# Armenia exporter opportunity index

This page reviews 23,679 screened market and product opportunities for Armenia. It combines reported trade observations with calculated opportunity indicators.

## Summary

- Latest reported exports: $13.2B
- Calculated three-year addressable opportunity: $3.4T
- Active partner markets: 270
- FTA partners: 40
- Profile year: 2024

## Top Opportunities

| Rank | Buyer market | Product | Addressable 3-year value | Buyer CAGR | Exporter share | Share gap | Signal |
| ---: | --- | --- | ---: | ---: | ---: | ---: | --- |
| 1 | China (CHN) | HS 854231 Electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits | $93.1B | +18.1% | 0% | 35.8% | Declining |
| 2 | China (CHN) | HS 854239 Electronic integrated circuits: n.e.c. in heading no. 8542 | $61.4B | +15.9% | 0% | 48.2% | Accelerating |
| 3 | USA, Puerto Rico and US Virgin Islands (USA) | HS 851712 Telephones for cellular networks or for other wireless networks | $53.8B | +11.8% | 0% | 71.4% | Slowing |
| 4 | USA, Puerto Rico and US Virgin Islands (USA) | HS 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 | $45.6B | +11.1% | 0% | 61.8% | Growing |
| 5 | China (CHN) | HS 260300 Copper ores and concentrates | $35.1B | +20.3% | 0.2% | 32.3% | Accelerating |
| 6 | India (IND) | HS 710812 Metals: gold, non-monetary, unwrought (but not powder) | $33.8B | +21.1% | 0.1% | 35.4% | Declining |
| 7 | USA, Puerto Rico and US Virgin Islands (USA) | HS 847130 Data processing machines: portable, digital and automatic, weighing not more than 10kg, consisting of at least a central processing unit, a keyboard and a display | $33.3B | +3.8% | 0% | 69.8% | Growing |
| 8 | China, Hong Kong Special Administrative Region (HKG) | HS 851712 Telephones for cellular networks or for other wireless networks | $32.7B | +11.6% | 0% | 77.6% | Declining |
| 9 | China, Hong Kong Special Administrative Region (HKG) | HS 854239 Electronic integrated circuits: n.e.c. in heading no. 8542 | $29.1B | +7.1% | 0% | 40.4% | Growing |
| 10 | USA, Puerto Rico and US Virgin Islands (USA) | HS 870323 Vehicles: spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 1500cc but not exceeding 3000cc | $28.7B | +3.9% | 0% | 28.1% | Stable |
| 11 | Switzerland, Liechtenstein (CHE) | HS 300490 Medicaments: consisting of mixed or unmixed products n.e.s. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale | $27.7B | +12.3% | 0% | 47.7% | Declining |
| 12 | United Arab Emirates (ARE) | HS 851712 Telephones for cellular networks or for other wireless networks | $27.3B | +20.6% | 0% | 57.8% | Stable |
| 13 | United Kingdom (GBR) | HS 710812 Metals: gold, non-monetary, unwrought (but not powder) | $26.2B | +15.3% | 0% | 23.7% | Declining |
| 14 | USA, Puerto Rico and US Virgin Islands (USA) | HS 847180 Data processing machines: automatic, units thereof n.e.s. in heading no. 8471 | $25.8B | +9.4% | 0% | 78.7% | Slowing |
| 15 | Republic of Korea (KOR) | HS 854232 Electronic integrated circuits: memories | $24.8B | +13.4% | 0% | 81.4% | Growing |
| 16 | USA, Puerto Rico and US Virgin Islands (USA) | HS 711590 Metal: precious or metal clad with precious metal, other than that of item no. 7115.10 | $20.2B | +21.5% | 0% | 57.3% | Accelerating |
| 17 | United Kingdom (GBR) | HS 271121 Petroleum gases and other gaseous hydrocarbons: in gaseous state, natural gas | $19.3B | +16.1% | 0% | 99.2% | Declining |
| 18 | USA, Puerto Rico and US Virgin Islands (USA) | HS 300490 Medicaments: consisting of mixed or unmixed products n.e.s. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale | $19.0B | +14% | 0% | 16.7% | Declining |
| 19 | Singapore (SGP) | HS 854239 Electronic integrated circuits: n.e.c. in heading no. 8542 | $17.5B | +4.4% | 0% | 53.4% | Declining |
| 20 | Switzerland, Liechtenstein (CHE) | HS 710813 Metals: gold, semi-manufactured | $17.2B | +14.3% | 0% | 76% | Stable |
| 21 | Switzerland, Liechtenstein (CHE) | HS 710812 Metals: gold, non-monetary, unwrought (but not powder) | $17.1B | +12.8% | 0.2% | 13.3% | Growing |
| 22 | China (CHN) | HS 847180 Data processing machines: automatic, units thereof n.e.s. in heading no. 8471 | $16.9B | +19.1% | 0% | 63.8% | Accelerating |
| 23 | China (CHN) | HS 271121 Petroleum gases and other gaseous hydrocarbons: in gaseous state, natural gas | $16.8B | +53.3% | 0% | 44.9% | Growing |
| 24 | Germany (DEU) | HS 271121 Petroleum gases and other gaseous hydrocarbons: in gaseous state, natural gas | $16.4B | +4.2% | 0% | 72.5% | Declining |
| 25 | China, Hong Kong Special Administrative Region (HKG) | HS 710812 Metals: gold, non-monetary, unwrought (but not powder) | $16.3B | +10.6% | 3.3% | 28.8% | Accelerating |
