Country export capability

Armenia
export capability

A reported view of Armenia's export scale, destination network, sector breadth, trade history, and market-access context. Use the indicators together; no single measure describes export readiness on its own.

ARM1995-2024 coverage270 active partner marketsMacro trend resilient
Latest exports$13.2B2024 reported value
Latest imports$15.8B2024 reported value
Trade balance-$2.6BExports minus imports
Export growth+51%Latest year-on-year change
Active partners270Latest reported markets

Country export profile overview

Armenia export data in one research view

This profile brings together export performance, trade balance, destination markets, HS2 sectors, partner breadth, history, and market-access context for country export research.

Export scale and balance

Start with the latest reported trade position

In 2024, Armenia recorded $13.2B in exports and $15.8B in imports. The resulting -$2.6B trade balance gives the latest country-level position a clear context.

Exports changed +51% year on year and show a calculated +57.6% three-year CAGR. CAGR is an annualized comparison of reported values, not a forecast.

Markets and sectors

See where export value is concentrated

United Arab Emirates received $5.7B in reported exports, representing 43.1% of the latest country total. Precious stones and metals was the largest displayed HS2 export sector at $8.6B and 65.6% of exports.

The visible page highlights five leading destinations and five leading HS2 sectors, while the complete structured files retain every row supplied for this sample.

History and coverage

Read today's number against the long series

The country series covers 1995 through 2024, with 30 observed annual rows. That longer view helps separate a single-year movement from the broader export trend.

Partner counts, tariff context, concentration, exposure shares, and momentum are supporting indicators calculated from available trade observations. Missing values remain unavailable rather than estimated.

Economy and structure

The context around Armenia's export base

Macroeconomic and structural indicators add context to merchandise trade scale. They describe the country environment; they do not predict company performance or future exports.

GDP$26.0B2024 macro context
GDP per capita$8.6KCurrent-dollar GDP
Population3MReported population
Labor force1.3KReported labor force
Investment rate25.9%National investment rate
Savings rate4.3%National savings rate
Trade openness206.7%Exports + imports / GDP
Exports / GDP93.9%Merchandise exports / GDP
Secondary education96.6%Education context
Tertiary education34.8%Education context

Market signals

Where to look more closely next

Route-level risk and emerging-corridor signals for further research. These are calculated indicators, not forecasts.

Destination risk contextAll covered routes
Destination risk context for Armenia
DestinationAttentionAttention shareBelow peakApplied tariffPrimary reason
Iran (Islamic Republic of)IRNCritical attention94.4%79.7%44%Volatile products account for the largest observed corridor exposure
ChinaCHNWatch48.1%25.2%16.8%Volatile products account for the largest observed corridor exposure
RussiaRUSHigh attention81.6%10.8%7%Volatile products account for the largest observed corridor exposure
Syrian Arab RepublicSYRCritical attention100%62.5%20.5%Current trade remains materially below historical peaks
SerbiaSRBCritical attention97.4%85.1%6.2%Buyer-market concentration is the largest observed corridor exposure
Switzerland, LiechtensteinCHEHigh attention95.9%10.3%3.1%Volatile products account for the largest observed corridor exposure
NetherlandsNLDCritical attention51.3%57.5%2.1%Volatile products account for the largest observed corridor exposure
China, Hong Kong Special Administrative RegionHKGHigh attention88.7%0%0%Volatile products account for the largest observed corridor exposure
IraqIRQHigh attention99.9%12.1%Not reportedBuyer-market concentration is the largest observed corridor exposure
United Arab EmiratesAREWatch3.4%1.3%5.2%Volatile products account for the largest observed corridor exposure

Full route coverage is retained. High attention means the route deserves closer product and access review.

Market opportunity signals

Product-market combinations worth investigating

All returned rows use buyer demand, exporter position, and calculated addressable-value fields. They are research signals, not forecasts.

