Among Turkey’s trading partners that cause the greatest negative trade balances, Turkish deficits with Germany (down -39.6%), Brazil (down -28.4%) and the United States (down -27.2%) reduced at the fastest pace from 2018 to 2019. Armenia mainly imports petroleum gases and oils, diamonds, medicaments and radio-telephony transmission tools. See also Georgia’s Top Trading Partners, Turkey’s Top Trading Partners and Top Asian Countries Research Sources: The most recent imports are led by Petroleum Gas which represent 8.21% of the total imports of Armenia, followed by Refined Petroleum, which account for 5.46%. According to the expert Armenia has its share in the EEU market in terms of financial and investment services. EU exports to Armenia consist of machinery and transport equipment, manufactured goods, and chemicals. The most recent exports are led by Copper Ore which represent 34.7% of the total exports of Armenia, followed by Rolled Tobacco, which account for 9.5%. Armenia has been a member of the World Trade Organisation since 1999. In 2017, Armenia exported $2.44B and imported $3.96B, resulting in a negative trade balance of $1.52B. The Comprehensive and Enhanced Partnership Agreement aims to further improve EU-Armenia trade by enhancing the regulatory environment for businesses. HS Code Export USD$ (26) Ores: $665,129,492 (71) Precious Stones & Metals: $414,706,803 YEREVAN, NOVEMBER 4, ARMENPRESS: Armenia has increased the volumes of the foreign trade turnover with the CIS countries. In 2017 Armenia imported $3.96B, making it the 133rd largest importer in the world. Importer Exporter. Dollars Data Sources: National Statistic Committee: Yearbook 2017, Social Economic Situation in Armenia 2017 December-January, and the Ministry of Agriculture. Trade in Armenia represented 91% of GDP in 2018 (World Bank). Since his appointment, Armenian Prime Minister Nikol Pashinyan has always emphasized on expanding relations with Tehran in various areas, especially the economic sector. In 2017, Armenia exported $2.44B and imported $3.96B, resulting in a negative trade balance of $1.52B. The product space is a network connecting products that are likely to be co-exported and can be used to predict the evolution of a country’s export structure. Topics of interest may include fiscal and monetary policy, government regulation and governance, trade, labor markets, income distribution, education, among many others. The first table below shows top trading partners of Armenia in terms of export sales (selling), including Russia, Germany, and Netherlands. Armenia’s main trading partners are Russia, Germany, Iran, the United States, China, Ukraine and Turkey . Today, Armenia is a member […] EU as Armenia’s Largest Trade Partner The European Union was and continues to be Armenia’s largest trade partner since 1998. globalEDGE - Your source for business knowledge Menu. As compared to their trade balance in 1995 when they still had a negative trade balance of $99M in net imports. Includes websites and other resources where U.S. companies can get more information on how … The country follows an open and liberal policy in regard to foreign trade. This includes areas such as: 1. services 2. establishment 3. operation of companies 4. capital movements 5. government procurement 6. state-owned enterprises 7. intellectual … by pecheneg Plays Quiz not verified by Sporcle . Armenia was one of the first countries to privatize land after the collapse of the Soviet Union. The most common import partners for Armenia are Russia ($1.27B), China ($482M), Georgia ($267M), Iran ($253M), and Germany ($250M). Armenia was included in the European Neighborhood Policy in 2004 and in the Eastern Partnership in 2009.. Main export commodities include copper ores, cigars, alcohol, and gold. Armenia Exports By Category This page displays a table with Armenia Exports By Category in U.S. dollars, according to the United Nations COMTRADE database on international trade. Armenia's GSP+ u… That is, most products are imported from these countries to Armenia. During the last five years the imports of Armenia have decreased at an annualized rate of -1.2%, from $3.82B in 2012 to $3.96B in 2017. Armenia’s main exports are metals and precious stones followed by energy, beverages, and vegetables and fruit. The top import origins of Armenia are Russia ($1.14B), China ($455M), Turkey ($219M), Germany ($176M) and Iran ($162M). In this version of the product space products are colored according to their Product Gini Index, or PGI. Investments by both private sector and international organizations have improved the situation in the agro-processing industry. Bisnis Trade Report Trade Balance US- Armenia World Bank Armenia Report The PGI of a product is the level of income inequality that we expect for the countries that export a product. Armenia has been a member of the World Trade Organisation since 1999. EU as Armenia’s Largest Trade Partner The European Union was and continues to be Armenia’s largest trade partner since 1998. Armenia exports 93 products with revealed comparative advantage (meaning that its share of global exports is larger than what would be expected from the size of its export economy and from the size of a product’s global market). Among