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How dependent is Armenia on Russia?

In 2024, Russia sold $9.2 billion to Armenia, 52.6% of its imports, ranking 1st among its suppliers. Its share was 28.3% in 2019 and 0% in 1995. In 88 products it sells more than 50% of what Armenia buys of them (in 37, more than 75%); what Armenia buys from Russia in those products (dominated value) adds up to $8.4 billion, 47.8% of its imports.

Summary

Share of its imports
52.6%
Value imported
$9.2billion
Rank among its suppliers
1st
Products where it sells over 50%
88
Products where it sells over 75%
37
Dominated value
$8.4billion
Share of total imports
47.8%

Trend

Trend in shares

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

Share (%)

  • Russia 52.6%

Source: CEPII BACI

Show the numbers
YearValue (USD millions)ShareRank
199500%—
19966115.3%3
199723126.4%1
199812827.9%1
199913815.7%1
200012713.5%1
200118519.4%1
200219117.7%1
200321715.6%1
200419813.3%1
200528214.1%1
200633214.1%1
200755816.6%1
200883018.3%1
200980422.8%1
201079620.5%1
201191220.7%1
20121,07524%1
20131,12724.6%1
20141,07023.9%1
201599928.8%1
20161,04929.6%1
20171,22128.3%1
20181,28825.3%1
20191,53828.3%1
20201,46731.6%1
20211,84532.6%1
20222,63523.2%1
20234,37731.7%1
20249,23852.6%1

Products where Russia sells more than half

ProductSupplierShareSecondValue
GoldRussia99.2%over 75%United Arab Emirates · 0.44%$5.9 billion
Natural gas and LPGRussia85.5%over 75%Iran · 13.9%$477 million
PlatinumRussia100%over 75%Italy · 0%$426 million
SilverRussia99.9%over 75%United States · 0.02%$390 million
Refined petroleumRussia57.8%Iran · 6.5%$271 million
DiamondsRussia51.7%India · 17.1%$271 million
WheatRussia99.8%over 75%Curaçao · 0.16%$61 million
Unwrought aluminumRussia99.2%over 75%Turkey · 0.39%$48 million
ChocolateRussia55.2%Germany · 11.5%$44 million
Sunflower, safflower and cottonseed oilRussia98.6%over 75%Curaçao · 0.86%$30 million
Bread, biscuits and pastriesRussia55.9%Ukraine · 9.3%$29 million
Glass bottles and jarsRussia78.1%over 75%France · 6.8%$27 million
MargarineRussia76%over 75%Sweden · 7.6%$24 million
Other made-up textilesRussia85.9%over 75%China · 7.9%$24 million
Nuclear reactors and fuelRussia98.7%over 75%Czechia · 1.3%$23 million
Welded steel pipesRussia75.1%over 75%Iran · 11.2%$23 million
Women's knitted suits and dressesRussia58%China · 13.4%$22 million
Pencils, crayons and chalkRussia96.9%over 75%China · 2.4%$20 million
Hot-rolled flat steelRussia93.2%over 75%Iran · 5.3%$19 million
Bras and corsetsRussia85.8%over 75%China · 6.8%$19 million
CornRussia86.8%over 75%France · 8%$12 million
Candy and sweetsRussia50.3%Ukraine · 16.8%$12 million
Canned vegetablesRussia54.7%Spain · 16.6%$11 million
Wood joineryRussia64.5%Belarus · 10.1%$10 million
Tracksuits and swimwearRussia53.1%United States · 11.9%$10 million
Other plastic sheetsRussia54.4%Iran · 7.7%$10 million
Nitrogen fertilizersRussia70.3%Georgia · 17.3%$10 million
Wheat flourRussia94.1%over 75%Italy · 2.7%$10 million
Sauces and condimentsRussia68.5%Italy · 4.5%$9 million
Aluminum wireRussia97.4%over 75%China · 1.5%$8 million

and 58 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%.

Are there other suppliers in the world?

Exports from the rest of the world already have buyers; the figure shows scale, not availability.

Seen from Russia

Armenia is Russia’s 6th-largest customer, with 2.5% of its exports.

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.