Largest market shown
Metals: gold, non-monetary, unwrought (but not powder)
$5.7B of latest reported imports and $11.1B of calculated three-year opportunity.
Importer opportunity guide
Armenia import opportunities
where to source next
Explore Armenia's import market by product, supplier concentration, demand growth, and sourcing gaps. Use reported market size and calculated indicators to decide where deeper supplier research may be useful.
Latest imports$15.8B2024 reported value
Import CAGR+39.7%Three-year reported change
GDP$26.0BLatest reported value
GDP per capita$8.6KLatest reported value
Trade openness206.7%Reported share of GDP
Armenia import opportunities
What makes this an attractive import market?
Compare market size and growth with supplier concentration. A large market may still need product, quality, tariff, logistics, and buyer validation.
Current import base
$15.8B in imports
Armenia recorded $15.8B in imports in 2024, with a three-year change of +39.7%.
How to use the guide
Compare demand with supply
Start with the highest-value products, then review supplier concentration and market conditions before choosing a sourcing route.
Import market overview
Find products where demand and sourcing options meet
This page separates reported import observations from calculated indicators so market size is not mistaken for a guaranteed sourcing opportunity.
Armenia imports products from suppliers across major trade regions. The current profile reports $15.8B of imports in 2024, while the opportunity view highlights product and supplier combinations where market demand and supply context may justify further research.
Use the opportunity table to compare product market size, demand growth, supplier counts, concentration, and projected imports. High concentration can indicate reliance on a small supplier base; it can also reflect specialized products that require careful validation.
Top import opportunities
Products and supplier context to review
The top 50 screened products are ranked by calculated three-year opportunity. Reported market values and calculated indicators are labeled separately.
| Rank | Product | Market size | Demand growth | Suppliers | Concentration | Top supplier | Projected imports |
|---|---|---|---|---|---|---|---|
| 1 | HS 710812Metals: gold, non-monetary, unwrought (but not powder) | $5.7BLatest imports | +24.8% | 9 | 9837 | RUSSlowing | $11.2B |
| 2 | HS 490700Unused postage, revenue or similar stamps of current or new issue in the country in which they have, or will have, a recognised face value: stamp-impressed paper: cheque forms: banknotes, stock, share or bond certificates and the like of similar title | $1.5BLatest imports | +34.4% | 10 | 9888 | AREDeclining | $3.0B |
| 3 | HS 710691Metals: silver, unwrought, (but not powder) | $373.9MLatest imports | +34.4% | 5 | 9995 | RUSDeclining | $730.3M |
| 4 | HS 271121Petroleum gases and other gaseous hydrocarbons: in gaseous state, natural gas | $435.3MLatest imports | +9.9% | 2 | 7327 | RUSAccelerating | $577.6M |
| 5 | HS 710231Diamonds: non-industrial, unworked or simply sawn, cleaved or bruted, but not mounted or set | $366.1MLatest imports | +42.2% | 16 | 4357 | RUSDeclining | $715.0M |
| 6 | HS 851712Telephones for cellular networks or for other wireless networks | $235.4MLatest imports | +25.6% | 40 | 3525 | VNMDeclining | $459.8M |
| 7 | HS 271012Product description unavailable | $155.7MLatest imports | +17.7% | 22 | 6002 | RUSStable | $253.9M |
| 8 | HS 271019Product description unavailable | $233.6MLatest imports | +11.7% | 54 | 3631 | RUSDeclining | $325.2M |
| 9 | HS 721420Iron or non-alloy steel: bars and rods, hot-rolled, hot-drawn or hot-extruded, containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling | $92.9MLatest imports | +27.1% | 6 | 6594 | IRNDeclining | $181.4M |
