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Who does Armenia rely on?

The largest supplier of Armenia in 2024 is Russia, with 52.6% of what Armenia buys. Its share was 28.3% in 2019 and 0% in 1995. 243 of the 580 products Armenia buys for more than $1 million have a supplier selling more than 50% of what Armenia buys of that product; in 86, more than 75%. In those products, purchases from each one’s dominant supplier add up to 61.3% of what Armenia buys.

Summary

Largest supplier: Russia
52.6%
Concentration (HHI)
2,929
Products with a supplier above 50%
243
Products with a supplier above 75%
86

Concentration index (HHI): 2,929 out of 10,000; equivalent to splitting purchases among 3 suppliers of the same size

Trend

Trend in shares

Russia went from 0% to 52.6% of what Armenia buys

Share (%)

  • Russia 52.6%
  • China 9.5%
  • Vietnam 5%
  • Iran 3.6%
  • Georgia 3%

Source: CEPII BACI

Show the numbers
YearLargest supplierShare
1995United States29.5%
1996Belgium19%
1997Russia26.4%
1998Russia27.9%
1999Russia15.7%
2000Russia13.5%
2001Russia19.4%
2002Russia17.7%
2003Russia15.6%
2004Russia13.3%
2005Russia14.1%
2006Russia14.1%
2007Russia16.6%
2008Russia18.3%
2009Russia22.8%
2010Russia20.5%
2011Russia20.7%
2012Russia24%
2013Russia24.6%
2014Russia23.9%
2015Russia28.8%
2016Russia29.6%
2017Russia28.3%
2018Russia25.3%
2019Russia28.3%
2020Russia31.6%
2021Russia32.6%
2022Russia23.2%
2023Russia31.7%
2024Russia52.6%

Its suppliers

  1. Russia$9.2 billion · 52.6%
  2. China$1.7 billion · 9.5%
  3. Vietnam$881 million · 5%
  4. Iran$629 million · 3.6%
  5. Georgia$530 million · 3%
  6. Germany$402 million · 2.3%
  7. Italy$350 million · 2%
  8. Turkey$332 million · 1.9%
  9. India$318 million · 1.8%
  10. Curaçao$237 million · 1.4%

Products with a dominant supplier

Of the 580 products Armenia buys for more than $1 million in 2024, these are the highest-value ones with a dominant supplier.

ProductSupplierShareSecondValue
GoldRussia99.2%over 75%United Arab Emirates · 0.44%$5.9 billion
Cameras and broadcast equipmentVietnam82.6%over 75%China · 12.6%$827 million
Natural gas and LPGRussia85.5%over 75%Iran · 13.9%$558 million
DiamondsRussia51.7%India · 17.1%$524 million
Refined petroleumRussia57.8%Iran · 6.5%$470 million
PlatinumRussia100%over 75%Italy · 0%$426 million
SilverRussia99.9%over 75%United States · 0.02%$390 million
ComputersChina54.5%Vietnam · 17%$228 million
Monitors and projectorsEgypt80.9%over 75%China · 10.3%$194 million
Steel barsIran80.1%over 75%Russia · 12%$101 million
SpiritsGeorgia57.5%United Kingdom · 9.4%$84 million
ChocolateRussia55.2%Germany · 11.5%$80 million
Diodes, transistors and solar cellsChina94.3%over 75%Greece · 2.8%$70 million
Physical and chemical analysis instrumentsIndia67.8%South Korea · 5.3%$68 million
New tiresChina55.3%Russia · 19.4%$63 million
CoffeeIndonesia55.5%Vietnam · 14.4%$62 million
WheatRussia99.8%over 75%Curaçao · 0.16%$61 million
Cane and beet sugarBrazil54.7%Russia · 42.9%$57 million
Air conditionersChina59.8%Georgia · 14.2%$56 million
Transformers and power suppliesChina70%Russia · 11%$55 million
Bread, biscuits and pastriesRussia55.9%Ukraine · 9.3%$51 million
Unwrought aluminumRussia99.2%over 75%Turkey · 0.39%$48 million
Coated flat steelIran59.8%South Korea · 17.6%$47 million
Plastic-coated fabricSlovakia54.3%United States · 12%$43 million
Microphones and speakersVietnam55%China · 11.8%$42 million

and 218 more

A product has a dominant supplier when a single country sells more than 50% of what is bought of it; we flag it separately above 75%.

