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International Trade
International Trade

Profiles of Countries in CIS Region

Armenia
KEY ECONOMIC INDICATORS
Population

2,971,650 July, 2007 est.
Annual average growth rate of Population (2007 est.) I-0.13%
Literacy Yr.2001 99.40%
Annual Rate of Inflation Yr. 2006 est. 2.9%
GDP (Yr. 2006) 6.6 billion US$
GDP growth rate (Yr. 2006) 13.4%
GDP Composition by Sector (Jan-Nov 2006 est.)
Agriculture 17.7%
Industry 42%
Services 40.3%
GDP (per capita) on purchasing power parity 2006 est. US$5,700
Currency Dram
Conversion Rate (drams per US dollar) (Yr. 2006) 414.69
Growth rate of various sectors Yr. 2006 Agriculture (21.4%) Industry (39.1%) Services (1296.1%)
Total export Yr. 2006 US$ 1003.96 million
Total import Yr. 2006 US$ 2194.35 million
Current Account Convertibility Full
Trade Route By Sea to Bandar Abbas (Iran) & by surface to Armenia
INDIA’S BILATERAL TRADE WITH ARMENIA

Value in million USD

Year 2001-2002 2002-2003 2003-2004 2004-2005 2005-2006 2006-2007 (Provisional Figures)
EXPORTS
India’s Total Export 43,826.73 52,719.43 63,842.97 83,535.94 103,090.54 126,331.10
Exports to Armenia 1.31 2.52 3.53 7.24 7.19 8.59
%Growth 91.43 40.14 105.28 -0.67 19.5
%Growth in India’s Exports 20.29 21.1 30.85 23.41 22.5
%Share in total exports 0.003 0.005 0.01 0.01 0.01 0.007
IMPORTS
India’s Total Import 51,413.29 61,412.13 78,149.61 111,517.44 149,165.73 190,566.00
Imports from Armenia 0.45 0.16 0.66 0.78 2.08 76.2
%Growth -64.56 311.19 17.53 167.67 3563.46
%Growth in India’s Imports 19.45 27.25 42.7 33.76 27.75
%Share in total imports 0.001 0.0003 0.001 0.0001 0.0001 0.04
TRADE BALANCE
with Armenia 0.86 2.36 2.87 6.47 5.12 67.61
with world -7,586.6 -8,693 -14,306.6 -27,981.5 -46,075.2 -64,234.9

Source : Directorate General of Commercial Intelligence & Statistics, Govt. of India

COMPARATIVE TREND ANALYSIS OF INDIA’S SHARE AS A SUPPLIER

Value in million USD

Year Global Imports Imports from India India’s %age share in
Armenia’s total Imports
EXPORTS
1997 754.44 0.67 0.09
1999 810.85 3.90 0.48
2000 840.26 95.47 0.65
2002 945.01 3.73 0.39
2003 1235.40 5.53 0.45
2004 1301.95 8.36 0.64
2005 1691.542 10.749 0.63
2006 2194.358 22.727 1.03
TOP 20 PRODUCT GROUPS OF GLOBAL IMPORTS OF ARMENIA (YR. 2004)