Addressable-value signalsAll returned rows
Market opportunity signals for Armenia
RankMarket and productBuyer importsAddressable 3-year valueCurrent shareDemand signal
1ChinaHS6 260111 · Iron ores and concentrates: non-agglomerated$111.0B$119.1B0%Declining -2.6%
2ChinaHS6 854231 · Electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits$158.0B$93.1B0%Declining +10.5%
3ChinaHS6 854232 · Electronic integrated circuits: memories$80.6B$65.7B0%Declining +20.6%
4ChinaHS6 710812 · Metals: gold, non-monetary, unwrought (but not powder)$80.8B$64.4B0.3%Accelerating +2.4%
5ChinaHS6 854239 · Electronic integrated circuits: n.e.c. in heading no. 8542$81.8B$61.4B0%Accelerating +4%
6USA, Puerto Rico and US Virgin IslandsHS6 851712 · Telephones for cellular networks or for other wireless networks$53.9B$53.8B0%Slowing -8.8%
7USA, Puerto Rico and US Virgin IslandsHS6 847150 · Digital processing units: other than those of subheadings 8471.41 or 8471.49, whether or not containing in the same housing one or two of the following types of unit: storage units, input units or output units$53.9B$45.6B0%Growing +60.2%
8ChinaHS6 260300 · Copper ores and concentrates$62.6B$35.1B0.2%Accelerating +11%

Addressable value is a calculated field. Validate product, buyer, tariff, and route conditions before commercial decisions.

Detailed export portfolioHS4 lines beneath the leading sectorsOpen the detailed four-digit export table for Armenia.
All HS4 export lines2024 ranking
Top HS4 export lines for Armenia
RankHS4Parent HS2 sectorExportsShareActive HS6
17108HS4 detail codePrecious stones and metals (71) ↗$6.0B45.6%3
27113HS4 detail codePrecious stones and metals (71) ↗$864.5M6.6%3
37102HS4 detail codePrecious stones and metals (71) ↗$706.3M5.4%4
48517HS4 detail codeElectrical machinery (85) ↗$672.9M5.1%7
57106HS4 detail codePrecious stones and metals (71) ↗$569.6M4.3%3
67110HS4 detail codePrecious stones and metals (71) ↗$450.5M3.4%8
72208HS4 detail codeBeverages (22) ↗$340.2M2.6%7
82402HS4 detail codeTobacco (24) ↗$335.2M2.5%3
98528HS4 detail codeElectrical machinery (85) ↗$266.2M2%9
102603HS4 detail codeOres, slag and ash (26) ↗$220.1M1.7%1
112613HS4 detail codeOres, slag and ash (26) ↗$213.1M1.6%2
122616HS4 detail codeOres, slag and ash (26) ↗$123.2M0.9%2

HS4 values are reported observations. The hierarchy is preserved; no missing descriptions are inferred.

The country export read

Armenia combines $13.2B in exports with a broad partner network.

In 2024, Armenia recorded $13.2B in reported exports and $15.8B in imports, producing a reported trade deficit of $2.6B. Exports changed +51% year on year and +57.6% annualized over three years. Precious stones and metals (HS2 71) was the largest displayed export sector by value.

Destination network

Where Armenia exports move

All returned destination lanes ranked by latest reported export value. Share is calculated against the country total. Review sources ↗

Latest reported destination lanesAll returned · 2024
Leading export destinations for Armenia
RankDestinationLatest exportsShareYear-on-year3-year CAGR
1United Arab EmiratesARE$5.7B43.1%+120.1%+320.4%
2RussiaRUS$3.1B23.8%-10.6%+62.9%
3China, Hong Kong Special Administrative RegionHKG$2.0B15.4%+215.8%+587.1%
4ChinaCHN$482.7M3.7%+175.3%-16.7%
5IraqIRQ$232.2M1.8%+28.6%+9.4%
6GeorgiaGEO$158.1M1.2%-12.3%-16.1%
7Iran (Islamic Republic of)IRN$132.9M1%+4.6%+21%
8BelarusBLR$124.8M0.9%+226.9%+64.4%
9Switzerland, LiechtensteinCHE$116.7M0.9%+41.5%-29.2%
10BelgiumBEL$110.2M0.8%-22.3%+42.7%

Destination values are reported country-to-country observations. Full returned rows remain in the downloads.

