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Armenia is the 125th largest export economy in the world. In 2017, Armenia exported $2.44B and imported $3.96B, resulting in a negative trade balance of $1.52B. In 2017 the GDP of Armenia was $11.5B and its GDP per capita was $9.6k.

The top exports of Armenia are Copper Ore ($846M), Rolled Tobacco ($231M), Hard Liquor ($203M), Gold ($142M) and Aluminium Foil ($119M), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Petroleum Gas ($325M), Refined Petroleum ($216M), Packaged Medicaments ($149M), Diamonds ($121M) and Broadcasting Equipment ($96.9M).

The top export destinations of Armenia are Russia ($569M), Bulgaria ($281M), Switzerland ($236M), Georgia ($210M) and China ($131M). The top import origins are Russia ($1.14B), China ($455M), Turkey ($219M), Germany ($176M) and Iran ($162M).

Armenia borders Azerbaijan, Georgia, Iran and Turkey.

Economic Complexity of Armenia

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