Value in million USD

HS Code Description Global Imports % age share of the Product Group in Armenia’s total Imports Value of Imports from India India’s %age Share %age Share of Intra- CIS Imports Top 3 Suppliers %age Share
27 Mineral fuels, oils, distillation products, etc 350.56 15.98 0 0 61.83 Turkmenistan 48.02
Romania 21.35
Iran 10.075
71 Pearls, precious stones, metals, coins, etc 312.46 14.24 2.82 0.90 7.72 Belgium 34.88
Israel 27.46
Austria 11.74
84 Nuclear reactors, boilers, machinery, etc 167.97 7.65 1.50 0.89 18.25 Russia 15.37
Italy 14.43
China 12.48
85 Electrical, electronic equipment 135.66 6.18 0.60 0.44 10.74 France 19.50
Greece 14.11
Germany 13.45
87 Vehicles other than railway, tramway 107.07 4.88 3.65 3.41 54.65 Russia 42.93
Germany 16.20
Japan 9.83
99 Commodities not elsewhere specified 100.08 4.56 0 0 0.39 Area Nes 99.16
Russia 0.39
Italy 0.20
10 Cereals 60.66 2.76 0.001 0.002 86.78 Russia 80.64
Pakistan 5.41
Ukraine 5.30
30 Pharmaceutical products 60.15 2.74 0.66 1.09 7.46 USA 35.30
Germany 8.11
France 7.18
39 Plastics and articles thereof 55.41 2.53 0.37 0.66 5.22 Turkey 25.87
Iran 14.13
China 8.99
73 Articles of iron or steel 54.87 2.50 0.03 0.05 18.54 Iran 15.26
Italy 14.76
Greece 13.02
24 Tobacco and manufactured tobacco substitutes 54.51 2.48 0.00 0.00 56.73 Ukraine 33.71
Russia 23.02
Greece 11.24
90 Optical, photo, technical, medical, etc apparatus 40.82 1.86 0.13 0.31 8.19 USA 30.141
Germany 13.56
Japan 10.04
76 Aluminium and articles there of 30.33 1.38 0.00 0.00 65.17 Russia 64.931
Turkey 17.64
Greece 6.00
48 Paper & paperboard, articles of pulp, paper and boardf 30.27 1.38 0.49 1.61 26.23 Turkey 15.68
Russia 13.25
Ukraine 11.82
15 Animal, vegetable fats and oils, cleavage products, etc 27.17 1.24 0.01 0.04 55.07 Ukraine 28.36
Russia 26.70
Iran 22.872
94 Furniture, lighting, signs, prefabricated buildings 24.87 1.13 0.00 0.00 5.51 China 30.49
Greecea 17.24
Italy 11.06
02 Meat and edible meat offal 24.22 1.10 10.09 41.67 0.07 India 41.67
Brazil 29.80
USA 11.04
40 Rubber and articles thereof 22.93 1.04 0.12 0.53 73.29 Russia 53.24
Ukraine 12.76
Belarus 7.24
44 Wood & articles of wood, wood charcoal 22.07 1.01 0.00 0.00 16.73 Turkey 30.99
Georgia 23.57
Russia 8.16
TOP COMMODITIES OF COUNTRY’S EXPORTS TO INDIA (YR.2006)

Value in million USD

HS Code Description Global Exports Exports to India India’s %age Share in Total Exports of The Country
40 Rubber and articles thereof 24.47 0.40 1.61
72 Iron and steel 167.48 0.11 0.07
52 Cotton 0.84 0.03 3.22
71 Pearls, precious stones, metals, coins, etc 319.78 0.01 0.004
74 Copper and articles thereof 77.19 0.01 0.02
TOP 20 PRODUCT GROUPS OF INDIA’S EXPORTS TO ARMENIA

Value in million USD

HS Description India’s Global Exports India’s Exports to Armenia Armenia’s %age share in India’s Exports of the item Rank of the Product Group in top 20 of Armenia’s Global Imports
87 Vehicles, Not Railway 3665.69 3.39 0.09 5
71 Precious Stones, Metals 15914.58 2.38 0.01 2
02 Meat 696.03 1.98 0.28 18
30 Pharmaceutical Products 3000.65 0.40 0.01 9
84 Machinery 4979.45 0.19 0.004 3
68 Stone, Plaster, Cement, etc 779.17 0.14 0.02
08 Edible Fruit And Nuts 857.76 0.11 0.01
94 Furniture And Bedding 385.79 0.09 0.02 17
20 Preserved Food 194.30 0.08 0.04
29 Organic Chemicals 5792.06 0.06 0.001
73 Iron/Steel Products 3240.16 0.06 0.002 11
04 Dairy, Eggs, Honey, etc 193.42 0.04 0.02
85 Electrical Machinery 3757.62 0.04 0.001 4
38 Misc. Chemical Products 1102.82 0.03 0.003
09 Spices, Coffee And Tea 1125.93 0.03 0.003
05 Other Of Animal Origin 40.56 0.03 0.06
22 Beverages 64.05 0.02 0.04
90 Optic, Not 8544;Med Instrument 789.22 0.02 0.002 13
48 Paper, Paperboard 435.57 0.02 0.004 15
40 Rubber 1195.88 0.01 0.001 19

Detailed Analysis (at 4 digit HS Code Level) for top 4 Product Groups of India’s Exports to Armenia: Global Imports, Imports from India, Intra-CIS Imports, Potential Trade & Top 3 suppliers .

