
Romania
Top Destination
Germany$18.8B
Armenia
Top Destination
Russia$2.36B

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

In 2021, countries that imported more from Romania than Armenia were Germany ($18.8B), Italy ($9.55B), and Hungary ($6.75B).

In 2021, countries that imported more from Armenia than Romania were Russia ($2.36B), Iraq ($250M), and Belarus ($74.6M).

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

Comparative Advantage Romania - Armenia

Flow
Scale

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

During 2022, Romania had a large net trade with Armenia in the exports of Chemical Products ($5.63M), Foodstuffs ($5.03M), and Machines ($3.74M).

During 2022, Armenia had a large net trade with Romania in the exports of Foodstuffs ($150k), Machines ($21k), and Stone And Glass ($19.8k).

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

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

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