Armenia import Statistics

Armenia Import Data

Armenia is a landlocked nation in Transcaucasia that fronts Asia's northwest and is located immediately south of the massive Caucasus Mountain range. Georgia and Azerbaijan border Armenia to the north and east, while Iran and Turkey border it to the southeast and west. Azerbaijan's exclave of Naxçıvan has a southwest boundary with Armenia. Yerevan (Erevan) serves as the capital. Armenia imports more goods than it exports, resulting in a negative trade balance. According to Armenia trade statistics, Armenia is ranked as the 101st biggest importer in the world. Armenia's economy is ranked 66th in the world in terms of economic complexity. Armenia heavily relies on its imports for its economic growth.

According to Armenia’s import data, Armenia imported goods worth $12.3 billion in 2023, an increase of 39% from the previous year. Armenia’s total GDP is $24.21 billion, with a GDP import share of 58.86%. Based on the Armenia shipment data, precious stones, metals, and pearls are Armenia’s biggest imports, while Russia is its biggest import partner. Armenia is also a part of major trading blocs such as the WTO, EAEU, and CIS. Armenia's trade activities have gained momentum in recent years. Let us gain insights into the Armenia customs data and explore the key import trends, top imports, and major import partners with Armenia import data for 2023.

 Armenia Import Shipment Data | Armenia Customs Data

101

The country has been ranked 101st in global imports, showing a significant position in the international trade and import landscape. 

0.1%

With a mere 0.1% share in global import trade, it becomes evident that its presence in the international import market is fairly on the rise.

RUSSIA

Russia holds a significant role as the largest import partner of the country in terms of goods imports.

PRECIOUS STONES & METALS

Precious stones and metals are the major and biggest import commodities of the country, playing a vital role in its economy with its import share.

Please select a country or provide either a description or HS Code.
import

Top 10 Imports of Armenia | Armenia Import Data by HS Code

The advancement of Armenia's economy is largely dependent on its import activities. Precious stones, electrical machinery, and vehicles are some of the top imports of Armenia. The top ten imports of Armenia are essential to its economic health. Armenia's top 10 imports in 2023, based on Armenia trade and Armenia customs data are:  

  • Precious stones and metals, pearls (HS code 71): 19.14% ($2.30 billion)
  • Vehicles (HS code 87): 12.52% ($1.50 billion)
  • Electrical machinery and equipment (HS code 85): 11.77% ($1.41 billion)
  • Mineral fuels and oils (HS code 27): 8.79% ($1.05 billion)
  • Nuclear reactors and machinery (HS code 84): 8.64% ($1.03 billion)
  • Optical, medical, or surgical instruments (HS code 90): 2.07% ($248.41 million)
  • Plastics and articles thereof (HS code 39): 2.04% ($245.30 million)
  • Pharmaceutical products (HS code 30): 1.85% ($222.84 million)
  • Iron and steel (HS code 72): 1.8% ($216.91 million)
  • Articles of apparel, not knitted or crocheted (HS code 62): 1.65% ($198.62 million)
  • Partners

    Top 10 Import Partners of Armenia | Armenia Import Data by Country

    The top ten import partners of Armenia are essential to the growth and development of the national economy. These commercial connections, which span from nearby nations to major international economies, provide Armenia with a wide variety of goods. According to Armenia import data and Armenia trade data, the top 10 import partners of Armenia in 2023 are:

    Value In Percentage(%)

  • Russia: 32.3% (3.88 billion US$)
  • China: 13.5% (1.62 billion US$)
  • Vietnam: 6.8% (815.19 million US$)
  • Iran: 5% (597.23 million US$)
  • USA: 4.6% (549.96 million US$)
  • Germany: 4% (482.41 million US$)
  • Italy: 2.9% (349.84 million US$)
  • India: 2.9% (349.17 million US$)
  • Turkey: 2.8% (335.76 million US$)
  • Japan: 2.8% (332.31 million US$)
  • Sample Data

    Understanding Armenia Customs Data for Imports

    We obtain trustworthy data from organizations, shipping businesses, and customs ports. This Trade Data contains a wide range of fields, such as HS codes, product descriptions, prices, quantities, origin country, destination country, and port names together with currency values. For traders and marketers, this trade data is crucial information that helps them to make informed decisions. From the HS codes and product descriptions to the quantity and cost of each product, everything can be obtained through this trade data. We have included a sample of this trade data for your convenience and greater understanding so that you can see what the trade data looks like as a whole, with complete details.

