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2022
Flag → Flag
Exports $418kRnk 68 / 129
2022
Flag → Flag
Exports $3.13MRnk 92 / 182
2022
Flag → Flag
Top Product $1.13MRaw Tobacco
2022
Flag
Economic Complexity (ECI) ECI 0.00081Rnk 66 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.8Rnk 34 / 133
2022
Flag  
GDP$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
Flag
GDP GROWTH83.7%CURRENT US$
Rnk 25 / 186
2022
Flag
 GDP$71BCURRENT US$
Rnk 80 / 186
2012-2022
Flag
GDP GROWTH24%CURRENT US$
Rnk 113 / 186
2022
Flag
GDP PC $7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH92.5%CURRENT US$
Rnk 10 / 186
2022
Flag
GDP PC$18,413CURRENT US$
Rnk 56 / 186
2012-2022
Flag
GDP PC GROWTH37.3%CURRENT US$
Rnk 53 / 186

About

Armenia-Croatia Trade: In 2022, Armenia exported $418k to Croatia. The main products that Armenia exported to Croatia were N/A. Over the past 5 years the exports of Armenia to Croatia have increased at an annualized rate of 38.6%, from $81.6k in 2017 to $418k in 2022.

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

Croatia-Armenia Trade: In 2022, Croatia exported $3.13M to Armenia. The main products that Croatia exported to Armenia were Raw Tobacco ($1.13M), Gas Turbines ($527k), and Packaged Medicaments ($202k). Over the past 5 years the exports of Croatia to Armenia have decreased at an annualized rate of 0.57%,  from $3.22M in 2017 to $3.13M in 2022.

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

Comparison: In 2022,  Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B). That same year, Croatia ranked 34 in the Economic Complexity Index (ECI 0.8), and 73 in total exports ($26B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Armenia exported $418k to Croatia. There were not main exports from Armenia to Croatia in 2022. During the last 5 years the exports of Armenia to Croatia have increased at an annualized rate of 38.6%, from $81.6k in 2017 to $418k in 2022.

In 2017, Croatia exported $3.13M to Armenia. The main products exported from Croatia to Armenia were Raw Tobacco ($1.13M), Gas Turbines ($527k), and Packaged Medicaments ($202k). During the last 5 years the exports of Croatia to Armenia have decreased at an annualized rate of 0.57%, from $3.22M in 2022 to $3.13M in 2017.

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

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

Latest Data

Trade between Armenia (Flag) and Croatia (Flag)

Armenia Exports

Croatia Exports

Market Competitiveness

Color
Armenia
Top DestinationRussia$2.36B
Croatia
Top DestinationItaly$3.44B

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

In 2022, countries that imported more from Armenia than Croatia included Russia ($2.36B), United Arab Emirates ($535M), and China ($420M).

In 2022, countries that imported more from Croatia than Armenia included Italy ($3.44B), Slovenia ($2.87B), and Germany ($2.82B).

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

Comparative Advantage Armenia - Croatia

Flow
Scale

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

During 2022, Armenia had a large net trade with Croatia in the exports of Animal Hides ($189k), Stone And Glass ($131k), and Machines ($63.2k).

During 2017, Croatia had a large net trade with Armenia in the exports of Foodstuffs ($1.21M), Machines ($1.09M), and Chemical Products ($452k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Armenia Croatia+$51.1kCentrifuges
Top Product Potential Croatia Armenia+$348kPackaged Medicaments

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Armenia and Croatia. This means that a dot/product with the flag of Armenia indicates it has a comparative advantage over Croatia. Similarly, a dot/product with the flag of Croatia indicates it has a comparative advantage over Armenia.

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

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