International Trade in Armenia

International Trade in Armenia

Like other CIS (Commonwealth of Independent States) countries, Armenia's economy suffered, at the beginning, from the legacy of a centrally-planned economy and the breakdown of the former Soviet trading models. However, the government was able to carry out wide-ranging economic reforms... Read more

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Market Analyses About Armenia (0)

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Import and Export Services in Armenia (114)

  • GA Global Solutions

    GA Global Solutions

    Web Marketing Services, Armenia

    GA Global Solutions is an offshore leading company specialized exclusively building flexible e-commerce solutions for worldwide clients...
  • MRP-EURASIA

    MRP-EURASIA

    Market Research, Armenia

    Who we are “Market Research & Polls – EURASIA” (MRP-EURASIA) - Market research services company in CEE FSU CA...

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Agents and Distributors in Armenia (2)

  • Ewell Medical

    Ewell Medical

    Medical Products Sales and Distribution, Armenia

    Ewell Medical Co., Ltd. was established to supply aesthetic and medical products to partners around the world. Our main products are PDO...
  • Armo Tech

    Armo Tech

    Military Sales and Contracting, Armenia

    We take this opportunity to introduce ourselves as one amongst fast growing group of companies active in the import, and indenting of...

Overview About International Trade in Armenia

Main Industry Sectors

Agriculture accounts for 18% of the Armenian GDP and employs 45% of the active population.  Armenia mainly produces wheat, potatoes, citrus fruits and wine grapes. Cotton and tobacco are the most important industrial crops.

The industrial sector contributes 33% to the GDP and employs 15% of the population.  Armenia has copper, molybdenum, bauxite, zinc, lead, iron, gold, and mercury deposits, which provide the basis for the country's chemical industry sector and these are the pillars of its exports.  In 2009, the growth rate of the industrial production dropped 12%. The mining products constitute 40% of Armenian exports, textiles also play an important role in this sector.

Lastly, the tertiary sector contributes around 50% to the GDP. New sectors such as information technology and communications, jewelry making and even tourism are beginning to complete the traditional sectors (agriculture and textile).  Armenia depends on its neighbors (namely Russia) for its energy needs (oil and gas). Hydroelectricity is very well developed in the country, to the point that Armenia is now exporting it.  Jewelry making and the size of its diamonds are acknowledged as a stable d...

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