Projecting 2026: A Deep Dive into Armenia Imports

Import values show a consistent upward trajectory. Between 2020 and 2024, the market expanded significantly, rising from 4.43 billion to over 16.79 billion. This represents a nearly fourfold increase in just five years, indicating robust domestic demand and rapidly accelerating trade activity.

The import landscape is heavily concentrated. HSCode 710812 (Gold) leads with a dominant value of 5.94 billion, followed by 852520 at 822 million. Precious metals and electronics are the primary drivers, with gold-related imports representing the most significant portion of the total trade value.

Russia dominates the market with a 64.99% share, totaling 9.24 billion. China follows as the second-largest supplier at 11.74%, while Vietnam and Iran hold smaller shares of 6.2% and 4.42% respectively. Armenia's trade shows high concentration and dependency on the Russian market.

Libya dominates emerging growth with a 100% growth rate, increasing from $480 to over $8.1 million. Mozambique also shows strong performance at 28.04%. In contrast, Saint Lucia and Mongolia exhibit much slower growth trajectories, both under 2%. The data suggests a massive surge in trade volume from specific African partners compared to more stagnant growth in other regions.