Insights into Armenia Export Data and Shipment Data

Armenia is a landlocked nation in Transcaucasia that is ideally situated in northwest Asia, directly south of the majestic Caucasus Mountain range. Armenia shares its southwestern border with the Azerbaijani exclave of Naxçıvan, while Georgia and Azerbaijan border it to the east and north, and Iran and Turkey border it to the west and southeast. Yerevan (Erevan), the capital, is the center of the country's culture and economy. Armenia maintains a negative trade balance, exporting fewer goods than it imports. Ranked as the 104th largest exporter globally,

Armenia’s economic complexity secures its position as 66th in the world. The country's export-driven growth primarily depends on products such as copper ores, diamonds, gold, cigars, and ethyl alcohol, which together constitute over half of its total exports. Here’s a more engaging breakdown of Armenia’s export scene in 2023:

• Record-Breaking Exports: Armenia's exports soared to a whopping $8.4 billion this year, marking an impressive 58% jump from 2022.

• A Strong Contribution to GDP: With a total GDP of $24.21 billion, exports are not just a sideline act—they make up a hefty 58.18% of the country's economic output.

• Shiny Treasures Lead the Pack: Precious stones, metals, and pearls took the spotlight as Armenia's top export commodities. Imagine the sparkle and beauty of these treasures making their way across borders!

• Russia: A Key Ally: When it comes to trade partners, Russia stands out as Armenia's largest export destination. This relationship plays a crucial role in shaping Armenia’s trade landscape.

• Global Connections: Armenia’s membership in important trading blocs like the WTO, EAEU, and CIS is like having a VIP pass to the global market.

• Understanding Trends: By diving into Armenia's customs data for 2023, we can uncover valuable insights into the key export trends, leading commodities, and major trade partners.

Armenia Export Data Major Highlights

• Rank 104: Armenia is the 104th largest global exporter, signifying its growing role in international trade.

• 0.1% Global Export Share: With a 0.1% contribution to global exports, Armenia’s presence in international markets is steadily increasing.

• Largest Export Partner - Russia: Russia dominates as Armenia’s primary export destination.

• Precious Stones and Metals: These are Armenia’s most valuable export commodities, significantly contributing to the economy.

Major Components of Armenia Customs Export Data

Armenia export data encompasses detailed information about goods shipped to foreign markets. This includes:

• Date: The date of shipment.

• Exporter Name: Name of the Armenian exporter.

• Foreign Buyer Name: Name of the importing party.

• Destination: Final destination of the exported goods.

• Product Description: Details of the exported product.

• HS Code: Harmonized System code for the product.

• Quantity and Unit: Amount of the product and its measurement unit.

• Value: Monetary worth of the shipment.

• Port: Port of departure.

Get Access to Live Armenia Customs Export Shipment Data

Quick Search live Armenia shipment data with TradeImeX, which provides real-time updates on over 1,650,000 active export shipments by HS code and destination.

Armenia's Top 10 Export Products | Armenia Export Data by HS Code

Armenia’s top exports are integral to its economic stability and development. The top 10 export categories for 2023, based on Armenia customs data, include:

1. Precious stones, metals (HS code 71): 38.37% ($3.21 billion)

2. Electrical machinery and equipment (HS code 85): 11.8% ($988.16 million)

3. Ores, slag, and ash (HS code 26): 9.59% ($802.85 million)

4. Vehicles (HS code 87): 6.18% ($517.14 million)

5. Tobacco (HS code 24): 4.55% ($380.65 million)

6. Beverages, spirits, and vinegar (HS code 22): 4.5% ($377.05 million)

7. Nuclear reactors and machinery (HS code 84): 3.61% ($302.57 million)

8. Iron and steel (HS code 72): 3.48% ($291.03 million)

9. Articles of apparel, not knitted or crocheted (HS code 62): 2.71% ($226.88 million)

10. Optical, medical, or surgical instruments (HS code 90): 1.52% ($127 million)

Armenia's Top 10 Export Partners | Armenia Exports Data by Country

Armenia’s economy relies heavily on trade partnerships, extending from neighboring countries to global economies. The top 10 export partners in 2023, according to Armenia customs data, include:

1. Russia: 40.4% ($3.38 billion)

2. United Arab Emirates: 26.6% ($2.22 billion)

3. Hong Kong: 8% ($668.41 million)

4. China: 5.1% ($425.30 million)

5. Netherlands: 2.8% ($234.11 million)

6. Iraq: 2.2% ($180.57 million)

7. Georgia: 1.6% ($133.54 million)

8. Bulgaria: 1.2% ($97.37 million)

9. Belgium: 1.1% ($94.53 million)

10. Iran: 1.1% ($94.46 million)

Explore Armenia Customs Data for Export Trade

Armenia export data is a comprehensive compilation of information about the products that Armenia exports to other nations. The Armenian trade statistics provide a wealth of information for companies, analysts, and decision-makers regarding the volume, value, origins, and types of exports. According to Armenian customs data, the nation exported $8.4 billion worth of commodities in 2023. We give you access to extremely useful and useful information about Armenia's trade records, including shipment data and trade statistics. Shipping bills, invoices, and other significant transaction records—all of which have since been updated—are the source of all the data in our database. We obtain accurate information from Armenia's customs ports, shipping manifests, and government authorities. Armenia's export data are made up of numerous fields, including HS codes, product descriptions, prices and volumes, port names, and currency values.

Advantages of Armenia Export Data

Armenia export data offers actionable insights for businesses, policymakers, and analysts. Some benefits include:

• Market Expansion: Identify opportunities to grow your business in the Armenia export market.

• Product Demand Analysis: Understand the latest product demand trends in the global market.

• Strategic Marketing: Develop data-driven marketing strategies using Armenia shipment data.

• Brand Positioning: Build a strong brand identity in Armenia and beyond.

• Future Planning: Leverage export data insights to enhance ROI and set future business goals.