| 10 | HS 710239Diamonds: non-industrial, (other than unworked or simply sawn, cleaved or bruted), but not mounted or set | $132.2MLatest imports | +53.7% | 16 | 3020 | INDAccelerating | $258.3M |
| 11 | HS 271119Petroleum gases and other gaseous hydrocarbons: liquefied, n.e.c. in heading no. 2711 | $42.8MLatest imports | +37.3% | 6 | 9342 | RUSAccelerating | $83.6M |
| 12 | HS 847130Data processing machines: portable, digital and automatic, weighing not more than 10kg, consisting of at least a central processing unit, a keyboard and a display | $69.3MLatest imports | +21.4% | 42 | 4634 | CHNDeclining | $124.1M |
| 13 | HS 220820Spirits obtained by distilling grape wine or grape marc | $42.6MLatest imports | +25.8% | 16 | 8959 | GEODeclining | $83.3M |
| 14 | HS 902750Instruments and apparatus: using optical radiations (UV, visible, IR), (other than spectrometers, spectrophotometers and spectrographs) | $35.2MLatest imports | +35.7% | 39 | 8325 | INDDeclining | $68.8M |
| 15 | HS 030211Fish: trout (salmo trutta, oncorhynchus mykiss, oncorhynchus clarki, oncorhynchus aguabonita, oncorhynchus gilae, oncorhynchus apache and oncorhynchus chrysogaster), fresh or chilled (excluding fillets, livers, roes, other fish meat of heading no. 0304) | $32.6MLatest imports | +108.3% | 3 | 8452 | NORDeclining | $63.7M |
| 16 | HS 100199Cereals: wheat and meslin, other than durum wheat, other than seed | $54.7MLatest imports | +1.2% | 3 | 9964 | RUSDeclining | $56.8M |
| 17 | HS 870323Vehicles: spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 1500cc but not exceeding 3000cc | $110.1MLatest imports | +12.6% | 36 | 2011 | USADeclining | $157.2M |
| 18 | HS 870390Vehicles: for transport of persons (other than those of heading no. 8702) n.e.s. in heading no. 8703, including station wagons and racing cars | $27.7MLatest imports | +68.7% | 10 | 9689 | USAGrowing | $54.0M |
| 19 | HS 841191Turbines: parts of turbo-jets and turbo-propellers | $26.0MLatest imports | +24.7% | 10 | 9988 | AREDeclining | $50.4M |
| 20 | HS 870380Vehicles: with only electric motor for propulsion | $54.2MLatest imports | +94.9% | 22 | 2701 | AREDeclining | $105.9M |
| 21 | HS 630790Textiles: made up articles (including dress patterns), n.e.c. in chapter 63, n.e.c. in heading no. 6307 | $23.5MLatest imports | +29.3% | 61 | 8679 | RUSSlowing | $45.9M |
| 22 | HS 271320Petroleum bitumen: obtained from bituminous minerals | $30.0MLatest imports | +12.4% | 3 | 9804 | IRNAccelerating | $42.7M |
| 23 | HS 721049Iron or non-alloy steel: flat-rolled, width 600mm or more, (not corrugated), plated or coated with zinc (not electrolytically) | $25.1MLatest imports | +20.6% | 9 | 8486 | IRNDeclining | $44.1M |
| 24 | HS 180690Chocolate and other food preparations containing cocoa: n.e.c. in chapter 18 | $48.4MLatest imports | +12.3% | 46 | 3568 | RUSDeclining | $68.5M |
| 25 | HS 240120Tobacco: partly or wholly stemmed or stripped | $75.3MLatest imports | +21.4% | 25 | 1884 | INDDeclining | $134.7M |
| 26 | HS 271112Petroleum gases and other gaseous hydrocarbons: liquefied, propane | $23.9MLatest imports | +19.7% | 5 | 8991 | RUSDeclining | $41.0M |
| 27 | HS 701090Glass: carboys, bottles, flasks, jars, pots, phials and other containers of glass, (not ampoules), used for the conveyance or packing of goods | $29.7MLatest imports | +14.9% | 35 | 6483 | RUSStable | $45.0M |
| 28 | HS 151219Vegetable oils: sunflower seed or safflower oil and their fractions, other than crude, whether or not refined, but not chemically modified | $26.2MLatest imports | +11.3% | 8 | 9775 | RUSDeclining | $36.2M |
| 29 | HS 960910Pencils and crayons: with leads encased in rigid sheath | $18.4MLatest imports | +31.6% | 33 | 9810 | RUSDeclining | $36.0M |