Trade history

A long view of export scale

Latest twelve years from the 30-year reported country series. Context, not a forecast.

Reported exports by year

2013
$1.4B
2014
$1.5B
2015
$1.4B
2016
$1.9B
2017
$2.1B
2018
$2.5B
2019
$2.9B
2020
$2.9B
2021
$3.4B
2022
$5.8B
2023
$8.7B
2024
$13.2B

Partner network

Scale is only one part of export capability

Partner breadth, distance, agreements, and tariffs add context to reported exports.

FTA partner markets40Reported count
WTO partner markets169Reported count
EU partner markets28Reported count
Shared-border partners4Country context
Shared-language partners0Country context
Average partner distance6,729 kmCalculated average
Partners with FTA14.8%Calculated share
Applied tariff context0.1%Calculated average
MFN tariff context0.1%Calculated average
Tariff advantage+0.1 ppPreferential vs MFN

Exposure context

Signals to examine alongside export scale

Calculated or classified route and country context. Not predictions or recommendations.

Attention share44.5%

Covered value under attention

Critical share1.2%

Covered value marked critical

Below historical peak6.9%

Distance below route peaks

FTA-covered exports30.1%

Covered value with FTA context

Weighted tariff context0.1%

Export-weighted tariff

Macro contextMacro trend resilient

Primary attention driver: High trade volatility.

Momentum score53

History-based indicator

Partner concentration2,687.5

Partner HHI

Product concentration2,196.8

Product HHI

Country attention level: Watch. Missing fields remain unavailable.

Complete country valuesOpen the full profile evidenceFull history, sectors, HS4, destinations, risk, opportunities, and source fields.

Profile fields

Year2,024
Country Iso3ARM
Exports Usd$13.2B
Imports Usd$15.8B
Trade Balance Usd-$2.6B
Yoy Exports Growth Pct51%
Yoy Imports Growth Pct46.1%
Exports Cagr 3y Pct57.6%
Imports Cagr 3y Pct39.7%
Export Partner Hhi2,687.5
Export Product Hhi2,196.8
Momentum Score53
Risk Score24.4
Gdp Million Usd25,955.28 million USD
Gdp Per Capita Usd$8.6K
Population3,033,500
Labor Force1,288
Investment Rate Pct25.9%
Savings Rate Pct4.3%
Secondary Education Pct96.6%
Tertiary Education Pct34.8%
Total Factor Productivity491.2
Trade Openness Pct206.7%
Exports Gdp Pct93.9%
Num Active Partners270
Num Fta Partners40
Num Wto Partners169
Num Eu Partners28
Num Shared Border Partners4
Num Shared Language Partners0
Avg Partner Distance Km6,729 km
Avg Partner Gdp Million Usd533,678,518.33 million USD
Avg Partner Gdp Per Capita Usd$15.8
Avg Buyer Biz Entry DaysNot reported
Avg Buyer Biz Entry Cost PctNot reported
Pct Partners With Fta15
Pct Partners Shared Language0
Pct Partners Shared Border1
Avg Applied Tariff Pct0.1%
Avg Mfn Tariff Pct0.1%
Avg Preferential Tariff Pct0%
Tariff Advantage Pp+0.1 pp
Avg Distance All Partners Km6,774
Num Border Partners100
Num Colonial Partners50
Avg Substitution Elasticity-9.4
Pct Products High Elasticity70
Pct Products Low Elasticity3
Real Market Potential10,581,208.3
Foreign Market Potential345,494.9