Turkey’s trading partners that cause the greatest negative trade balances, Turkish deficits with Germany (down -39.6%), Brazil (down -28.4%) and the United States (down -27.2%) reduced at the fastest pace from 2018 to 2019. The EU is the first export destination for Armenian products, and one of Armenia's main trading partners. According to the data of the Statistical Committee, Armenia’s trade turnover with Germany in 2019 was 451.3 million USD, which increased by 4.2% compared to 2018 (432.9 million USD). Armenia key trade partner for Switzerland – ambassador 13:27 • 29.11.17 The Swiss ambassador to Armenia on Wednesday hailed his country’s developing trade relations with Armenia, emphasizing the necessity of further steps to increase the mutual turnover. Agriculture is one of the most important sectors of the Armenian economy. HS Code Export USD$ (26) Ores: $665,129,492 (71) Precious Stones & Metals: $414,706,803 There are all the necessary preconditions for giving new breath to Armenian-Italian economic relations. The 2 nd largest trading partner of Armenia is China, followed by Switzerland, Germany and Iran. Armenia - Market Overview Armenia - Market Overview Discusses key economic indicators and trade statistics, which countries are dominant in the market, the U.S. market share, the political situation if relevant, the top reasons why U.S. companies should consider exporting to this country, and other issues that affect trade, e.g., terrorism, currency devaluations, trade agreements. globalEDGE - Your source for business knowledge Menu. Russia continues topping the list of Armenia’s main trading partners in 2019, Russia’s commercial representative to Armenia Andrei Babko told a news conference. Major import items include petroleum, oil products, natural gas, tobacco and diamond. During the first 11 months of 2006, the European Union remained Armenia's largest trading partner, accounting for 34.4 percent of its $2.85 billion commercial exchange during … The second lists top trade partners of Armenia regarding import total (buying). Armenia is the 125th largest export economy in the world. The top export destinations of Armenia are Russia ($569M), Bulgaria ($281M), Switzerland ($236M), Georgia ($210M) and China ($131M). The top import origins are Russia ($1.14B), China ($455M), Turkey ($219M), Germany ($176M) and Iran ($162M). All Rights Reserved. EU and Armenia. The most common birth places of memorable people born within the present day boundries of Armenia include Yerevan, Gyumri, Vanadzor, Armenia, Sanahin, Artashat, Armenia, Ararat (village), Armenia, Voskehat, Armavir, Ayrarat and Kanaker. Explore on Visualizations page Table: Agriculture produce; unit: Thousand U.S. As per 2008 figures, Russia enjoys 19.3% share of the total imports to Armenia, followed by China (8.7%) and Ukraine (7%). Merchandise Trade statistics data for Armenia (ARM) including exports and imports, applied tariffs, top exporting and importing countries, effectively applied and MFN tariff along with most exported and imported product groups, along with development indicators such as GDP, GNI per capita, trade balance and trade as percentage of GDP for Most Recent Year. Exports in Armenia averaged 120.19 USD Million from 2003 until 2020, reaching an all time high of 257.60 USD Million in September of 2020 and a record low of 34.21 USD Million in January of 2009. Overview: This page contains the latest international trade data for Azerbaijan, including service trade data, and tariffs.In 2018 Azerbaijan was the number 89 economy in the world in terms of GDP (current US$), the number 73 in total exports, the number 91 in total imports, and the number 91 most complex economy according to the Economic Complexity Index (ECI). At the moment, Italy is Armenia’s 2nd trade partner in the European Union, Prime Minister of Armenia Nikol Pashinyan announced following the meeting with Italian Prime Minister Giuseppe Conte. Swiss Federal Department of Foreign Affairs about relations with Armenia Ukraine: 25 December 1992: See Armenia–Ukraine relations. The modern Republic of Armenia became independent in 1991 during the dissolution of the Soviet Union. The most memorable people born within the present day boundries of Armenia include George Gurdjieff, Tigranes the Great, Leo V the Armenian, Gregory the Illuminator, Anastas Mikoyan, Artem Mikoyan, Karekin II, Tiridates III of Armenia, Najm ad-Din Ayyub and Armen Sarkissian. Overview: This page contains the latest international trade data for Azerbaijan, including service trade data, and tariffs.In 2018 Azerbaijan was the number 89 economy in the world in terms of GDP (current US$), the number 73 in total exports, the number 91 in total imports, and the number 91 most complex economy according to the Economic Complexity Index (ECI). A member of the WTO since 2003, Armenia has expanded its trade relations through PTAs with Europe and the US and by participating in the CIS free trade agreement. The total value of preferential imports from Armenia into the EU under the Generalised Scheme of Preferences (GSP) has increased, from € 42 million in 2014 to € 108 million in 2016. Partner bank. Russia is the biggest partner for Armenia trade imports. Looking for commercial partners