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Armenia Trade Summary

2023

Armenia exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR ARMENIA 2023

Overall Exports and Imports for Armenia 2023

Exports and imports of Armenia in 2023 are below, along with number of countries and products

  • The total value of exports (FoB) was 8,508 million.
  • The total value of imports (CIF) was 12,474 million.
  • At the HS6 digit level, 2,852 products were exported to 105 countries and 3,965 products were imported from 188 countries.

Armenia top 5 Export and Import partners 2023

Top five countries to which Armenia exported in 2023 are below, along with the percent of total exports that went to that country:

  1. Armenia exports to Russian Federation worth US$ 3,505 million, with a partner share of 41.20 percent.
  2. Armenia exports to United Arab Emirates worth US$ 2,224 million, with a partner share of 26.14 percent.
  3. Armenia exports to Hong Kong, China worth US$ 668 million, with a partner share of 7.86 percent.
  4. Armenia exports to China worth US$ 425 million, with a partner share of 5.00 percent.
  5. Armenia exports to Netherlands worth US$ 234 million, with a partner share of 2.75 percent.

Top five countries from which Armenia imported goods in 2023 are below, along with percent of total imports that came from the country :

  1. Armenia imports from Russian Federation worth US$ 4,378 million, with a partner share of 35.10 percent.
  2. Armenia imports from China worth US$ 1,603 million, with a partner share of 12.85 percent.
  3. Armenia imports from Vietnam worth US$ 815 million, with a partner share of 6.54 percent.
  4. Armenia imports from Iran, Islamic Rep. worth US$ 597 million, with a partner share of 4.79 percent.
  5. Armenia imports from United States worth US$ 549 million, with a partner share of 4.40 percent.

Armenia Top 5 Productsexports imports at HS 6 digit level 2023

The top five exported HS 6 digit level products to world by Armenia along with trade value are:

  1. Armenia exported Gold in unwrought forms non-monetary , worth 1,746,753.67 (US$ Thousands).
  2. Armenia exported Transmission apparatus, for radioteleph incorpo , worth 534,865.26 (US$ Thousands).
  3. Armenia exported Art. of jewellery and pts thereof of/o prec mtl , worth 492,714.93 (US$ Thousands).
  4. Armenia exported Copper ores and concentrates , worth 483,130.28 (US$ Thousands).
  5. Armenia exported Diamonds non-industrial nes excluding mounted o , worth 405,253.13 (US$ Thousands).

The top five imported HS 6 digit level products from world by Armenia along with trade value are

  1. Armenia imported Gold in unwrought forms non-monetary , worth 1,790,735.50 (US$ Thousands).
  2. Armenia imported Transmission apparatus, for radioteleph incorpo , worth 709,583.69 (US$ Thousands).
  3. Armenia imported Automobiles with reciprocating piston engine di , worth 608,154.64 (US$ Thousands).
  4. Armenia imported Petroleum oils, etc, (excl. crude); preparation , worth 504,365.94 (US$ Thousands).
  5. Armenia imported Natural gas in gaseous state , worth 470,131.21 (US$ Thousands).

Exports and Imports of Product Groups 2023

Exports and imports of products by stages of processing in 2023 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2023

Tariffs imposed by Armenia in 2023 are below

  • The maximum rate of tariff in percentage on any product was 215.28 percent.
  • The simple average tariff across all products was 5.42 percent.
  • The trade weighted average tariff was 3.86 .
  • The total duty free imports in thousands of US dollars were 4,999,963.03 and duty free tariff line items share was 32.72 percent.

Development Indicators 2023

Key Development Indicators of Armenia in 2023 are below

  • Armenia GDP in current US dollar was 24,086 million.
  • GNI per capita, Atlas method (current US$) was 6,840.00 .
  • Armenia Trade balance: as % of GDP was -0.81.
  • Trade balance in current US$ was -195.00 million.
  • Trade as percentage of GDP was 119.71 .
  • Trade in services as percentage of GDP was 39.94 .

Trade Indicators 2023

Trade Indicators for Armenia in 2023 are below

  • Hirschman Herfindahl market concentration index was 0.37.
  • Index of export market penetration was 2.54.
  • World Growth in percentage was -3.13 and Armenia Country Growth was 33.27 .