Exposure fields

Country Iso3ARM
All History Lane Count3,172
Current Lane Count1,684
Critical Lane Count8
High Attention Lane Count289
High Volatility Lane Count1,124
Unrecovered Drawdown Lane Count429
Declining Demand Lane Count5
Concentrated Market Lane Count1,034
Access Friction Lane Count74
Buyer Macro Weakness Lane Count27
Monitored Exports Current Usd$12.8B
Attention Exports Usd$5.7B
Critical Exports Usd$155.7M
High Volatility Exports Usd$10.9B
Unrecovered Drawdown Exports Usd$642.7M
Non Fta Exports Usd$8.9B
Monitored Attention Share Pct44.5%
Monitored Critical Share Pct1.2%
Fta Covered Exports Share Pct30.1%
Export Weighted Volatility Cv1.9
Export Weighted Below Peak Pct6.9%
Export Weighted Distance Km2,978 km
Export Weighted Tariff Pct0.1%
Latest Data Year2,024
First Data Year1,995
Country Years Count30
Total Exports Latest Usd$13.2B
Total Imports Latest Usd$15.8B
Trade Balance Latest Usd-$2.6B
Exports Yoy Latest Pct51%
Exports Cagr 3y Latest Pct57.6%
Gdp Latest Million Usd25,955.28 million USD
Gdp Per Capita Latest Usd$8.6K
Population Latest3,033,500
Investment Rate Latest Pct25.9%
Savings Rate Latest Pct4.3%
Trade Openness Latest Pct206.7%
Exports Gdp Latest Pct93.9%
Active Partners Latest270
Fta Partners Latest40
Foreign Market Potential Latest345,494.9
Gdp 5y Cagr Pct13.8%
Gdp Per Capita 5y Cagr Pct13.2%
Population 5y Cagr Pct0.5%
Partner Hhi Latest2,687.5
Partner Top1 Share Latest Pct43.1%
Partner Top3 Share Latest Pct82.3%
Partner Hhi All Avg1,403.7
Partner Hhi All Max3,609.2
Product Hhi Latest2,196.8
Product Top1 Share Latest Pct45.6%
Product Top3 Share Latest Pct56.8%
Product Hhi All Avg979.3
Product Hhi All Max2,196.8
Total Exports Attention Share Pct43.3%
Total Exports Critical Share Pct1.2%
Attention LevelWatch
Primary Risk DriverHigh trade volatility
Macro Resilience LabelMacro trend resilient

Annual country history

YearExportsImportsTrade balanceExports YoYExports CAGR 3Y
1995$175.9M$328.4M-$152.4MNot reportedNot reported
1996$193.3M$306.9M-$113.5M+9.9%Not reported
1997$194.4M$532.1M-$337.7M+0.5%Not reported
1998$176.0M$325.6M-$149.6M-9.5%+0%
1999$213.6M$592.7M-$379.2M+21.3%+3.4%
2000$299.5M$730.4M-$430.9M+40.2%+15.5%
2001$311.6M$762.2M-$450.6M+4%+21%
2002$473.2M$898.6M-$425.4M+51.9%+30.4%
2003$706.4M$1.3B-$550.7M+49.3%+33.1%
2004$685.9M$1.3B-$654.6M-2.9%+30.1%
2005$912.7M$1.6B-$728.7M+33.1%+24.5%
2006$985.5M$1.9B-$898.9M+8%+11.7%
2007$1.2B$2.6B-$1.4B+17.6%+19.1%
2008$1.0B$3.2B-$2.2B-11.1%+4.1%
2009$638.9M$2.6B-$1.9B-38%-13.5%
2010$917.9M$2.9B-$2.0B+43.7%-7.5%
2011$2.6B$3.3B-$739.9M+179%+35.5%
2012$3.0B$3.5B-$436.0M+18%+67.8%
2013$1.4B$3.6B-$2.2B-54.7%+14.3%
2014$1.5B$3.6B-$2.1B+6.2%-17.2%
2015$1.4B$2.9B-$1.5B-4.7%-22.9%
2016$1.9B$2.8B-$968.0M+33.7%+10.6%
2017$2.1B$3.5B-$1.4B+14.8%+13.5%
2018$2.5B$4.0B-$1.6B+15.4%+21%
2019$2.9B$4.3B-$1.4B+19.2%+16.4%
2020$2.9B$5.3B-$2.4B-1.7%+10.6%
2021$3.4B$5.8B-$2.4B+16.9%+11%
2022$5.8B$10.7B-$4.9B+71.5%+25.4%
2023$8.7B$10.8B-$2.1B+51.3%+44.7%
2024$13.2B$15.8B-$2.6B+51%+57.6%