| 30 | HS 847990Machines and mechanical appliances: parts, of those having individual functions | $23.6MLatest imports | +18.6% | 46 | 8080 | AREDeclining | $39.3M |
| 31 | HS 870410Vehicles: dumpers, designed for off-highway use, for transport of goods | $18.9MLatest imports | +56.6% | 5 | 8441 | BLRGrowing | $36.9M |
| 32 | HS 540333Yarn, artificial: filament, monofilament (less than 67 decitex), of cellulose acetate, single, not for retail sale, not sewing thread | $27.9MLatest imports | +87.1% | 2 | 6737 | BELAccelerating | $54.6M |
| 33 | HS 730661Iron or steel (excluding cast iron): tubes, pipes and hollow profiles (not seamless), welded, of square or rectangular cross-section, n.e.c. in chapter 73 | $20.9MLatest imports | +24.6% | 13 | 6476 | RUSDeclining | $40.3M |
| 34 | HS 252329Cement: portland, other than white, whether or not artificially coloured | $15.9MLatest imports | +28.0% | 3 | 9880 | IRNGrowing | $31.0M |
| 35 | HS 020714Meat and edible offal: of fowls of the species Gallus domesticus, cuts and offal, frozen | $47.8MLatest imports | +20.9% | 11 | 2572 | RUSSlowing | $84.4M |
| 36 | HS 590390Textile fabrics: impregnated, coated, covered or laminated with plastics, (excluding polyvinyl chloride, polyurethane and those of heading no. 5902) | $19.4MLatest imports | +40.8% | 30 | 6031 | SVKDeclining | $37.8M |
| 37 | HS 870324Vehicles: spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000cc | $61.1MLatest imports | +19.6% | 26 | 1777 | JPNDeclining | $104.5M |
| 38 | HS 870899Vehicle parts and accessories: n.e.c. in heading no. 8708 | $44.8MLatest imports | +13.7% | 50 | 2942 | USADeclining | $65.9M |
| 39 | HS 090111Coffee: not roasted or decaffeinated | $24.9MLatest imports | +23.3% | 32 | 3836 | IDNDeclining | $46.7M |
| 40 | HS 850220Electric generating sets: with spark-ignition internal combustion piston engines | $14.6MLatest imports | +28.2% | 14 | 9242 | DEUDeclining | $28.6M |
| 41 | HS 151790Edible mixtures or preparations of animal or vegetable fats or oils or of fractions of different fats or oils of this chapter, other than edible fats or oils of heading no. 1516 | $20.9MLatest imports | +19.5% | 22 | 6034 | RUSDeclining | $35.6M |
| 42 | HS 481092Paper and paperboard: multi-ply, coated with kaolin or other inorganic substances only, for non-graphic purposes, n.e.c. in heading no. 4810, in rolls or sheets | $18.0MLatest imports | +20.5% | 23 | 7129 | FINSlowing | $31.5M |
| 43 | HS 170199Sugars: sucrose, chemically pure, in solid form, not containing added flavouring or colouring matter | $23.7MLatest imports | +5.5% | 29 | 8982 | RUSDeclining | $27.9M |
| 44 | HS 230990Dog or cat food: (not put up for retail sale), used in animal feeding | $40.9MLatest imports | +23.6% | 29 | 1805 | ITADeclining | $77.3M |
| 45 | HS 852872Reception 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 | $26.7MLatest imports | +10.9% | 33 | 5106 | EGYSlowing | $36.4M |
| 46 | HS 621290Braces, suspenders, garters and similar articles: whether or not knitted or crocheted, n.e.c. in heading no. 6212 | $13.6MLatest imports | +23.9% | 26 | 9820 | RUSDeclining | $25.8M |
| 47 | HS 240391Tobacco: homogenised or reconstituted | $12.8MLatest imports | +45.1% | 10 | 9264 | ITAGrowing | $25.1M |
| 48 | HS 300490Medicaments: consisting of mixed or unmixed products n.e.s. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale | $109.5MLatest imports | +15.0% | 70 | 690 | DEUDeclining | $166.8M |
| 49 | HS 711319Jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof | $39.7MLatest imports | +32.2% | 28 | 1519 | AREGrowing | $77.6M |
| 50 | HS 841199Turbines: parts of gas turbines (excluding turbo-jets and turbo-propellers) | $12.9MLatest imports | +32.4% | 13 | 7795 | CHEDeclining | $25.1M |
Showing the five highest-ranked products on mobile. View the complete import opportunity data.
Product sectors
Which sectors carry the most demand?
