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What are the trade statistics of Armenia?‎

MARKET OF ARMENIA

Armenia's most important trading partners in terms of exports are Russia‎, ‎Switzerland, Bulgaria, Iraq, the Netherlands, China ‎‎(4.50%) and Iran

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What are your import or export?

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What are your import or export?
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  • Petrochemicals
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Which country do you want to trade with?

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Which country do you want to trade with?
  • Armenia
Armenia's most important trading partners in terms of exports are Russia‎, ‎Switzerland, Bulgaria, Iraq, the Netherlands, China ‎‎(4.50%) and Iran

One of Armenia's main obstacles to expanding trade with the rest of the world is its landlocked access to ‎the sea. This has increased Armenia's need for its neighbors, while its two main neighbors, Turkey and the ‎Republic of Azerbaijan do not have good political relations with Iran's northern neighbor. Although the two ‎countries have trade relations with Armenia, this relationship has always been affected by political ‎conflicts.‎

These issues have created a unique business opportunity for other neighbors and countries close to ‎Armenia. Especially for Eurasian Union countries that have special privileges to trade with each other.‎

The combination of these factors has made Russia‎ one of Armenia's most important trading partners. ‎Although Iran has a significant share in trade with this country, it is significantly different from Russia‎.‎

It also exports a significant amount of goods to Iran. In the following, we will get acquainted with the main ‎partners of Armenia in the discussion of export and import.‎

Which countries are Armenia's main export partners?‎
Russia‎ is the main trading partner with 26.93%. This is while the two countries do not have a common ‎border. Although they are geographically very close to each other, but having cultural and historical ‎commonalities alongside the Eurasian Union's trade advantages seems to have helped warm the ‎Armenian-Russia‎n trade.‎

The latest data from the World Trade Organization (WTO) in 2018, which shows the largest volume of ‎Armenian exports to different countries.‎

In addition to Russia‎, Armenia's most important trading partners in terms of exports are Switzerland ‎‎(14.16%), Bulgaria (9.10%), Iraq (6.32%), the Netherlands (5.55%), China (4.50%) and Iran‎‏ ‏‎(3.95%), ‎respectively‏.‏

Some of these countries, including Russia‎ and China, also play a significant role in exports to Armenia, ‎which indicates their trade relations with each other.‎

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