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Which countries are Armenia's main partners in importing goods?


Types of fossil fuels and oilsElectrical and electronic equipmentVehiclesPlastics and polymer productsFurniture, prefabricated buildings and neon lightsBoilers, industrial boilers and related equipmentMineral and precious stones and precious metalsPharmaceutical productsTobacco, and cigarettesIron and steelIn addition to the above products, various other products are imported by this country that traders and exporters can focus on their exports

Russia is Armenia's primary trading partner and a major source of imports

Russia is Armenia's primary trading partner and a major source of imports. As members of the Eurasian Economic Union (EAEU), Armenia benefits from preferential trade agreements with Russia. Armenia imports a significant amount of natural gas, Petroleum products, machinery, vehicles, and various consumer goods from Russia. China has become an increasingly important trading partner for Armenia in recent years. Armenia imports a wide range of products from China, including machinery, electronics, textiles, consumer goods, and raw materials. Chinese imports often cater to the needs of Armenia's manufacturing, construction, and retail sectors.

Germany is one of Armenia's significant partners in importing goods, particularly machinery and equipment. German machinery is highly regarded for its quality and advanced technology. Armenia imports machinery, vehicles, industrial equipment, and electrical appliances from Germany to support its industrial and infrastructure development. As a neighboring country, Iran plays a crucial role in Armenia's import market. Armenia imports energy resources, including natural gas and petroleum products, from Iran to meet its energy needs. Additionally, Armenia imports various goods, such as Food products, construction materials, and consumer goods, from Iran.

About 5.55% of Armenian goods are imported from Iran.‎ Russia and China are still Armenia's main partners in the import trade. The chart below is based on the World Trade Organization (WTO) statistics for 2018, which show Armenia's main partners in the import of goods. One of the most important imported items of Armenia since the beginning has been fuel and various types of energy. Because this country does not have much oil and energy resources. Most fuel and Oil products are imported to Armenia from Russia. In addition to oil and other fuels, other products such as electrical machinery and equipment, medicine, tobacco, plastics are at the top of Armenia's import needs. The following is a list of Armenia's most important imports in 2018, which is in line with the latest World Trade Organization statistics.

  • Types of Fossil fuels and oils
  • Electrical and electronic equipment
  • Vehicles
  • Plastics and polymer products
  • Furniture, prefabricated buildings and neon lights
  • Boilers, industrial boilers and related equipment
  • Mineral and precious Stones and precious metals
  • Pharmaceutical products
  • Tobacco, and cigarettes
  • Iron and steel

In addition to the above products, various other products are imported by this country that traders and exporters can focus on their exports. These products include medical equipment, clothing and textiles, aluminum, paper and some other products. Relations between the European Union and the Republic of Armenia are based on the Comprehensive and Enhanced Partnership Agreement (CEPA), a modern, ambitious Agreement, which was signed on 24 November 2017 and entered into full force on 1 March 2021. This Agreement provides a framework for Armenia and the EU to work together to advance mutual interests in the areas of strengthening democracy, the rule of law and human rights, creating more jobs and business opportunities, fairer rules, more safety and security, a cleaner environment, and better education and opportunities for research.

The EU is a key reform partner in Armenia. The EU has stepped up its support and almost doubled its annual allocation in grants to €65 million annually in 2019 and 2020. Its current substantial portfolio focuses on supporting the government’s reform agenda, private sector development, human capital, and development of focal regions. In addition, since 2014, more than €1 billion in the form of blended loans and grants has been invested in the energy, agriculture and transport sectors.

Despite the political tensions between Armenia and Turkey, they still engage in some trade relations. Turkey is a significant source of imports for Armenia, particularly in terms of construction materials, textiles, food products, and consumer goods. However, the trade volume between the two countries is relatively lower compared to other partners. The United States is another important trading partner for Armenia in terms of imports. Armenia imports machinery, equipment, technology, pharmaceuticals, and consumer goods from the United States. The bilateral trade relationship between Armenia and the United States has been growing, with a focus on technology and innovation.

Armenia has trade relations with various EU member states. The EU is a significant source of imports for Armenia, providing a wide range of products such as machinery, vehicles, chemicals, and consumer goods. Germany, Italy, France, and the Netherlands are among the EU countries from which Armenia imports goods. Armenia also imports goods from other countries, including Ukraine, Belarus, South Korea, Japan, and India. These imports encompass a variety of products depending on the specific needs and trade agreements with these countries.

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