HS Code Export USD$ (26) Ores: $665,129,492 (71) Precious Stones & Metals: $414,706,803 List your company on Macro Market. The most common import partners for Armenia are Russia ($1.27B), China ($482M), Georgia ($267M), Iran ($253M), and Germany ($250M). Geostat provided data that in 2019, the external merchandise trade (excluding non-declared trade) of Georgia amounted to $12 834.7 million, 2.7% higher year-on-year. According to the expert Armenia has its share in the EEU market in terms of financial and investment services. The 2 nd largest trading partner of Armenia is China, followed by Switzerland, Germany and Iran. Armenian–Ukrainian relations have lasted for … globalEDGE - Your source for business knowledge Menu. The countries of the former Soviet Union (FSU) continue to comprise a substantial part of Armenia's trading partners, Russia and Turkmenistan being by far the most important FSU countries of import origin and export destination. Swiss Federal Department of Foreign Affairs about relations with Armenia Ukraine: 25 December 1992: See Armenia–Ukraine relations. Statistical data testify that Armenia-EU commodity turnover in the year 2000 made up 20.1%, and during the years following 2001, annual growth rates during some years reached 50%. The modern Republic of Armenia became independent in 1991 during the dissolution of the Soviet Union. Armenia’s capital city is Yerevan. According to the data of the Statistical Committee, Armenia’s trade turnover with Germany in 2019 was 451.3 million USD, which increased by 4.2% compared to 2018 (432.9 million USD). This includes areas such as: 1. services 2. establishment 3. operation of companies 4. capital movements 5. government procurement 6. state-owned enterprises 7. intellectual … Armenia was included in the European Neighborhood Policy in 2004 and in the Eastern Partnership in 2009.. Iran was named as Armenia's 6th most important trading partner in 2017, but in 2018 Iran was promoted to Yerevan's fifth most important trading partner. Merchandise Trade statistics data for Armenia (ARM) including exports and imports, applied tariffs, top exporting and importing countries, effectively applied and MFN tariff along with most exported and imported product groups, along with development indicators such as GDP, GNI per capita, trade balance and trade as percentage of GDP for Most Recent Year. Armenia exports 93 products with revealed comparative advantage (meaning that its share of global exports is larger than what would be expected from the size of its export economy and from the size of a product’s global market). In 2017, Armenia exported $2.44B and imported $3.96B, resulting in a negative trade balance of $1.52B. The most common birth places of memorable people born within the present day boundries of Armenia include Yerevan, Gyumri, Vanadzor, Armenia, Sanahin, Artashat, Armenia, Ararat (village), Armenia, Voskehat, Armavir, Ayrarat and Kanaker. Topics of interest may include fiscal and monetary policy, government regulation and governance, trade, labor markets, income distribution, education, among many others. Armenia Trade Statistics including exports and imports by partner and products, tariffs and relevant development indicators. The top exports of Armenia are Copper Ore ($846M), Rolled Tobacco ($231M), Hard Liquor ($203M), Gold ($142M) and Aluminium Foil ($119M), using the 1992 revision of the HS (Harmonized System) classification. The total value of preferential imports from Armenia into the EU under the Generalised Scheme of Preferences (GSP) has increased, from € 42 million in 2014 to € 108 million in 2016. Russia is the biggest partner for Armenia trade imports. The product space is a network connecting products that are likely to be co-exported and can be used to predict the evolution of a country’s export structure. In addition, Georgia’s trade with Armenia went from a -$57.5 million deficit in 2018 to a $144.8 million surplus one year later. Armenia Trade Statistics. Foreign Trade in Figures. List your company on, Linking Economic Complexity, Institutions and Income Inequality, The structural constraints of income inequality in Latin America, Creative Commons Attribution-ShareAlike 3.0 Unported License. Partner bank. Global Insights ... View All Export/Import Trade Partners Traded Goods (at the 2-digit HS Code level) Top 10 Export Goods. In January-September, trade with Russia comprised 27% of Armenia’s total turnover. At the moment, Italy is Armenia’s 2nd trade partner in the European Union, Prime Minister of Armenia Nikol Pashinyan announced following the meeting with Italian Prime Minister Giuseppe Conte. Armenia mainly imports oil, natural gas, cereals, rubber manufactures, cork and wood, and electrical machinery. EU as Armenia’s Largest Trade Partner The European Union was and continues to be Armenia’s largest trade partner since 1998. Global Insights ... View All Export/Import Trade Partners Traded Goods (at the 2-digit HS Code level) Top 10 Export Goods. Last modified October 13, 2020, Business Holidays / Country Guides / Vietnam. 