| 26 | USA, Puerto Rico and US Virgin Islands (USA) | HS 851762 Communication apparatus (excluding telephone sets or base stations): machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus | $16.3B | +14.1% | 0% | 21.3% | Accelerating |
| 27 | USA, Puerto Rico and US Virgin Islands (USA) | HS 847330 Machines: parts and accessories of automatic data processing, magnetic or optical readers, digital processing units | $14.3B | +1.2% | 0% | 42.4% | Accelerating |
| 28 | China (CHN) | HS 870323 Vehicles: spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 1500cc but not exceeding 3000cc | $13.9B | +13.2% | 0% | 40.7% | Growing |
| 29 | USA, Puerto Rico and US Virgin Islands (USA) | HS 950300 Tricycles, scooters, pedal cars and similar wheeled toys: dolls' carriages: dolls: other toys: reduced-size (scale) models and similar recreational models, working or not: puzzles of all kinds | $13.8B | +3.8% | 0% | 77.3% | Stable |
| 30 | Mexico (MEX) | HS 851712 Telephones for cellular networks or for other wireless networks | $13.5B | +16.9% | 0% | 73.4% | Growing |
| 31 | Belgium (BEL) | HS 271019 Product description unavailable | $12.8B | +9.1% | 0% | 61.2% | Stable |
| 32 | Germany (DEU) | HS 271019 Product description unavailable | $12.3B | +5.8% | 0% | 54.3% | Growing |
| 33 | Russia (RUS) | HS 870323 Vehicles: spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 1500cc but not exceeding 3000cc | $12.2B | +12.7% | 0% | 91% | Growing |
| 34 | USA, Puerto Rico and US Virgin Islands (USA) | HS 854430 Insulated electric conductors: ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships | $11.8B | +5.8% | 0% | 69.9% | Accelerating |
| 35 | United Arab Emirates (ARE) | HS 710812 Metals: gold, non-monetary, unwrought (but not powder) | $11.7B | +43.7% | 5.4% | 7.5% | Accelerating |
| 36 | Italy (ITA) | HS 271121 Petroleum gases and other gaseous hydrocarbons: in gaseous state, natural gas | $10.9B | +7.2% | 0% | 47.3% | Growing |
| 37 | USA, Puerto Rico and US Virgin Islands (USA) | HS 852872 Reception apparatus for television, whether or not incorporating radio-broadcast receivers or sound or video recording or reproducing apparatus: incorporating a colour video display or screen | $10.8B | +5.5% | 0% | 75.4% | Stable |
| 38 | USA, Puerto Rico and US Virgin Islands (USA) | HS 853710 Boards, panels, consoles, desks and other bases: for electric control or the distribution of electricity, (other than switching apparatus of heading no. 8517), for a voltage not exceeding 1000 volts | $10.6B | +10.8% | 0% | 41.2% | Growing |
| 39 | Republic of Korea (KOR) | HS 854239 Electronic integrated circuits: n.e.c. in heading no. 8542 | $10.6B | +7.4% | 0% | 53.5% | Growing |
| 40 | Republic of Korea (KOR) | HS 854231 Electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits | $10.5B | +5.7% | 0% | 39.8% | Accelerating |
| 41 | Turkey (TUR) | HS 711319 Jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof | $10.5B | +23.9% | 0% | 82.2% | Stable |
| 42 | USA, Puerto Rico and US Virgin Islands (USA) | HS 870829 Vehicles: parts and accessories, of bodies, other than safety seat belts | $10.3B | +6.5% | 0% | 41.4% | Accelerating |
| 43 | China, Hong Kong Special Administrative Region (HKG) | HS 711319 Jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof | $10.1B | +10.1% | 0.2% | 44.6% | Accelerating |
| 44 | China (CHN) | HS 852990 Reception and transmission apparatus: for use with the apparatus of heading no. 8525 to 8528, excluding aerials and aerial reflectors | $9.9B | +7.9% | 0% | 50.3% | Growing |
| 45 | Slovenia (SVN) | HS 300490 Medicaments: consisting of mixed or unmixed products n.e.s. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale | $9.7B | +17.9% | 0% | 77.7% | Declining |
| 46 | Germany (DEU) | HS 851712 Telephones for cellular networks or for other wireless networks | $9.7B | +9.2% | 0% | 52% | Growing |
| 47 | Mexico (MEX) | HS 840820 Engines: compression-ignition internal combustion piston engines (diesel or semi-diesel engines), of a kind used for the propulsion of vehicles of chapter 87 | $9.3B | +18.2% | 0% | 91.8% | Accelerating |
| 48 | China, Hong Kong Special Administrative Region (HKG) | HS 847330 Machines: parts and accessories of automatic data processing, magnetic or optical readers, digital processing units | $8.8B | +5.2% | 0% | 64.1% | Stable |
| 49 | USA, Puerto Rico and US Virgin Islands (USA) | HS 293359 Heterocyclic compounds: containing a pyrimidine ring (whether or not hydrogenated) or piperazine ring in the structure, (other than malonylurea (barbituric acid) and its derivatives),and loprazolam, mecloqualone, methaqualone, zipeprol and salts thereof | $8.5B | +11.1% | 0% | 74.8% | Accelerating |
| 50 | Russia (RUS) | HS 870322 Vehicles: with only spark-ignition internal combustion piston engine, cylinder capacity over 1000 but not over 1500cc | $8.5B | +16.6% | 0% | 83.5% | Growing |

