Trade
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International Trade
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Trade Promotion Programme -
Focus: CIS
|
Back |
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
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
|
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