2020 : U.S. trade in goods with Armenia . During January–February 2007, Armenia's trade with the European Union totaled $200 million. The Comprehensive and Enhanced Partnership Agreement aims to further improve EU-Armenia trade by enhancing the regulatory environment for businesses. The most memorable people born within the present day boundries of Armenia include George Gurdjieff, Tigranes the Great, Leo V the Armenian, Gregory the Illuminator, Anastas Mikoyan, Artem Mikoyan, Karekin II, Tiridates III of Armenia, Najm ad-Din Ayyub and Armen Sarkissian. Today, Armenia is a member […] In 2017 Armenia exported $2.44B, making it the 125th largest exporter in the world. by pecheneg Plays Quiz not verified by Sporcle . Armenia - Market Overview Armenia - Market Overview Discusses key economic indicators and trade statistics, which countries are dominant in the market, the U.S. market share, the political situation if relevant, the top reasons why U.S. companies should consider exporting to this country, and other issues that affect trade, e.g., terrorism, currency devaluations, trade agreements. Armenia Exports By Country This page displays a table with Armenia Exports By Country in U.S. dollars, according to the United Nations COMTRADE database on international trade. In 2017, Armenia exported $2.44B and imported $3.96B, resulting in a negative trade balance of $1.52B. Armenia Trade Statistics. Swiss Federal Department of Foreign Affairs about relations with Armenia Ukraine: 25 December 1992: See Armenia–Ukraine relations. Major import items include petroleum, oil products, natural gas, tobacco and diamond. Exports in Armenia averaged 120.19 USD Million from 2003 until 2020, reaching an all time high of 257.60 USD Million in September of 2020 and a record low of 34.21 USD Million in January of 2009. The top export destinations of Armenia are Russia ($569M), Bulgaria ($281M), Switzerland ($236M), Georgia ($210M) and China ($131M). Among Turkey’s trading partners that cause the greatest negative trade balances, Turkish deficits with Germany (down -39.6%), Brazil (down -28.4%) and the United States (down -27.2%) reduced at the fastest pace from 2018 to 2019. The EBRD knows and cooperates with local and foreign commercial banks; The EBRD can find a trade finance partner for your local bank in any country; The exporter’s bank may not be familiar with Armenian banks, but they will accept EBRD guarantees Armenia imports from Iran, Islamic Rep. worth US$ 269 million, with a partner share of 5.55 percent. Armenia's GSP+ u… As per 2008 figures, Russia enjoys 19.3% share of the total imports to Armenia, followed by China (8.7%) and Ukraine (7%). Explore Visualizations undo CMS.Section.Reset visualizations Data Sources. As of 2017 Armenia had a negative trade balance of $1.52B in net imports. There are all the necessary preconditions for giving new breath to Armenian-Italian economic relations. The EU imports from Armenia mainly manufactured goods, raw materials, beverages and tobacco. In 2019 the export from Armenia to Germany comprised 69.6 million USD, which decreased by 48.9% compared to 2018 (136.1 million USD). In 2017, Armenia major trading partner countries for exports were Russian Federation, Bulgaria, Switzerland, Georgia and Germany and for imports they were Russian Federation, China, Turkey, Iran, Islamic Rep. and Germany . Geography Quiz / Trading partners of Armenia Random Geography or Europe Quiz Can you name the top ten import and export partners of Armenia? Bisnis Trade Report Trade Balance US- Armenia World Bank Armenia Report During the last five years the imports of Armenia have decreased at an annualized rate of -1.2%, from $3.82B in 2012 to $3.96B in 2017. The … As compared to their trade balance in 1995 when they still had a negative trade balance of $99M in net imports. Armenia key trade partner for Switzerland – ambassador 13:27 • 29.11.17 The Swiss ambassador to Armenia on Wednesday hailed his country’s developing trade relations with Armenia, emphasizing the necessity of further steps to increase the mutual turnover. The country follows an open and liberal policy in regard to foreign trade. Investments by both private sector and international organizations have improved the situation in the agro-processing industry. In 2018, Armenia major trading partner countries for exports were Russian Federation, Switzerland, Bulgaria, Iraq and Germany and for imports they were Russian Federation, China, Iran, Islamic Rep., Turkey and Germany . The Armenian Economist blog is dedicated to the dissemination of the views of economists and professionals on current developments in the economy of Armenia. The Comprehensive and Enhanced Partnership Agreement aims to further improve EU-Armenia trade by enhancing the