## Sector View

- Electrical machinery (HS2 85): $878.2B across 2,298 screened opportunities.
- Machinery (HS2 84): $495.7B across 2,738 screened opportunities.
- Precious stones and metals (HS2 71): $285.7B across 392 screened opportunities.
- Vehicles (HS2 87): $187.6B across 537 screened opportunities.
- Mineral fuels (HS2 27): $154.3B across 155 screened opportunities.
- Pharmaceutical products (HS2 30): $146.1B across 239 screened opportunities.
- Optical and medical instruments (HS2 90): $108.3B across 1,028 screened opportunities.
- Plastics (HS2 39): $75.6B across 612 screened opportunities.
- Furniture and lighting (HS2 94): $67.6B across 341 screened opportunities.
- Other or unclassified products (Other or unclassified products): $66.3B across 29 screened opportunities.

## Reported Export Footprint

- United Arab Emirates (ARE): $5.7B reported exports; YoY +120.1%.
- Russia (RUS): $3.1B reported exports; YoY -10.6%.
- China, Hong Kong Special Administrative Region (HKG): $2.0B reported exports; YoY +215.8%.
- China (CHN): $482.7M reported exports; YoY +175.3%.
- Iraq (IRQ): $232.2M reported exports; YoY +28.6%.
- Georgia (GEO): $158.1M reported exports; YoY -12.3%.
- Iran (Islamic Republic of) (IRN): $132.9M reported exports; YoY +4.6%.
- Belarus (BLR): $124.8M reported exports; YoY +226.9%.

## Corridor Risk and Signals

- Iran (Islamic Republic of) (IRN): Critical attention; Volatile products account for the largest observed corridor exposure.
- China (CHN): Watch; Volatile products account for the largest observed corridor exposure.
- Russia (RUS): High attention; Volatile products account for the largest observed corridor exposure.
- Syrian Arab Republic (SYR): Critical attention; Current trade remains materially below historical peaks.
- Serbia (SRB): Critical attention; Buyer-market concentration is the largest observed corridor exposure.
- Switzerland, Liechtenstein (CHE): High attention; Volatile products account for the largest observed corridor exposure.

## Region View

- Europe: $1.2T across 41 buyer markets.
- North America: $1.1T across 3 buyer markets.
- East Asia: $650.9B across 7 buyer markets.
- Middle East: $171.9B across 15 buyer markets.
- Southeast Asia: $88.1B across 10 buyer markets.
- South Asia: $66.8B across 7 buyer markets.
- Central Asia: $34.3B across 5 buyer markets.
- Latin America and Caribbean: $25.4B across 22 buyer markets.

## How to Read

Addressable opportunity is a calculated screening indicator, not a reported order value. Opportunities are included when latest buyer imports exceed $50.0K and at least 3 trade years are available.

## Data sources

- Primary trade series: OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-30). [OECD Data Explorer](https://data-explorer.oecd.org/) - [OECD Terms & Conditions](https://www.oecd.org/termsandconditions/)
- CEPII BACI bilateral trade flows (202601): [dataset page](https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37) - [BACI documentation](https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html) - [Etalab 2.0 Open Licence](https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf)

This page presents derived Yugalinks views of reported observations and calculated indicators.