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

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Armenia-Bangladesh Trade: In 2021, Armenia exported $620 to Bangladesh. The main products that Armenia exported to Bangladesh were N/A. Over the past 11 years the exports of Armenia to Bangladesh have increased at an annualized rate of 62.4%, from $3 in 2010 to $620 in 2021.

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

Bangladesh-Armenia Trade: In 2021, Bangladesh exported $19.2M to Armenia. The main products that Bangladesh exported to Armenia were Knit Sweaters ($3.52M), Knit T-shirts ($2.97M), and Non-Knit Men's Suits ($2.57M). Over the past 11 years the exports of Bangladesh to Armenia have increased at an annualized rate of 6.83%, from $13.8M in 2010 to $19.2M in 2021.

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

Comparison: In 2022, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B). That same year, Bangladesh ranked 101 in the Economic Complexity Index (ECI -0.82), and 52 in total exports ($64.2B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Armenia exported $620 to Bangladesh. There were not main exports from Armenia to Bangladesh in 2021. During the last 11 years the exports of Armenia to Bangladesh have increased at an annualized rate of 62.4%, from $3 in 2010 to $620 in 2021.

In 2017, Bangladesh exported $19.2M to Armenia. The main products exported from Bangladesh to Armenia were Knit Sweaters ($3.52M), Knit T-shirts ($2.97M), and Non-Knit Men's Suits ($2.57M). During the last 5 years the exports of Bangladesh to Armenia have increased at an annualized rate of 6.83%, from $13.8M in 2022 to $19.2M in 2017.

Exports from Armenia () to Bangladesh () (2022)

Exports from Bangladesh () to Armenia () (2022)

Latest Data

Trade between Armenia () and Bangladesh ()

Armenia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Armenia
Top DestinationRussia$2.36B

Bangladesh
Top DestinationUnited States$11.7B

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

In 2022, countries that imported more from Armenia than Bangladesh included Russia ($2.36B), Georgia ($260M), and Iraq ($250M).

In 2022, countries that imported more from Bangladesh than Armenia included United States ($11.7B), Germany ($10.2B), and United Kingdom ($4.86B).

Difference in imports from Bangladesh () and Armenia () (2022)

Comparative Advantage Armenia - Bangladesh

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

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

During 2017, Bangladesh had a large net trade with Armenia in the exports of Textiles ($18.8M), Foodstuffs ($129k), and Animal Products ($95.9k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Armenia Bangladesh+$3.85kGold

Top Product Potential Bangladesh Armenia+$3.06MKnit Sweaters

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

About

Historical Data

Bilateral Trade by Products

Exports from Armenia () to Bangladesh () (2022)

Exports from Bangladesh () to Armenia () (2022)

Latest Data

Trade between Armenia () and Bangladesh ()

Armenia Exports

Market Competitiveness

Difference in imports from Bangladesh () and Armenia () (2022)

Comparative Advantage Armenia - Bangladesh

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Armenia () and Bangladesh () (2022)

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