Top 4 Product Groups namely Vehicles, not railways, Precious stones, Meat & Pharmaceuticals constitute 89.03% share in India’s total Exports to Armenia

TOP 4 DIGIT ITEMS OF GLOBAL IMPORTS OF ARMENIA FOR VEHICLES NOT RAILWAYS (HS CODE 87) YEAR 2006

Value in million USD

HS Code Description Global Import Value %age Share of the item in Country’s Imports of the Product Group Value of Imports from India India’s Global Exports Value of Intra – CIS Imports Potential Trade for India Top 3 Suppliers %age Share
8703 Cars (including station wagon) 55.94 52.25 0.09 1050.61 25.77 55.86 Russia 45.98
Germany 18.71
Japan 17.51
8704 Trucks motor vehicles for the transport of goods 26.28 24.54 0.02 201.41 16.93 26.25 Russia 32.67
Belarus 31.75
Germany 20.47
TOP 4 DIGIT ITEMS OF GLOBAL IMPORTS OF ARMENIA FOR PRECIOUS STONES, METALS (HS CODE 71) YEAR 2006

Value in million USD

HS Code Description Global Import Value %age Share of the item in Country’s Imports of the Product Group Value of Imports from India India’s Global Exports Value of Intra – CIS Imports Potential Trade for India Top 3 Suppliers %age Share
7102 Diamonds, not mounted or set 223.36 71.49 2.82 10460.54 1.90 220.55 Belgium 48.80
Israel 38.40
Switzerland 3.04
7108 Gold unwrought or in semi- manuf forms 85.03 27.21 01.0 1.01 22.10 1.01 Austria 43.10
Russia 25.99
USA 20.97
TOP 4 DIGIT ITEMS OF GLOBAL IMPORTS OF ARMENIA FOR MEAT & EDIBLE MEAT OFFAL (HS CODE 02) YEAR 2006

Value in million USD

HS Code Description Global Import Value %age Share of the item in Country’s Imports of the Product Group Value of Imports from India India’s Global Exports Value of Intra – CIS Imports Potential Trade for India Top 3 Suppliers %age share
0202 Meat of bovine animals, frozen 10.219 42.19 10.094 655.6 0 0.125 India 98.78
Australia 0.72
Brazil 0.50
0207 Meat & edible offal of poultry meat 6.309 26.04 0 0.78 0 0.78 USA 42.38
Brazil 0.50
Canada 37.76
TOP 4 DIGIT ITEMS OF GLOBAL IMPORTS OF ARMENIA FOR PHARMACEUTICAL PRODUCTS (HS CODE 30) YEAR 2006

Value in million USD

HS Code Description Global Import Value %age share of the Item in Country’s Imports of the Product Group Value of Imports from India India’s Global Exports Value of Intra – CIS Imports Potential Trade for India Top 3 Suppliers %age share
3004 Medicament mixtures (not 3002, 3005,3006),put in dosage 44.068 73.27 0.6 2458.59 2.397 43.468 USA 23.94
Germany 10.10
France 9.24
3006 Pharmaceutical goods, specified sterile products sutures, laminaria, blood- grouping 9.622 15.99 0 20.11 0.023 9.622 USA 94.72
Germany 1.20
France 0.58
TRADE FAIRS & EXHIBITIONS IN ARMENIA

Value in million USD

City / Location Event Name & Details Date
Yerevan Logos Expo Center EDUCATION AND CAREER Education and Career Exhibition & Forum 01.11 – 03.11 2007
– Do – EXPO BEAUTY Beauty Expo 23.11 – 25.11 2007
– Do – INTERPRINT
Polygraph, Advertisement, Design, Packing International specialized Exhibition		 Mar-08
– Do – WORLD OF CHILDHOOD
Childhood International specialized Exhibition		 19.03 – 21.03 2008
– Do – BUILDING AND RECONSTRUCTION EXPO
Building and Reconstruction Exhibition		 Apr-08
Useful Websites
  • developmentgateway.org/ : Armenian Development Gateway – Internet Resou rces and news on Armenia
  • www.Spyur.am : Yellow pages & business directory
  • www.armbusiness.am : Armenian Business Information Centre
  • www.customs.am : Customs services of Armenia
  • www.cba.am : Central Bank of Armenia
  • www.armenian.com : Armenian directory yellow pages
KEY CONTACTS
Mrs. Reena Pandey
Dr. Ashot Kochariany
  • Ambassador Extraordinary & Plenipotentiary
  • Embassy of Republic of Armenia
  • 133, Block – D, Anand Niketan
  • New Delhi- 110021
  • Telephone: 91-11-24112851/52
  • Fax: 91-11-24112853
  • Email: armemb@vsnl.com
  • Website: www.indianembassy.am