Countries that sell more than 50% of some product; the darker, the higher the value of those products.

Selling: who it relies on

Largest customer: United Arab Emirates
39.2%
Concentration (HHI)
2,341

Concentration index (HHI): 2,341 out of 10,000; equivalent to splitting sales among 4 customers of the same size

Trend in shares

The United Arab Emirates went from 0% to 39.2% of what Armenia sells

Share (%)

  • United Arab Emirates 39.2%
  • Russia 23.4%
  • Hong Kong 13.3%
  • China 8.2%
  • Iraq 1.8%

Source: CEPII BACI

Show the numbers
YearLargest customerShare
1995Belgium39.5%
1996Belgium37.4%
1997Russia20.9%
1998Belgium30.9%
1999Belgium33.2%
2000Belgium22.1%
2001Russia15.3%
2002Belgium17.3%
2003United Kingdom18.4%
2004Belgium13.7%
2005Germany14.4%
2006Germany12.3%
2007Russia14.6%
2008Russia19.4%
2009Germany15.9%
2010Russia14.7%
2011Russia14.4%
2012Russia17.6%
2013Russia20.5%
2014Russia16.8%
2015Russia13.3%
2016Russia18.7%
2017Russia21.5%
2018Russia20.7%
2019Russia20.9%
2020Russia19.2%
2021Russia21.5%
2022Russia39.3%
2023Russia37.9%
2024United Arab Emirates39.2%

225 of the 251 products Armenia sells for more than $1 million have a customer buying more than 50% of what Armenia sells of that product; in 171, more than 75%. In those products, sales to each one’s dominant customer add up to 65.6% of what Armenia sells.

ProductCustomerShareSecondValue
GoldUnited Arab Emirates71%Hong Kong · 20.4%$5.6 billion
JewelryUnited Arab Emirates80.2%over 75%Hong Kong · 5.6%$906 million
Cameras and broadcast equipmentRussia89.6%over 75%Belarus · 6.5%$692 million
Copper oreChina71.1%Georgia · 11.3%$612 million
DiamondsUnited Arab Emirates63.3%Russia · 23.4%$491 million
PlatinumHong Kong98.2%over 75%China · 1.5%$449 million
SpiritsRussia83.2%over 75%Belarus · 5.2%$342 million
Monitors and projectorsRussia99.1%over 75%Belarus · 0.87%$204 million
Precious metal oreSwitzerland68.4%Georgia · 11.6%$143 million
ElectricityIran99.1%over 75%Georgia · 0.93%$82 million
ComputersRussia91.6%over 75%Belarus · 5.9%$76 million
Computer and office machine partsRussia95.8%over 75%Belarus · 3.3%$70 million
Orthopedic and hearing devicesRussia98.1%over 75%China · 0.83%$44 million
Fresh fishRussia99.7%over 75%United States · 0.23%$43 million
Garments of coated or nonwoven fabricSlovakia86.3%over 75%Russia · 5.7%$39 million

and 210 more

Concentration compared

The closest countries in the concentration ranking (HHI, highest first).

RankCountryHHI
25Nauru3,129
26Aruba3,043
27Armenia2,929
28Guinea2,746
29Curaçao2,740
30Canada2,682

Sources and method

Sources and licenses

Methodology

The data come from CEPII BACI (Etalab 2.0 licence), which reconciles what the exporting and the importing country report, in current USD, FOB. Data up to 2024.

Dependence is the share of a country’s imports (or exports) that each partner accounts for. It does not measure whether a product has a substitute or how much it would cost to change supplier.

The concentration index (HHI) adds up the square of each partner’s share, in percent: it runs from 0 to 10,000. Its equivalent is 10,000 ÷ HHI, the number of partners of the same size that would give that value.

Products are HS4 headings of the 1992 nomenclature (some combine different goods), with a floor of $1 million per product and country.

The EU is the 27 current members in every year; the United Kingdom is outside the EU throughout the series.

Re-exports: countries that act as redistribution hubs carry their notice and the figures are not corrected.