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About Armenia

Armenia is part of the Old USSR i.e. Soviet Republic which borders Turkey, Georgia, and Azerbaijan. The country was primarily industry-based dealing with chemicals, electrical machinery, processed food, textile, etc. The country’s economy suffered during the Post-Soviet dissolution and new sectors such as precious stones and jewellery making, ICT, tourism, Agriculture, Energy, etc., has been adopted.

Currently Armenia is classified as a free country and is highly dependent on financial aid from the Western countries.

Country Facts


Basic Details
RegionCIS Region
Capital CityYerevan
Government TypeParliamentary Republic
Official LanguagesArmenian
Currencydram, AMD, Armenian dram sign
Phone Code +374
Important CitiesGyumri, Vanadzor, Vagharshapat, Hrazdan, Abovyan, Kapan, Ararat, Armavir, Step'anavan
National DayRepublic Day (28th May)
GDP (nominal)USD 24.54 Billion
Ease of Doing Business Ranking47
Primary Industriesbrandy, mining, diamond processing, metal-cutting machine tools, forging and pressing machines, electric motors, knitted wear, hosiery, shoes, silk fabric, chemicals, trucks, instruments, microelectronics, jewelry, software, food processing
Foreign Relations
Bordering NationsGeorgia, Turkey, Iran, Azerbaijan
Member ofOrganization of the Black Sea Economic Cooperation(BSEC), Commonwealth of Independent States(CIS), Collective Security Treaty Organization(CSTO), Eurasian Economic Union(EAEU), Organization of the Black Sea Economic Cooperation(OBSEC), Organisation internationale de la Francophonie(OIF), Organization for Security and Co-operation in Europe(OSCE), United Nations(UN), World Trade Organization(WTO)
Major ExportsFood & Beverages, Spirits & Vinegar, Mining, Metals & Minerals, Electrical Products, Agriculture & Farming Products and Solutions, Automobiles, Vehicles & Components, Machinery & Appliances, Fashion and Apparel, Fisheries, Sea Food & Crustaceans, Instruments & Optical Solutions, Vegetables and Related Products, Fruits and Nuts, Plastics and Products, Rubber and Products
Major ImportsMining, Metals & