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Export Market

Armenia

ISO: AM / ARM

Country Profile

Capital Yerevan
Population 3.1M
GDP $26.0B (2024)
GDP per Capita $8,556
Income Level Upper-Middle Income
Currency Armenian dram (AMD ֏)
Language Armenian
Timezone UTC+04:00
Region Asia · Western Asia

Trade Partners

Armenia Exports To

  • Russia 37.0%
  • UAE 25.0%
  • Hong Kong 7.0%
  • China 5.0%
  • Georgia 4.0%

Key exports: gold, diamonds, copper ore, broadcasting equipment, jewelry (2023)

Armenia Imports From

  • Russia 29.0%
  • China 12.0%
  • Vietnam 6.0%
  • Georgia 5.0%
  • Iran 4.0%

Key imports: cars, gold, diamonds, broadcasting equipment, natural gas (2023)

Economic Overview

upper-middle income, fast-growing Caucasus economy; stable fiscal and monetary regime but vulnerable to geopolitical shocks; economic and energy ties to Russia but seeking more EU and US trade; key copper and gold exporter; business-friendly and anti-corruption reforms; persistent unemployment; influx of migrants from Ukraine war easing

Government: parliamentary democracy; note - constitutional changes adopted in December 2015 transformed the government to a parliamentary system

UK Trade Status

No FTA

There is currently no free trade agreement between the UK and Armenia. Standard WTO terms apply.

Geographic Region

Eastern Europe and Central Asia

Trading Bloc Memberships

Armenia is a member of the following trade agreements and economic blocs.

EAEU Eurasian Economic Union Economic Union CIS Commonwealth of Independent States Economic Union

Export Guidance

Relevant guidance for exporting to Armenia.

Start Your Export Journey

Export to the EU after Brexit Start exporting from the UK Manage your export compliance

Also in This Region

🇦🇿 Azerbaijan 🇧🇾 Belarus 🇬🇪 Georgia FTA 🇰🇿 Kazakhstan 🇰🇬 Kyrgyzstan 🇲🇩 Moldova FTA 🇷🇺 Russia 🇹🇯 Tajikistan

Official Resources

Government export support for Armenia.

great.gov.uk Market Guide → GOV.UK Country Information →
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