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Armenia

Armenia

EU-Armenia bilateral trade relations are currently regulated by a Partnership and Cooperation Agreement in force since 1999.

The EU and Armenia completed negotiations on an Association Agreement, including a Deep and Comprehensive Free Trade Area (DCFTA), in July 2013. The negotiations will allow Armenia to drive forward a programme of comprehensive modernisation and reform based upon shared values, political association and economic integration.

The process of implementating of the AA and the DCFTA was withheld in September 2013 following Armenia's decision to negotiate its membership in the Customs Union of Russia, Belarus and Kazakhstan, as both negotiations are incompatible.

Trade picture

  • The EU is Armenia's main trading partner, accounting for around 29.7% of Armenia's total trade.
  • The EU continues to be Armenia's biggest export and import market with respective 39.4 % and 26.5 % share in total Armenian exports and imports.
  • EU imports from Armenia chiefly consist of manufactured goods, crude materials, miscellaneous manufactured articles, and beverages and tobacco.
  • EU exports to Armenia are dominated by machinery and transport equipment, manufactured goods, miscellaneous manufactured articles and chemicals.
  • The total value of preferential imports from Armenia into the EU under the EU. Generalised Scheme of Preferences (GSP) has increased, from € 61 million in 2009 to € 90 million in 2012. Armenia's GSP utilisation rate is high: around 90%. The main EU imports Armenia under GSP preferences are: base metals (78%), textiles (18%) and foodstuffs (2%).

EU-Armenia "trade in goods" statistics

Trade in goods 2011-2013, € billions
Year EU imports EU exports Balance
2011 0.3 0.6 0.3
2012 0.3 0.7 0.4
2013 0.3 0.7 0.5

More statistics on Armenia

EU and Armenia

Trading with Armenia