in Armenia? Armenia Trade Statistics. In 2017 Armenia exported $2.44B, making it the 125th largest exporter in the world. This treemap shows the cultural exports of Armenia, as proxied by the production of globally famous historical characters. Armenia mainly imports oil, natural gas, cereals, rubber manufactures, cork and wood, and electrical machinery. In 2018, Armenia major trading partner countries for exports were Russian Federation, Switzerland, Bulgaria, Iraq and Germany and for imports they were Russian Federation, China, Iran, Islamic Rep., Turkey and Germany . Value Iran was named as Armenia's 6th most important trading partner in 2017, but in 2018 Iran was promoted to Yerevan's fifth most important trading partner. Armenia was included in the European Neighborhood Policy in 2004 and in the Eastern Partnershipin 2009. List your company on Macro Market. During January–February 2007, Armenia's trade with the European Union totaled $200 million. Trading Partner Portal: Armenia Trade Overview Armenia is a democratic nation-state – bordered by Turkey to the west, Georgia to the north, and Iran to the south – that has an ancient cultural heritage. As of 2017 Armenia had a negative trade balance of $1.52B in net imports. Armenia Trade Statistics. Armenia exports, imports and trade balance By Country. Geography Quiz / Trading partners of Armenia Random Geography or Europe Quiz Can you name the top ten import and export partners of Armenia? Armenia Trade Statistics. Armenia's representative to the World Trade Organization is also located in Geneva. In addition, Georgia’s trade with Armenia went from a -$57.5 million deficit in 2018 to a $144.8 million surplus one year later. Exports in Armenia decreased to 224.30 USD Million in October from 257.60 USD Million in September of 2020. Details may not equal totals due to rounding. List your company on, Linking Economic Complexity, Institutions and Income Inequality, The structural constraints of income inequality in Latin America, Creative Commons Attribution-ShareAlike 3.0 Unported License. Data Sources. Armenia imports from China worth US$ 661 million, with a partner share of 13.63 percent. Armenia Trade Statistics including exports and imports by partner and products, tariffs and relevant development indicators. The Comprehensive and Enhanced Partnership Agreement aims to further improve EU-Armenia trade by enhancing the regulatory environment for businesses. Its top imports are Petroleum Gas ($325M), Refined Petroleum ($216M), Packaged Medicaments ($149M), Diamonds ($121M) and Broadcasting Equipment ($96.9M). NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. Armenia imports from Turkey worth US$ 251 million, with a partner share of 5.17 percent. Value The EBRD knows and cooperates with local and foreign commercial banks; The EBRD can find a trade finance partner for your local bank in any country; The exporter’s bank may not be familiar with Armenian banks, but they will accept EBRD guarantees In 2017, Armenia major trading partner countries for exports were Russian Federation, Bulgaria, Switzerland, Georgia and Germany and for imports they were Russian Federation, China, Turkey, Iran, Islamic Rep. and Germany . Foreign relations of Armenia and List of countries by leading trade partners are connected through Congo, São Tomé and Príncipe, Kiribati and more.. Economist Michel Delagin in his speech mentioned that Armenia can be trade partner between France and Eurasian Economic Union, because of its strong economic and political relationship with France.. Statistical data testify that Armenia-EU commodity turnover in the year 2000 made up 20.1%, and during the years following 2001, annual growth rates during some years reached 50%. Table reflects only those months for which there was trade. 2020 : U.S. trade in goods with Armenia . Armenia is the 125th largest export economy in the world. Global Insights ... View All Export/Import Trade Partners Traded Goods (at the 2-digit HS Code level) Top 10 Export Goods. The EU imports from Armenia mainly manufactured goods, raw materials, beverages and tobacco. During the last five years the exports of Armenia have increased at an annualized rate of 8.7%, from $1.62B in 2012 to $2.44B in 2017. Swiss Federal Department of Foreign Affairs about relations with Armenia Ukraine: 25 December 1992: See Armenia–Ukraine relations. If during the months of January-September 2013 the volume of the trade turnover with those countries made about 1 billion 150 million 576 thousand, in the same period of the year of 2014 the trade volume has grown by more than 40 million dollars. Armenia’s average unemployment rate was 17.698% for 2019 down from 18.178% one year earlier, according to the International Monetary Fund. YEREVAN, NOVEMBER 22, ARMENPRESS. Imports in Armenia increased to 409 USD Million in October from 404.20 USD Million in September of 2020. Armenia - Trade Agreements Armenia - Trade Agreements Describes bilateral and multilateral trade agreements that this country is party to, including with the United States. Today, Armenia is a member […] Countryaah.com © 2020. In January-September, trade with Russia comprised 27% of Armenia’s total turnover. 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