2022
Flag  
GDP
$24.5BCURRENT US$
Rnk 110 / 186
2012-2022
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GDP GROWTH
42.4%CURRENT US$
Rnk 81 / 186
2022
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 GDP
$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
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GDP GROWTH
83.7%CURRENT US$
Rnk 25 / 186
2022
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GDP PC 
$7,585CURRENT US$
Rnk 88 / 186
2012-2022
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GDP PC GROWTH
61.8%CURRENT US$
Rnk 25 / 186
2022
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GDP PC
$7,014CURRENT US$
Rnk 91 / 186
2012-2022
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GDP PC GROWTH
92.5%CURRENT US$
Rnk 10 / 186

About

Bosnia and Herzegovina-Armenia In 2022, Bosnia and Herzegovina exported $623k to Armenia. The main products that Bosnia and Herzegovina exported to Armenia are Packaged Medicaments ($182k), Other Domestic Electric Housewares ($167k), and Centrifuges ($117k). During the last 23 years the exports of Bosnia and Herzegovina to Armenia have increased at an annualized rate of 35.3%, from $598 in 1999 to $623k in 2022.

In 2022, Bosnia and Herzegovina did not export any services to Armenia.

Armenia-Bosnia and Herzegovina In 2022, Armenia exported $83.6k to Bosnia and Herzegovina. The main products that Armenia exported to Bosnia and Herzegovina were Non-Knit Men's Suits ($71.5k), Non-Knit Women's Suits ($8.19k), and Non-Knit Women's Coats ($2.14k). During the last 23 years the exports of Armenia to Bosnia and Herzegovina have increased at an annualized rate of 7.38%, from $16.3k in 1999 to $83.6k in 2022.

In 2022, Armenia did not export any services to Bosnia and Herzegovina.

Comparison In 2022,  Bosnia and Herzegovina ranked 36 in the Economic Complexity Index (ECI 0.67), and 102 in total exports ($10.2B). That same year, Armenia ranked 74 in the Economic Complexity Index (ECI -0.24), and 122 in total exports ($5.78B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bosnia and Herzegovina exported $623k to Armenia. The main products exported from Bosnia and Herzegovina to Armenia were Packaged Medicaments ($182k), Other Domestic Electric Housewares ($167k), and Centrifuges ($117k). During the last 23 years the exports of Bosnia and Herzegovina to Armenia have increased at an annualized rate of 35.3%, from $598 in 1999 to $623k in 2022.

In 2022, Armenia exported $83.6k to Bosnia and Herzegovina. The main products exported from Armenia to Bosnia and Herzegovina were Non-Knit Men's Suits ($71.5k), Non-Knit Women's Suits ($8.19k), and Non-Knit Women's Coats ($2.14k). During the last 16 years the exports of Armenia to Bosnia and Herzegovina have increased at an annualized rate of 7.38%, from $16.3k in 2006 to $83.6k in 2022.

Exports from Bosnia and Herzegovina (Flag) to Armenia (Flag) (2022)

Exports from Armenia (Flag) to Bosnia and Herzegovina (Flag) (2022)

Latest Data

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

Bosnia and Herzegovina Exports

Armenia Exports

Date

Market Competitiveness

Color
Bosnia and Herzegovina
Top Destination
Croatia$1.47B
Armenia
Top Destination
Russia$2.36B

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

In 2021, countries that imported more from Bosnia and Herzegovina than Armenia were Croatia ($1.47B), Serbia ($1.35B), and Germany ($1.46B).

In 2021, countries that imported more from Armenia than Bosnia and Herzegovina were Russia ($2.36B), United Arab Emirates ($535M), and China ($420M).

Difference in imports from Armenia (Flag) and Bosnia and Herzegovina (Flag) (2022)

Comparative Advantage Bosnia and Herzegovina - Armenia

Flow
Scale

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

During 2022, Bosnia and Herzegovina had a large net trade with Armenia in the exports of Machines ($288k), Chemical Products ($182k), and Textiles ($102k).

During 2022, Armenia had a large net trade with Bosnia and Herzegovina in the exports of Textiles ($83.3k), Machines ($218), and Metals ($63).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Bosnia and Herzegovina has comparative advantage over Armenia. Similarly, the more yellow a dot/product is, the more Armenia has comparative advantage over Bosnia and Herzegovina.

Product Space of Bosnia and Herzegovina (Flag) and Armenia (Flag) (2022)

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