Iran-Armenia Bilateral Trade Analysis 2023
Complete trade statistics: $691.70M total volume •Iran surplus: $502.77M
Iran → Armenia
$597.23M
Exports (2023)
Armenia → Iran
$94.47M
Imports (2023)
Trade Balance
$502.77M
Surplus for Iran
Total Trade
$691.70M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Iran and Armenia. Green line shows exports from Iran, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Iran-Armenia commercial relationship and competitive positioning in global markets.
Iran → Armenia Exports
Export Market Intelligence
🎯 Strategic Export Focus
Iran's export portfolio to Armenia demonstrates strategic specialization, 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 representing a key competitive advantage in this bilateral market.
Armenia → Iran Imports
Import Dependency Profile
📦 Import Strategy Analysis
Iran's import pattern from Armenia reveals significant dependencyin electrical energy, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Iran demonstrates competitive strength in exportingiron 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 to Armenia, 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: Iran-Armenia Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $691.70 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Iran maintains a surplus of $502.77 million
- Export Focus: Iran's primary exports 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
- Import Dependencies: Key imports from Armenia include electrical energy, copper ores and concentrates, meat: of sheep, lamb carcasses and half-carcasses, fresh or chilled
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 Iran leveraging its comparative advantages 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.
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
Iran's specialization 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 rollingcomplements Armenia's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in electrical energy.
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 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 and electrical energy demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Iran's trade surplus of $502.77 million strengthens 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 Iran and Armenia represents a total trade volume of $691.70 million in 2023. This partnership demonstrates a favorable trade balance for Iran, with exports exceeding importsby $502.77 million.
Export Strengths
Iran's exports to Armenia total $597.23 million, with competitive advantages 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, representing $71.12M or11.9% of bilateral exports.
Import Dependencies
Imports from Armenia amount to $94.47 million, highlighting economic interdependence in electrical energy, with Electrical energy comprising62.1% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Iran's competitive position in this bilateral relationship. 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 Iran and Armenia in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023