Armenia's import market comprises a diverse range of products, with the top 10 largest imports revealing a focus on automobiles, fuel and petroleum products, electrical machinery, and mineral fuels. Russia plays a crucial role in Armenia's import market, while China and European countries like Germany also stand out as significant trade partners. As Armenia's economy continues to grow, its reliance.
Armenia, a landlocked country situated in the South Caucasus region of Eurasia, has experienced significant economic growth and liberalization since gaining independence in 1991. As a result, the nation's import market has expanded to accommodate various goods and products. This article investigates the top 10 largest imports in Armenia, offering insights into the most recent volume and dollar values, and identifying the primary countries of origin for these goods.
Automobiles: Automobile imports play a significant role in Armenia's import market. In 2021, the country imported vehicles worth approximately $260 million. The majority of these imports come from countries such as Russia, Japan, and Germany, with Russian Lada, Japanese Toyota, and German BMW being popular brands in the Armenian market.
Cereals: Cereals are a vital import for Armenia, with the country importing cereals worth around $180 million in 2021. The leading sources of cereals are Russia, Ukraine, and Kazakhstan. Wheat is the most imported cereal, used for bread production and other food products.
Electrical Machinery and Equipment: Armenia imported electrical machinery and equipment worth approximately $200 million in 2021. These imports include electrical transformers, motors, generators, and other appliances. China, Russia, and Germany are the main countries supplying Armenia with these goods.
Fuel and Petroleum Products: In 2021, Armenia imported fuel and petroleum products worth around $500 million. The country relies heavily on imports to meet its energy needs, with the majority of these products coming from Russia, Iran, and Kazakhstan.
Iron and Steel: Armenia imported iron and steel products worth approximately $220 million in 2021. The country sources these materials primarily from Russia, Turkey, and Ukraine, using them for construction and infrastructure development.
Medicinal and Pharmaceutical Products: In 2021, Armenia imported medicinal and pharmaceutical products valued at around $150 million. The majority of these imports come from European countries, including Germany, France, and Switzerland, as well as Russia and India, which is a significant supplier of generic drugs.
Mineral Fuels: Mineral fuels, including coal and natural gas, are essential imports for Armenia, totaling around $300 million in 2021. The primary sources for these imports are Russia, Iran, and Turkmenistan.
Plastics and Plastic Products: Plastics and plastic products are another significant import category for Armenia, with a total value of approximately $180 million in 2021. The primary countries supplying Armenia with these goods are Russia, Iran, and Turkey.
Precious Metals and Stones: Precious metals and stones, including gold and diamonds, accounted for around $190 million in imports in 2021. Armenia imports these goods primarily from Switzerland, Russia, and the United Arab Emirates.
Telecommunications Equipment: Telecommunications equipment, including mobile phones and other devices, amounted to around $230 million in imports in 2021. China, Russia, and Germany are the main sources for these products.
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