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Armenia is the 90th largest export economy in the world. In 2016, Armenia exported $1.79B and imported $3.19B, resulting in a negative trade balance of $1.4B. In 2016 the GDP of Armenia was $10.5B and its GDP per capita was $8.82k.

The top exports of Armenia are Copper Ore ($370M), Rolled Tobacco ($210M), Hard Liquor ($147M), Gold ($140M) and Diamonds ($106M), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Petroleum Gas ($347M), Refined Petroleum ($198M), Unspecified ($146M), Diamonds ($125M) and Packaged Medicaments ($85.9M).

The top export destinations of Armenia are Russia ($372M), Bulgaria ($163M), Georgia ($141M), Iraq ($140M) and Germany ($135M). The top import origins are Russia ($957M), Germany ($206M), Georgia ($150M), China ($111M) and Italy ($104M).

Armenia borders Azerbaijan, Georgia, Iran and Turkey.

Economic Complexity of Armenia

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