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.