HS2 sectors group the screened products into broader families for an easier first comparison.
| Sector | Products | Market size | Opportunity | Average growth |
|---|---|---|---|---|
| Precious stones and metalsHS2 71 | 5 | $6.6B | $12.4B | +37.5% |
| Printed matterHS2 49 | 1 | $1.5B | $3.0B | +34.4% |
| Mineral fuelsHS2 27 | 4 | $532.0M | $647.6M | +19.8% |
| HS2 sector 00HS2 00 | 2 | $389.2M | $382.2M | +14.7% |
| Electrical equipmentHS2 85 | 3 | $276.7M | $269.2M | +21.6% |
| VehiclesHS2 87 | 6 | $316.8M | $245.3M | +44.4% |
| MachineryHS2 84 | 4 | $131.8M | $188.1M | +24.3% |
| Iron and steelHS2 72 | 2 | $118.0M | $185.6M | +23.8% |
| BeveragesHS2 22 | 1 | $42.6M | $78.8M | +25.8% |
| TobaccoHS2 24 | 2 | $88.1M | $63.2M | +33.3% |
| Animal and vegetable fatsHS2 15 | 2 | $47.1M | $63.1M | +15.4% |
| Optical and medical instrumentsHS2 90 | 1 | $35.2M | $62.7M | +35.7% |
Supply gaps
Where supplier concentration deserves attention
The concentration index helps identify products where reported imports rely more heavily on a smaller supplier base. It is a screening signal, not a recommendation by itself.
| Product | Market size | Suppliers | Concentration | Top supplier | Share gap |
|---|---|---|---|---|---|
| HS 710691Metals: silver, unwrought, (but not powder) | $373.9M | 5 | 9995 | RUS | 100.0% |
| HS 841191Turbines: parts of turbo-jets and turbo-propellers | $26.0M | 10 | 9988 | ARE | 99.9% |
| HS 100199Cereals: wheat and meslin, other than durum wheat, other than seed | $54.7M | 3 | 9964 | RUS | 99.8% |
| HS 490700Unused postage, revenue or similar stamps of current or new issue in the country in which they have, or will have, a recognised face value: stamp-impressed paper: cheque forms: banknotes, stock, share or bond certificates and the like of similar title | $1.5B | 10 | 9888 | ARE | 99.4% |
| HS 252329Cement: portland, other than white, whether or not artificially coloured | $15.9M | 3 | 9880 | IRN | 99.4% |
| HS 710812Metals: gold, non-monetary, unwrought (but not powder) | $5.7B | 9 | 9837 | RUS | 99.2% |
| HS 621290Braces, suspenders, garters and similar articles: whether or not knitted or crocheted, n.e.c. in heading no. 6212 | $13.6M | 26 | 9820 | RUS | 99.1% |
| HS 960910Pencils and crayons: with leads encased in rigid sheath | $18.4M | 33 | 9810 | RUS | 99.0% |
Supplier landscape
Which supplier markets appear most often?
These supplier names come from the leading peer signal in the screened opportunity rows and should be validated at product level.
RUS
Russia
19 screened products
$13.6BCalculated opportunity across these rowsARE
United Arab Emirates
5 screened products
$3.1BCalculated opportunity across these rowsIRN
Iran (Islamic Republic of)
4 screened products
$258.6MCalculated opportunity across these rowsIND
India
3 screened products
$220.1MCalculated opportunity across these rowsVNM
Viet Nam
1 screened products
$216.1MCalculated opportunity across these rowsUSA
USA, Puerto Rico and US Virgin Islands
3 screened products
$137.9MCalculated opportunity across these rowsCHN
China
1 screened products
$80.3MCalculated opportunity across these rowsGEO
Georgia
1 screened products
$78.8MCalculated opportunity across these rowsFrequently asked questions
Using the Armenia import opportunity index
Definitions and practical guidance for interpreting market size, growth, suppliers, and concentration.
What are the import opportunities?
They are product and supplier combinations in Armenia's screened import market with substantial reported demand and calculated opportunity indicators. They are research priorities, not guaranteed savings or supply contracts.
What does supplier concentration mean?
The concentration index indicates how much reported imports rely on a smaller supplier base. A high value can suggest supply dependence, but it can also reflect specialized products or limited reporting.
How should sourcing teams use this page?
Start with products that fit your specification and volume needs, then validate suppliers, tariffs, standards, logistics, pricing, and continuity for Armenia.
Data source
OECD trade statistics with CEPII context
OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-30). 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.