Burundi (BDI) and Armenia (ARM) Trade | The Observatory of Economic Complexity

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Burundi-Armenia Trade: In 2021, Burundi exported $507 to Armenia. The main products that Burundi exported to Armenia were N/A. Over the past 14 years the exports of Burundi to Armenia have decreased at an annualized rate of 15.9%, from $5.76k in 2007 to $507 in 2021.

In 2021, Burundi did not export any services to Armenia.

Armenia-Burundi Trade: In 2021, Armenia exported $1.7k to Burundi. The main products that Armenia exported to Burundi were N/A. Over the past 14 years the exports of Armenia to Burundi have decreased at an annualized rate of 22.7%, from $6.16k in 2007 to $1.7k in 2021.

In 2021, Armenia did not export any services to Burundi.

Comparison In 2023, Burundi ranked 186 in total exports ($199M), and does not have data regarding Economic Complexity Index. That same year, Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Burundi exported $507 to Armenia. There were not main exports from Burundi to Armenia in 2021. During the last 14 years the exports of Burundi to Armenia have decreased at an annualized rate of 15.9%, from $5.76k in 2007 to $507 in 2021.

In 2016, Armenia exported $1.7k to Burundi. There were not main exports from Armenia to Burundi in 2016. During the last 5 years the exports of Armenia to Burundi have decreased at an annualized rate of 22.7%, from $6.16k in 2021 to $1.7k in 2016.

Exports from Burundi () to Armenia () (2021)

Exports from Armenia () to Burundi () (2021)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Burundi
Top DestinationUnited Arab Emirates$117M

Armenia
Top DestinationRussia$3.38B

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

In 2023, countries that imported more from Burundi than Armenia included Uganda ($16.4M), Sweden ($5.9M), and Tanzania ($3.06M).

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

Difference in imports from Armenia () and Burundi () (2023)

Comparative Advantage Burundi - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2021, Burundi had a large net trade with Armenia in the exports of .

During 2016, Armenia had a large net trade with Burundi in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Burundi Armenia+$2.04kGold

Top Product Potential Armenia Burundi+$1.44kCars

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Burundi () to Armenia () (2021)

Exports from Armenia () to Burundi () (2021)

Market Competitiveness

Difference in imports from Armenia () and Burundi () (2023)

Comparative Advantage Burundi - Armenia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Burundi () and Armenia () (2021)

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