Armenia-Iran Bilateral Trade Analysis 2023
Complete trade statistics: $691.70M total volume •Armenia deficit: $502.77M
Armenia → Iran
$94.47M
Exports (2023)
Iran → Armenia
$597.23M
Imports (2023)
Trade Balance
$502.77M
Deficit for Armenia
Total Trade
$691.70M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Armenia and Iran. Green line shows exports from Armenia, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Armenia-Iran commercial relationship and competitive positioning in global markets.
Armenia → Iran Exports
Export Market Intelligence
🎯 Strategic Export Focus
Armenia's export portfolio to Iran demonstrates strategic specialization, with electrical energy representing a key competitive advantage in this bilateral market.
Iran → Armenia Imports
Import Dependency Profile
📦 Import Strategy Analysis
Armenia's import pattern from Iran reveals significant dependencyin iron or non-alloy steel: bars and rods, hot-rolled, hot-drawn or hot-extruded, containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Armenia demonstrates competitive strength in exportingelectrical energy to Iran, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $691.70M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Armenia-Iran Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $691.70 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Armenia maintains a deficit of $502.77 million
- Export Focus: Armenia's primary exports include electrical energy, copper ores and concentrates, meat: of sheep, lamb carcasses and half-carcasses, fresh or chilled
- Import Dependencies: Key imports from Iran include iron or non-alloy steel: bars and rods, hot-rolled, hot-drawn or hot-extruded, containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling, petroleum gases and other gaseous hydrocarbons: in gaseous state, natural gas, petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $691.70M represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Armenia leveraging its comparative advantages in electrical energy.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Armenia's specialization in electrical energycomplements Iran's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in iron or non-alloy steel: bars and rods, hot-rolled, hot-drawn or hot-extruded, containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $691.70M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $691.70M bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $691.70 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in electrical energy and iron or non-alloy steel: bars and rods, hot-rolled, hot-drawn or hot-extruded, containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Armenia's trade deficit of $502.77 million impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Armenia and Iran represents a total trade volume of $691.70 million in 2023. This partnership demonstrates an unfavorable trade balance for Armenia, with imports exceeding exportsby $502.77 million.
Export Strengths
Armenia's exports to Iran total $94.47 million, with competitive advantages in electrical energy, representing $58.64M or62.1% of bilateral exports.
Import Dependencies
Imports from Iran amount to $597.23 million, highlighting economic interdependence in iron or non-alloy steel: bars and rods, hot-rolled, hot-drawn or hot-extruded, containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling, with Iron or non-alloy steel: bars and rods, hot-rolled, hot-drawn or hot-extruded, containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling comprising11.9% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Armenia's strategic sourcing from Iran. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Armenia and Iran in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023