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Artifact Agency
ArmeniaUpdated 18 September 2026
$13.0B

of imports in 2025, down 23.6% in a year as gold transit drops out of the figures; in 2024 precious metals were 43% of the import bill, per the Statistical Committee

Armenia: why $13 billion of imports is not the size of the market

Armenia imported $13.03 billion of goods in 2025, but that figure does not measure the market. In 2024, 43% of the import bill was precious metals and stones that never stayed in the country and moved on to the UAE and Hong Kong. In 2025 that flow shrank, but it is still in the annual total.


What is inside the figure

The Statistical Committee published its annual figures on 11 February 2026: foreign trade of $21.43 billion, down 29% on 2024; exports of $8.40 billion, down 36.1%; imports of $13.03 billion, down 23.6%.

Now the composition. Finport, citing the Statistical Committee, tracked the trade year by year, and you can watch a market stop being itself.

Armenia's imports of precious metals and stones

  • 2022$690.8M
  • 2023$2.3B
  • 2024$7.4B

Statistical Committee of Armenia via Finport.am, 05.02.2025. In 2024 this was 43% of the country's entire import bill

The metal did not stay. Eurasianet, citing Arminfo, showed the mechanics in June 2025 with one pair of numbers: $7.4 billion imported against roughly $8 billion exported. Finport puts the export side at $8.04 billion off the same statistics. The margin is too thin for anything to have been made in between. Russian gold and stones moved on to the UAE and Hong Kong, and Armenia was a stretch of road.

Then the road closed. Over January to April 2025 those imports came to $740 million, and total trade turnover fell 53%.

A minus-29% year does not mean Armenian companies started buying less. The transit left the statistics.

What to divide instead

The ceiling on demand here is read off your own product group in the customs data: part of the total import bill was never goods for an Armenian buyer.

The EAC certificate applies, but there is no shared border with the union

Armenia has been in the Eurasian Economic Union since 2 January 2015. An EAC certificate or declaration obtained for Kazakhstan is valid here, as it is across all five member states, according to certification firms such as Schmidt & Schmidt. You will not budget for a second certification.

The road is the harder part. Armenia shares no land border with any member of the union: its neighbours are Georgia, Turkey, Iran and Azerbaijan. Anything moving between Yerevan and the rest of the EAEU crosses non-member territory or flies. A distributor who serves Bishkek from Almaty will not serve Yerevan from there, and that is taken into account when the contract sets out the distributor's countries.

The one market of the seven where Facebook leads

On six of the markets we have figures for, Instagram outreaches Facebook, usually by a wide margin. Armenia breaks the pattern.

Facebook and Instagram: Armenia and Kyrgyzstan

Armenia
Kyrgyzstan
Facebook
1.65M

56.0% of the population

938K

12.8% of the population

Instagram
1.45M

49.2% of the population

3.90M

53.3% of the population

DataReportal, Digital 2026 for both countries. Platform advertising reach, not active users. The 12.8% is our own arithmetic: 938 thousand against a population of 7.32 million

DataReportal's report of 8 November 2025 counts 2.36 million internet users, 80.0% of the population, and 1.65 million social media user identities. A media plan written for Kazakhstan sends the money to the platform with the smaller audience here. Telegram is absent from the report; the platform publishes no figures of its own.

Language

The folder of Russian-language material you put together for Kazakhstan gets opened and read here; negotiations with Armenian companies have run in Russian for us. Armenian comes in once the product reaches the shelf and the end buyer, and that means a full translation. Whether a market this size warrants a site of its own is a question we took apart in the Journal.

When the market gathers

LOGOS EXPO Center has thirteen shows, among them Armenia EXPO, Build EXPO, Industrial Armenia EXPO and Inter Food EXPO, set for 10-12 September 2027. All of them run in parallel at the Karen Demirchyan Complex in Yerevan. A manufacturer covers several sectors in one trip, and the next such week comes a year later.

What we do in Armenia

We calculate demand off your product group, put together the list of companies already bringing that group in, and write to them in Russian. We run Armenia as a country of its own: the certificate from Kazakhstan applies here, while the route and the timings are separate.

That runs in the monthly format, from $10,000 a month, or in the distributor search for a fee and a percentage: $2,200 plus a percentage of orders in month one, then the percentage only.

Sources

  1. 01The Statistical Committee published its annual figuresarmenpress.am
  2. 02Finport, citing the Statistical Committeefinport.am
  3. 03Eurasianet, citing Arminfoeurasianet.org
  4. 04since 2 January 2015mfa.gov.by
  5. 05Schmidt & Schmidtschmidt-export.com
  6. 06DataReportal's report of 8 November 2025datareportal.com
  7. 07LOGOS EXPO Centerexpo.am

Who wrote this

Galina SorokinaFounder, Artifact, Almaty

The Artifact team writes the Journal and the market briefings, and Galina signs them. Every figure is checked against its source before publication.

Related

Month one: setupThe month we build everything: a site in Russian, the company profile, social accounts, SEO, the marketing strategy, a first read of demand and competitors, photo and video. Ads and outreach switch on in month two. Part of the monthly format, from $10,000 a month.

Next step

Thinking about this market?

Three ways to start: the monthly format, distributor search for a fee and a percentage, or our team at your stand at a trade show in Almaty or Astana.