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Trade Promotion Programme - Focus: CIS

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Profiles of Countries in CIS Region

Armenia

KEY ECONOMIC INDICATORS

Population 

 July, 2007 est.

2,971,650

Annual average growth rate of Population (2007 est.)

 

-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

1997

754.44 0.67 0.09

1999

810.85 3.90 0.48

2000

840.26 5.47 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   10.07
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  
72 Iron and steel   63.02 2.87 0.02 0.03 66.11 Ukraine 61.62  
Turkey 14.74  
Iran 12.95
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 30.14  
Germany   13.56
Japan   10.04
76 Aluminium and articles there of   30.33 1.38 0.00 0.00 65.17 Russia   64.93
Turkey   17.64
Greece 6.00
48 Paper & paperboard, articles of pulp, paper and board   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 22.87
94 Furniture, lighting, signs, prefabricated buildings 24.87 1.13 0.00 0.00 5.51 China 30.49
Greece 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

Canada

0.50

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

France

10.10

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

France

1.20

0.58

TRADE FAIRS & EXHIBITIONS IN ARMENIA 

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

www.Gateway.am  

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
Ambassador
Embassy of India
50/2, Dzorapi Street
Yerevan-375019
Telephone: 00-374-10-539173-5
Fax: 00-374-10-533984
E-mail: ambassador@embassyofindia.am
Website: www.indianembassy.am 

Dr. Ashot Kocharian
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
E-mail: armemb@vsnl.com 

 
Copyright 2006, Department of Commerce, all rights reserved

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