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Pricing

2023
Flag → Flag
Exports $13.1kRnk 113 / 133
2023
Flag → Flag
Top Product $9.8kFerroalloys
2023
Flag → Flag
Exports $1.76MRnk 78 / 159
2023
Flag → Flag
Top Product $963kSeats
2023
Flag
Economic Complexity (ECI) ECI 0.094Rnk 57 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.7Rnk 37 / 132
2023
Flag  
GDP$24.1BCURRENT US$
Rnk 114 / 195
2013-2023
Flag
GDP GROWTH117%CURRENT US$
Rnk 9 / 195
2023
Flag
 GDP$27.5BCURRENT US$
Rnk 112 / 195
2013-2023
Flag
GDP GROWTH51.4%CURRENT US$
Rnk 71 / 195
2023
Flag
GDP PC $8,053CURRENT US$
Rnk 96 / 195
2013-2023
Flag
GDP PC GROWTH119%CURRENT US$
Rnk 4 / 195
2023
Flag
GDP PC$8,639CURRENT US$
Rnk 91 / 196
2013-2023
Flag
GDP PC GROWTH71.6%CURRENT US$
Rnk 23 / 195

About

Armenia-Bosnia and Herzegovina Trade: In 2023, Armenia exported $13.1k to Bosnia and Herzegovina. The main products that Armenia exported to Bosnia and Herzegovina were Ferroalloys ($9.8k), Non-Knit Women's Suits ($2.34k), and Non-Knit Women's Coats ($623). Over the past 5 years the exports of Armenia to Bosnia and Herzegovina have increased at an annualized rate of 12.1%, from $7.41k in 2018 to $13.1k in 2023.

In 2023, Armenia did not export any services to Bosnia and Herzegovina.

Bosnia and Herzegovina-Armenia Trade: In 2023, Bosnia and Herzegovina exported $1.76M to Armenia. The main products that Bosnia and Herzegovina exported to Armenia were Seats ($963k), Packaged Medicaments ($318k), and Other Domestic Electric Housewares ($107k). Over the past 5 years the exports of Bosnia and Herzegovina to Armenia have increased at an annualized rate of 25.9%,  from $556k in 2018 to $1.76M in 2023.

In 2023, Bosnia and Herzegovina did not export any services to Armenia.

Comparison: In 2023,  Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B). That same year, Bosnia and Herzegovina ranked 37 in the Economic Complexity Index (ECI 0.7), and 105 in total exports ($9.67B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Armenia exported $13.1k to Bosnia and Herzegovina. The main products exported from Armenia to Bosnia and Herzegovina were Ferroalloys ($9.8k), Non-Knit Women's Suits ($2.34k), and Non-Knit Women's Coats ($623). During the last 5 years the exports of Armenia to Bosnia and Herzegovina have increased at an annualized rate of 12.1%, from $7.41k in 2018 to $13.1k in 2023.

In 2018, Bosnia and Herzegovina exported $1.76M to Armenia. The main products exported from Bosnia and Herzegovina to Armenia were Seats ($963k), Packaged Medicaments ($318k), and Other Domestic Electric Housewares ($107k). During the last 5 years the exports of Bosnia and Herzegovina to Armenia have increased at an annualized rate of 25.9%, from $556k in 2023 to $1.76M in 2018.

Exports from Armenia (Flag) to Bosnia and Herzegovina (Flag) (2023)

Exports from Bosnia and Herzegovina (Flag) to Armenia (Flag) (2023)

Latest Data

Trade between Armenia (Flag) and Bosnia and Herzegovina (Flag)

Armenia Exports

Bosnia and Herzegovina Exports

Market Competitiveness

Color
Armenia
Top DestinationRussia$3.38B
Bosnia and Herzegovina
Top DestinationGermany$1.48B

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

In 2023, countries that imported more from Armenia than Bosnia and Herzegovina included Russia ($3.38B), United Arab Emirates ($2.25B), and Hong Kong ($669M).

In 2023, countries that imported more from Bosnia and Herzegovina than Armenia included Croatia ($1.39B), Germany ($1.48B), and Serbia ($1.18B).

Difference in imports from Bosnia and Herzegovina (Flag) and Armenia (Flag) (2023)

Comparative Advantage Armenia - Bosnia and Herzegovina

Flow
Scale

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

During 2023, Armenia had a large net trade with Bosnia and Herzegovina in the exports of Metals ($9.8k), Textiles ($2.97k), and Machines ($311).

During 2018, Bosnia and Herzegovina had a large net trade with Armenia in the exports of Miscellaneous ($993k), Chemical Products ($318k), and Machines ($229k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Armenia Bosnia and Herzegovina+$65.7kNon-Knit Men's Suits
Top Product Potential Bosnia and Herzegovina Armenia+$170kPackaged 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 Bosnia and Herzegovina. This means that a dot/product with the flag of Armenia indicates it has a comparative advantage over Bosnia and Herzegovina. Similarly, a dot/product with the flag of Bosnia and Herzegovina indicates it has a comparative advantage over Armenia.

Product Space of Armenia (Flag) and Bosnia and Herzegovina (Flag) (2023)

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