United States (USA) and Armenia (ARM) Trade | The Observatory of Economic Complexity

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Pricing

United States (USA) and Armenia (ARM) Trade

2022

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Exports $294MRnk 121 / 219

2022

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About

United States-Armenia In 2022, United States exported $294M to Armenia. The main products that United States exported to Armenia are Cars ($129M), Motor vehicles; parts and accessories (8701 to 8705) ($17.1M), and Computers ($15.8M). During the last 27 years the exports of United States to Armenia have increased at an annualized rate of 7.26%, from $44.3M in 1995 to $294M in 2022.

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

Armenia-United States In 2022, Armenia exported $84.2M to United States. The main products that Armenia exported to United States were Jewellery ($28.7M), Semiconductor Devices ($12.8M), and Hard Liquor ($6.97M). During the last 27 years the exports of Armenia to United States have increased at an annualized rate of 5.97%, from $17.6M in 1995 to $84.2M in 2022.

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

Comparison In 2022, United States ranked 10 in the Economic Complexity Index (ECI 1.41), and 2 in total exports ($1.95T). That same year, Armenia ranked 74 in the Economic Complexity Index (ECI -0.24), and 122 in total exports ($5.78B).

COMPANIES In 2023, leading companies such as were at the forefront of exporting goods from Armenia to the United States. Conversely, were notable for importing Armenia products to the United States.

Latest Trends

January, 2024

About

Overview In January 2024, United States exported $9.01M and imported $12M from Armenia, resulting in a negative trade balance of $3.02M. Between January 2023 and January 2024 the exports of United States have decreased by $-9.05M (-50.1%) from $18.1M to $9.01M, while imports increased by $8.02M (200%) from $4.02M to $12M.

Trade In January 2024, the top exports of United States to Armenia were Cars ($8.06M), Motor vehicles; parts and accessories (8701... ($4.28M), Delivery Trucks ($1.02M), Integrated Circuits ($443k), and Computers ($416k). In January 2024 the top imports of United States from Armenia were Semiconductor Devices ($701k), Water ($387k), Jams ($322k), Non-Knit Men's Coats ($315k), and Wine ($207k).

Origins In January 2024 the exports of United States were mainly from California ($1.22M), North Carolina ($1.18M), Pennsylvania ($984k), Florida ($966k), and New York ($657k), while imports destinations were mainly New York ($10M), California ($1.1M), New Jersey ($213k), Florida ($171k), and Georgia ($124k).

Growth In January 2024, the decrease in United States's year-by-year exports to Armenia was explained primarily by an decrease in product exports in Poultry Meat ($-252k or -85.8%), X-Ray Equipment ($-11.1k or -54.1%), and Other Electrical Machinery ($-4.87k or -31.2%). In January 2024, the increase in United States's year-by-year imports from Armenia was explained primarily by an increase in product imports in Semiconductor Devices ($534k or 321%), Jams ($238k or 282%), and Non-Knit Men's Coats ($232k or 278%).

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)$-9.05M(-50.1%)

IMPORT GROWTH (January 2023 - January 2024)$8.02M(200%)

MAIN EXPORTER (January 2024)California$1.22M

This section shows exports and imports data at subnational level for United States. 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 States over time.

To check Armenia and United States 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 States exported $294M to Armenia. The main products exported from United States to Armenia were Cars ($129M), Motor vehicles; parts and accessories (8701 to 8705) ($17.1M), and Computers ($15.8M). During the last 27 years the exports of United States to Armenia have increased at an annualized rate of 7.26%, from $44.3M in 1995 to $294M in 2022.

In 2022, Armenia exported $84.2M to United States. The main products exported from Armenia to United States were Jewellery ($28.7M), Semiconductor Devices ($12.8M), and Hard Liquor ($6.97M). During the last 27 years the exports of Armenia to United States have increased at an annualized rate of 5.97%, from $17.6M in 1995 to $84.2M in 2022.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United States
Top DestinationCanada$308B

Armenia
Top DestinationRussia$2.36B

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

In 2021, countries that imported more from United States than Armenia were Canada ($308B), Mexico ($294B), and China ($151B).

In 2021, countries that imported more from Armenia than United States were Russia ($2.36B), Iran ($111M), and Belarus ($74.6M).

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

Comparative Advantage United States - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, United States had a large net trade with Armenia in the exports of Transportation ($156M), Machines ($46.8M), and Chemical Products ($31.9M).

During 2022, Armenia had a large net trade with United States in the exports of Precious Metals ($35.8M), Foodstuffs ($21.4M), and Machines ($13.2M).

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

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

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