Bangladesh (BGD) and Armenia (ARM) Trade | The Observatory of Economic Complexity

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Bangladesh-Armenia Trade: In 2023, Bangladesh exported $28.2M to Armenia. The main products that Bangladesh exported to Armenia were Knit T-shirts ($4.43M), Knit Sweaters ($4.33M), and Non-Knit Women's Suits ($3.78M). Over the past 5 years the exports of Bangladesh to Armenia have increased at an annualized rate of 7.31%, from $19.8M in 2018 to $28.2M in 2023.

In 2023, Bangladesh did not export any services to Armenia.

Armenia-Bangladesh In N/A, Armenia did not export any products to Bangladesh.

In 2023, Armenia did not export any services to Bangladesh.

Comparison: In 2023, Bangladesh ranked 113 in the Economic Complexity Index (ECI -1.03), and 55 in total exports ($54.5B). 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 2023, Bangladesh exported $28.2M to Armenia. The main products exported from Bangladesh to Armenia were Knit T-shirts ($4.43M), Knit Sweaters ($4.33M), and Non-Knit Women's Suits ($3.78M). During the last 5 years the exports of Bangladesh to Armenia have increased at an annualized rate of 7.31%, from $19.8M in 2018 to $28.2M in 2023.

Armenia does not register exports to Bangladesh.

Exports from Bangladesh () to Armenia () (2023)

Exports from Armenia () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Armenia ()

Armenia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$8.58B

Armenia
Top DestinationRussia$3.38B

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

In 2023, countries that imported more from Bangladesh than Armenia included United States ($8.58B), Germany ($8.28B), and United Kingdom ($4.25B).

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

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

Comparative Advantage Bangladesh - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bangladesh had a large net trade with Armenia in the exports of Textiles ($26.7M), Foodstuffs ($723k), and Footwear and Headwear ($358k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bangladesh Armenia+$3.06MKnit Sweaters

Top Product Potential Armenia Bangladesh+$3.85kGold

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

About

Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to Armenia () (2023)

Exports from Armenia () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Armenia ()

Armenia Exports

Market Competitiveness

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

Comparative Advantage Bangladesh - Armenia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bangladesh () and Armenia () (2023)

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