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Trade between Armenia and Hong Kong

In 2024, Armenia exported $1.8 billion to Hong Kong and imported $37 million. Armenia ran a surplus of $1.7 billion with Hong Kong, compared with a deficit of $24 million in 2019. Hong Kong was Armenia’s 4th largest trading partner (6% of its trade), and Armenia was Hong Kong’s 30th (0.2%).

Summary

Armenia → Hong Kong
$1.8billion
Hong Kong → Armenia
$37million
Armenia’s balance
$1.7billion

Balance

Armenia’s trade balance with Hong Kong

Trade between Armenia and Hong Kong grew 33,436.8-fold since 1995

USD billions (current). Armenia’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 1.8
  • Imports 0
  • Balance +1.7

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$0$54 thousand-$54 thousand
1996$0$975 thousand-$975 thousand
1997$0$4 million-$4 million
1998$65 thousand$3 million-$3 million
1999$78 thousand$14 million-$14 million
2000$46 thousand$13 million-$13 million
2001$2 million$4 million-$2 million
2002$4 million$3 million$2 million
2003$2 million$4 million-$2 million
2004$4 million$2 million$2 million
2005$1 million$2 million-$567 thousand
2006$2 million$2 million-$101 thousand
2007$1 million$3 million-$2 million
2008$1 million$11 million-$10 million
2009$254 thousand$4 million-$4 million
2010$545 thousand$5 million-$4 million
2011$4 million$7 million-$2 million
2012$2 million$7 million-$5 million
2013$1 million$10 million-$9 million
2014$1 million$7 million-$6 million
2015$9 million$5 million$4 million
2016$104 million$10 million$94 million
2017$1 million$17 million-$16 million
2018$6 million$18 million-$12 million
2019$4 million$28 million-$24 million
2020$5 million$27 million-$22 million
2021$10 million$20 million-$10 million
2022$26 million$90 million-$64 million
2023$669 million$148 million$521 million
2024$1.8 billion$37 million$1.7 billion

What they sell each other

What Armenia sells to Hong Kong

The top 10 headings in 2024, with their share of the total.

  1. Gold$1.1 billion · 64.2%
    16 tonnes · Armenia’s destinations
  2. Platinum$441 million · 24.7%
    15 tonnes · Hong Kong’s sources
  3. Jewelry$51 million · 2.9%
    1 tonne · Hong Kong’s sources
  4. Silver$49 million · 2.8%
    59 tonnes · Hong Kong’s sources
  5. Diamonds$36 million · 2%
    Hong Kong’s sources
  6. Cigarettes and cigars$26 million · 1.5%
    2 thousand tonnes
  7. Molybdenum ore$15 million · 0.84%
    887 tonnes
  8. Gemstones$3 million · 0.15%
    13 tonnes
  9. Unwrought aluminum$2 million · 0.13%
    1 thousand tonnes

What Hong Kong sells to Armenia

The top 10 headings in 2024, with their share of the total.

  1. Computers$17 million · 44.6%
    54 tonnes · Hong Kong’s destinations
  2. Diamonds$13 million · 33.6%
    Hong Kong’s destinations
  3. Jewelry$1 million · 2.9%
    1 tonne · Hong Kong’s destinations
  4. 24 tonnes
  5. Other wristwatches$626 thousand · 1.7%
    2 tonnes
  6. Men's suits and trousers$547 thousand · 1.5%
    12 tonnes
  7. 6 tonnes
  8. Textile footwear$442 thousand · 1.2%
    9 tonnes
  9. Women's coats and jackets$428 thousand · 1.1%
    6 tonnes
  10. Leather footwear$378 thousand · 1%
    6 tonnes

How it travels

Armenia and Hong Kong traded $1.8 billion in 2024 (both directions together). They trade mostly by air: 97% of the value travels by plane.

Split by transport mode

  1. Sea$50 million · 2.7%
  2. Air$1.8 billion · 97.3%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Hong Kong was Armenia’s 4th largest trading partner (6% of its trade), and Armenia was Hong Kong’s 30th (0.2%).

Hong Kong in Armenia’s trade
5.9%
Hong Kong’s rank among Armenia’s partners
4th
Armenia in Hong Kong’s trade
0.2%
Armenia’s rank among Hong Kong’s partners
30th

Compare with

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.