    Armenia import data is a comprehensive compilation of information about the products that are brought into Armenia. Businesses, analysts, and decision-makers can learn a great deal about the volume, value, origins, and classifications of imports by using the Armenia trade data. According to Armenia customs data, Armenia imported $12.3 billion worth of goods in 2023. We give you access to extremely helpful and useful details about Armenia trade records, including Armenia shipment data and trade statistics. Invoices, shipping bills, and other significant records of transactions that have been updated subsequently provide all of the data in our database. Agencies, shipping manifests, and Armenia's customs ports provide us with accurate information. HS codes, product descriptions, prices and quantities, port names, and currency values are just a few of the numerous fields that make up Armenia's import data. Armenia's economic plans and goals are significantly shaped by its import data. It provides insightful information about import patterns, sector performance, and how imported commodities affect Armenia's local market. So, as you can see, we obtain trustworthy data from organizations, shipping businesses, and customs ports. The trade data contains a wide range of fields, such as HS codes, product descriptions, prices, quantities, origin country, importers/exporters names and addresses, destination country, and port names together with currency values. For traders and marketers, this trade data is crucial information that helps them make informed decisions. From the HS codes and product descriptions to the quantity and cost of each product, everything can be obtained through this trade data. We have included a sample of the trade data for your convenience and greater understanding so that you can see what the trade data or customs data looks like as a whole, with complete details. 

    Armenia Import Data
    ID 109866 DATE 2024-10-14
    DECLARATION NUMBER 05100033/141024/0024959 PROCEDURE CODE IM4000000
    Customs Point Code 5100033 Tax ID Number 466209
    Armenian Importer Name: "A. Melkonyan" LLC IMPORTER Agrota-2L KFT
    HS CODE 01022110000 PRODUCT DESCRIPTION FEMALES OF THE SWISS BREED OF LARGE HORNIC CATTLE UP TO THE FIRST PARTURING
    QUANTITY 31 UNIT ՀԱՏ
    GROSS WEIGHT 17000 NET WEIGHT 17000
    Invoice Amount 74400 US CIF 29226552
    Currency Of Invoice EUR VAT
    Custom Duty Tax Total
    ORIGIN COUNTRY HUNGARY EXPORT COUNTRY HUNGARY
    DESTINATION COUNTRY ARMENIA INCOTERM CPT
    UNLOADING PORT Yerevan
    Benefits

    Benefits of Armenia Import Data

  • Expand your business into the Armenia Import Market.
  • View Armenia's most recent product demand.
  • Get access to the latest import trends in Armenia.
  • Give your marketing plan an approach based on import data.
  • Create a powerful brand identity in Armenia.
  • Create more ROI and futuristic company goals.
  • Frequently Asked Questions!!

    Armenia's import data provides insights into the country's trade dynamics, including the types of goods imported and the countries from which they are sourced. This information is critical for understanding Armenia's economic health, trade partnerships, and reliance on foreign goods for development.

    According to Armenia trade statistics for 2023-24, Armenia imported goods worth approximately $12.3 billion, which reflects a substantial increase of 39% compared to the previous year.

    • The top imports of Armenia in 2023 according to Armenia trade records include:
    • Precious stones and metals (HS code 71): $2.30 billion
    • Vehicles (HS code 87): $1.50 billion
    • Electrical machinery and equipment (HS code 85): $1.41 billion
    • Mineral fuels and oils (HS code 27): $1.05 billion
    • Nuclear reactors and machinery (HS code 84): $1.03 billion 

    Armenia has a negative trade balance of -$3.65 billion in 2023, meaning it imports more goods than it exports. In 2023, imports accounted for about 58.86% of Armenia's GDP, indicating a heavy reliance on foreign goods for economic growth.

    Being a landlocked country, Armenia depends significantly on its neighboring countries for imports, influencing trade relationships and logistical considerations in importing goods based on Armenia trade activities. 

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