Top export sectors

RankHS2SectorExportsShareExport partnersActive HS6
171Precious stones and metals$8.6B65.6%5643
285Electrical machinery$1.1B8.2%91256
326Ores, slag and ash$559.9M4.3%2416
422Beverages$408.9M3.1%7424
524Tobacco$363.9M2.8%5310
662Non-knitted clothing$290.1M2.2%89112
784Machinery$231.9M1.8%96505
872Iron and steel$154.5M1.2%31127
990Optical and medical instruments$133.0M1%78140
1027Mineral fuels$112.0M0.9%1734

Detailed HS4 export lines

RankHS4Parent HS2ExportsShareActive HS6
17108Precious stones and metals (71)$6.0B45.6%3
27113Precious stones and metals (71)$864.5M6.6%3
37102Precious stones and metals (71)$706.3M5.4%4
48517Electrical machinery (85)$672.9M5.1%7
57106Precious stones and metals (71)$569.6M4.3%3
67110Precious stones and metals (71)$450.5M3.4%8
72208Beverages (22)$340.2M2.6%7
82402Tobacco (24)$335.2M2.5%3
98528Electrical machinery (85)$266.2M2%9
102603Ores, slag and ash (26)$220.1M1.7%1
112613Ores, slag and ash (26)$213.1M1.6%2
122616Ores, slag and ash (26)$123.2M0.9%2

Top export destinations

RankDestinationISO3ExportsShareYoYCAGR 3Y
1United Arab EmiratesARE$5.7B43.1%+120.1%+320.4%
2RussiaRUS$3.1B23.8%-10.6%+62.9%
3China, Hong Kong Special Administrative RegionHKG$2.0B15.4%+215.8%+587.1%
4ChinaCHN$482.7M3.7%+175.3%-16.7%
5IraqIRQ$232.2M1.8%+28.6%+9.4%
6GeorgiaGEO$158.1M1.2%-12.3%-16.1%
7Iran (Islamic Republic of)IRN$132.9M1%+4.6%+21%
8BelarusBLR$124.8M0.9%+226.9%+64.4%
9Switzerland, LiechtensteinCHE$116.7M0.9%+41.5%-29.2%
10BelgiumBEL$110.2M0.8%-22.3%+42.7%

Destination risk context

RankDestinationAttentionAttention shareBelow peakApplied tariffPrimary reason
1Iran (Islamic Republic of) (IRN)Critical attention94.4%79.7%44%Volatile products account for the largest observed corridor exposure
2China (CHN)Watch48.1%25.2%16.8%Volatile products account for the largest observed corridor exposure
3Russia (RUS)High attention81.6%10.8%7%Volatile products account for the largest observed corridor exposure
4Syrian Arab Republic (SYR)Critical attention100%62.5%20.5%Current trade remains materially below historical peaks
5Serbia (SRB)Critical attention97.4%85.1%6.2%Buyer-market concentration is the largest observed corridor exposure
6Switzerland, Liechtenstein (CHE)High attention95.9%10.3%3.1%Volatile products account for the largest observed corridor exposure
7Netherlands (NLD)Critical attention51.3%57.5%2.1%Volatile products account for the largest observed corridor exposure
8China, Hong Kong Special Administrative Region (HKG)High attention88.7%0%0%Volatile products account for the largest observed corridor exposure
9Iraq (IRQ)High attention99.9%12.1%Not reportedBuyer-market concentration is the largest observed corridor exposure
10United Arab Emirates (ARE)Watch3.4%1.3%5.2%Volatile products account for the largest observed corridor exposure