regulatory environment for businesses. Armenia's representative to the World Trade Organization is also located in Geneva. Dollars Data Sources: National Statistic Committee: Yearbook 2017, Social Economic Situation in Armenia 2017 December-January, and the Ministry of Agriculture. In 2017 the GDP of Armenia was $11.5B and its GDP per capita was $9.6k. Armenia was one of the first countries to privatize land after the collapse of the Soviet Union. Trading Partner Portal: Armenia Trade Overview Armenia is a democratic nation-state – bordered by Turkey to the west, Georgia to the north, and Iran to the south – that has an ancient cultural heritage. Its top imports are Petroleum Gas ($325M), Refined Petroleum ($216M), Packaged Medicaments ($149M), Diamonds ($121M) and Broadcasting Equipment ($96.9M). NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. Armenia Trade: Imports. Trading Partner Portal: Armenia Trade Overview Armenia is a democratic nation-state – bordered by Turkey to the west, Georgia to the north, and Iran to the south – that has an ancient cultural heritage. Statistical data testify that Armenia-EU commodity turnover in the year 2000 made up 20.1%, and during the years following 2001, annual growth rates during some years reached 50%. The first table below shows top trading partners of Armenia in terms of export sales (selling), including Russia, Germany, and Netherlands. EU as Armenia’s Largest Trade Partner The European Union was and continues to be Armenia’s largest trade partner since 1998. Armenia imports from Turkey worth US$ 251 million, with a partner share of 5.17 percent. Armenian–Ukrainian relations have lasted for centuries and today are cordial. Imports in Armenia averaged 296.08 USD Million from 2003 until 2020, reaching an all time high of 675 USD Million in December of 2019 and a record low of 78.72 USD Million in January of 2004. Armenia's representative to the World Trade Organization is also located in Geneva. Armenia mainly imports petroleum gases and oils, diamonds, medicaments and radio-telephony transmission tools. The top import origins are Russia ($1.14B), China ($455M), Turkey ($219M), Germany ($176M) and Iran ($162M). The top export destinations of Armenia are Russia ($569M), Bulgaria ($281M), Switzerland ($236M), Georgia ($210M) and China ($131M). Armenia Exports By Category This page displays a table with Armenia Exports By Category in U.S. dollars, according to the United Nations COMTRADE database on international trade. Foreign relations of Armenia and List of countries by leading trade partners are connected through Congo, São Tomé and Príncipe, Kiribati and more.. In 2017 Armenia imported $3.96B, making it the 133rd largest importer in the world. Main export commodities include copper ores, cigars, alcohol, and gold. Russia continues topping the list of Armenia’s main trading partners in 2019, Russia’s commercial representative to Armenia Andrei Babko told a news conference. Agriculture is one of the most important sectors of the Armenian economy. Value Armenia - Trade Agreements Armenia - Trade Agreements Describes bilateral and multilateral trade agreements that this country is party to, including with the United States. Importer Exporter. Imports in Armenia increased to 409 USD Million in October from 404.20 USD Million in September of 2020. Looking for commercial partners in Armenia? The top import origins of Armenia are Russia ($1.14B), China ($455M), Turkey ($219M), Germany ($176M) and Iran ($162M). The most recent exports are led by Copper Ore which represent 34.7% of the total exports of Armenia, followed by Rolled Tobacco, which account for 9.5%. Overview: This page contains the latest international trade data for Azerbaijan, including service trade data, and tariffs.In 2018 Azerbaijan was the number 89 economy in the world in terms of GDP (current US$), the number 73 in total exports, the number 91 in total imports, and the number 91 most complex economy according to the Economic Complexity Index (ECI). During the first 11 months of 2006, the European Union remained Armenia's largest trading partner, accounting for 34.4 percent of its $2.85 billion commercial exchange during … Armenia has been a member of the World Trade Organisation since 1999. Trade in Armenia represented 91% of GDP in 2018 (World Bank). Table: Agriculture produce; unit: Thousand U.S. Armenia is the 125th largest export economy in the world. The most recent imports are led by Petroleum Gas which represent 8.21% of the total imports of Armenia, followed by Refined Petroleum, which account for 5.46%. Armenia borders Azerbaijan, Georgia, Iran and Turkey. Explore on Visualizations page See also Georgia’s Top Trading Partners, Turkey’s Top Trading Partners and Top Asian Countries Research Sources: Today, Armenia is a member […] Armenia is the 125th largest export economy in the world. 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