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Home :: Trade Leads By Country : Armenia


Armenia, Countries by TradeArmenia, Countries by Trade


Armenia has been time and again acknowledged as one of the cradles of civilization that has a lot of ontribution in all aspects and is also considered to be a very beautiful country with warm and sophisticated people and a long and cultured history. As a result, Armenia is an intriguing tourist destination. Numerous monuments and masterpieces of the Ancient era and Middle Ages can be found throughout the country.They are scintillating and take you back to the historic times that existed in this country and also the monasteries of Haghpat and Sanahin have been given the status of world heritage sites. There are a lot of places that one can visit like the resorts of Lake Sevan,the hot springs of Arzni and Jermuk, the forests of Dilijan, Aghveran, Tsaghkadzor, Bjurakan and Gugark, and the mountainous natural caves and cliffs of the Southeast region.

Business and Economy

Under the old Soviet central planning system, Armenia had developed a modern industrial sector.This modernisation has changed the pace and lifestyle in Armenia and the Growth in the economy is very evident by the GDP that it shows up every year.This modernisation is Armenia has a lot of benefits and they take part in supplying machine tools, textiles, and other manufactured goods to sister republics in exchange for raw materials and energy. Since the implosion of the USSR in December 1991, Armenia has switched to small-scale agriculture away from the large agroindustrial complexes of the Soviet eraThough the agriculture industry does exist it is not in a very substantial way and the privitastion is also very slow here.

Major Cities

The major cities in Armenia that a visitor can explore and move around in are Yerevan, Vanadzor, Gyumri ,Vagharshapat, Hrazdan, Abovyan ,Armavir, Kapan ,Gavar ,Artashat Charentsavan ,Sevan, Dilijan ,Alaverdi, Artik, Goris, Ijevan ,Stepanavan, Ararat.

Fact Sheet

GDP- purchasing power parity - $11.79 billion (2003 est.)
GDP - real growth rate: 9.9% (2003 est.)
GDP - per capita: purchasing power parity - $3,900 (2003 est.)
GDP - composition by sector:
agriculture: 23.1%
industry: 35.4%
services: 41.5% (2002 est.)
Population below poverty line: 50% (2002 est.)
Household income or consumption by percentage share:
lowest 10%: 2.3%
highest 10%: 46.2% (1999)
Distribution of family income - Gini index: 44.4 (1996)
Inflation rate (consumer prices): 4.3% (2003 est.)
Labor force: 1.4 million (2001)
Labor force - by occupation: agriculture 45%, services 30%, industry 25% (2002 est.)
Unemployment rate: 20% (2001 est.)
revenues: $402 million
expenditures: $482 million, including capital expenditures of $NA (2003 est.)
Industries: diamond-processing, metal-cutting machine tools, forging-pressing machines, electric motors, tires, knitted wear, hosiery, shoes, silk fabric, chemicals, trucks, instruments, microelectronics, jewelry manufacturing, software development, food processing, brandy.
Industrial production growth rate: 15% (2002 est.)
Electricity - production: 6.479 billion kWh (2001)
Electricity - production by source:
fossil fuel: 42.3%
hydro: 27%
other: 0% (2001)
nuclear: 30.7%
Exports: $735 million f.o.b. (2003 est.)
Exports - commodities: diamonds, mineral products, foodstuffs, energy
Exports - partners: Belgium 21.9%, Israel 16.4%, Russia 14.7%, Iran 11.2%, US 8.4%, Germany 6.6% (2002)
Imports: $1.18 billion f.o.b. (2003 est.)
Imports - commodities: natural gas, petroleum, tobacco products, foodstuffs, diamonds
Imports - partners: US 14.1%, Russia 11.9%, Belgium 11.3%, Israel 10%, Iran 9.5%, UAE 5.7%, Germany 5.1%, Italy 4.5%, Ukraine 4.2% (2002)
Debt - external: $905 million (June 2001)
Economic aid - recipient: ODA $170 million (2000)
Currency: dram (AMD)
Currency code: AMD
Exchange rates: drams per US dollar - 578.76 (2002), 555.08 (2001), 539.53 (2000), 535.06 (1999)
Fiscal year: calendar year

Latest Trade Leads of this Category
Posted on
21 Nov
I would like to know whether you can supply us with 1000 pairs of men winter plain socks every week. Please let me know the price for this deal and the transportation charges to Yerevan (Armenia).

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