Emerging corridor signals

RankDestinationHS6SignalMarket importsCurrent shareStrength
1China (CHN)710691new$383.2M20.4%100
2Belarus (BLR)999999new$67.2M3.6%100
3Georgia (GEO)261000new$5.5M3%100
4Belarus (BLR)040590new$883.1K66.6%100
5China (CHN)711031new$353.7M0.1%100
6China (CHN)711049new$65.4M0.4%100
7China (CHN)711021new$843.6M0.3%100
8Austria (AUT)630622new$17.8M1.3%100
9United Kingdom (GBR)840390new$229.2M0.1%100
10United Kingdom (GBR)846291new$20.3M0.5%100

Market opportunity signals

RankMarketHS6Buyer importsAddressable 3-year valueCurrent shareSignal
1China (CHN)260111$111.0B$119.1B0%Declining (-2.6%)
2China (CHN)854231$158.0B$93.1B0%Declining (+10.5%)
3China (CHN)854232$80.6B$65.7B0%Declining (+20.6%)
4China (CHN)710812$80.8B$64.4B0.3%Accelerating (+2.4%)
5China (CHN)854239$81.8B$61.4B0%Accelerating (+4%)
6USA, Puerto Rico and US Virgin Islands (USA)851712$53.9B$53.8B0%Slowing (-8.8%)
7USA, Puerto Rico and US Virgin Islands (USA)847150$53.9B$45.6B0%Growing (+60.2%)
8China (CHN)260300$62.6B$35.1B0.2%Accelerating (+11%)

How to read this page

Separate reported scale from calculated context.

Reported exports, imports, trade balance, sector rows, destination rows, and annual history describe merchandise trade observations for the stated country and year.

CAGR, shares, concentration measures, tariff context, exposure shares, and momentum are calculated indicators built from the available observations. They help organize research but are not additional reported trade or forecasts.

Coverage runs from 1995 through 2024 for this profile. Missing values are shown as Not reported. Read the full methodology ↗

Reported observations

OECD BIMTS merchandise trade values are the primary series for this view.

Calculated indicators

Growth, share, HHI, tariff, and exposure fields are derived from available reported values.

Coverage limits

Unavailable values remain unavailable. No company sales, shipment records, or forecasts are implied.

Questions about this profile

Armenia export capability, in context

Short answers for readers comparing country export scale, partner breadth, and calculated trade indicators.

What does the Armenia export profile measure?

It combines reported exports, imports, history, destinations, HS2 sectors, partner context, and calculated indicators for Armenia.

What is the latest reported export value for Armenia?

Armenia recorded $13.2B in reported exports in 2024.

Which markets receive the most exports from Armenia?

United Arab Emirates leads by reported export value at $5.7B in 2024. Five destination lanes are highlighted.

Which sectors lead Armenia's exports?

Precious stones and metals leads by reported value at $8.6B. Five HS2 chapters are highlighted.

How many years of Armenia trade history are available?

This sample contains 30 observed annual rows covering 1995 through 2024. Missing observations are not estimated.

Are the growth and exposure values forecasts?

No. They are calculated or classified from reported observations, not forecasts or market-access guarantees.

Continue your research

Take the country view into a broader Yugalinks workspace.

Compare countries, products, sectors, and routes using the available trade evidence and definitions.

Data source

OECD trade statistics with CEPII context

OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-28). OECD BIMTS is the primary trade series for this view. Supporting bilateral trade context uses CEPII BACI bilateral trade flows (202601) under Etalab 2.0 Open Licence. Yugalinks presents derived views of reported observations and calculated indicators. Data terms: OECD Terms & Conditions.