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Sunday, April 30, 2017
Economy
Inside
THE ECONOMY IN ARMENIA
BEFORE
UNCHARTED TERRITORY
CURRENT ECONOMIC SITUATION
FOREIGN TRADE
POTENTIAL
GENERATIONS

THE BANKING SYSTEM IN ARMENIA
THE TAX SYSTEM IN ARMENIA



Links
Bisnis Trade Report
Trade Balance US- Armenia
World Bank Armenia Report
IMF Armenia Report
Interfax: Armenia
CIA Factbook: Armenia
Armenian Embassy: Business and Economy
BSEC (Black Sea Economic Cooperation Business Council) Site


FOREIGN TRADE

Tour Armenia
Updated 2017

Armenia's exports during the last three years have been dominated by gold and jewelry, non-precious metals and minerals, and machinery. In 1995, precious and semi-precious stones, precious metals and jewelry accounted for approximately 34% of total exports.  Machinery and equipment accounted for 14.8 %, base metals and articles thereof for 11.6%, mineral products for 10.9%, textiles and articles thereof for 5.7%, and foodstuffs for 4.8%.

Food and energy have come to dominate the import bill as effective demand for industrial raw materials has been squeezed by the economic crisis. The countries of the former Soviet Union (FSU) continue to comprise a substantial part of Armenia's trading partners, Russia and Turkmenistan being by far the most important FSU countries of import origin and export destination.




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