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2022
Flag → Flag
Exports $3.13MRnk 92 / 182
2022
Flag → Flag
Top Product $1.13MRaw Tobacco
2022
Flag → Flag
Exports $418kRnk 68 / 129
2022
Flag → Flag
Top Product $189kRaw Furskins
2022
Flag
Economic Complexity (ECI) ECI 0.8Rnk 34 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.00081Rnk 66 / 133
2022
Flag  
GDP$71BCURRENT US$
Rnk 80 / 186
2012-2022
Flag
GDP GROWTH24%CURRENT US$
Rnk 113 / 186
2022
Flag
 GDP$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
Flag
GDP GROWTH83.7%CURRENT US$
Rnk 25 / 186
2022
Flag
GDP PC $18,413CURRENT US$
Rnk 56 / 186
2012-2022
Flag
GDP PC GROWTH37.3%CURRENT US$
Rnk 53 / 186
2022
Flag
GDP PC$7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH92.5%CURRENT US$
Rnk 10 / 186

About

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.

Armenia-Croatia Trade: In 2022, Armenia exported $418k to Croatia. The main products that Armenia exported to Croatia were Raw Furskins ($189k), Building Stone ($131k), and Dairy Machinery ($27.9k). 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.

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

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 2017 to $3.13M in 2022.

In 2017, Armenia exported $418k to Croatia. The main products exported from Armenia to Croatia were Raw Furskins ($189k), Building Stone ($131k), and Dairy Machinery ($27.9k). During the last 5 years the exports of Armenia to Croatia have increased at an annualized rate of 38.6%, from $81.6k in 2022 to $418k in 2017.

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

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

Latest Data

Trade between Croatia (Flag) and Armenia (Flag)

Croatia Exports

Armenia Exports

Market Competitiveness

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

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

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

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

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

Comparative Advantage Croatia - Armenia

Flow
Scale

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

During 2022, Croatia had a large net trade with Armenia in the exports of Foodstuffs ($1.21M), Machines ($1.09M), and Chemical Products ($452k).

During 2017, Armenia had a large net trade with Croatia in the exports of Animal Hides ($189k), Stone And Glass ($131k), and Machines ($63.2k).

Potential Exports

Potential Exports

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

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 Croatia and Armenia. This means that a dot/product with the flag of Croatia indicates it has a comparative advantage over Armenia. Similarly, a dot/product with the flag of Armenia indicates it has a comparative advantage over Croatia.

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

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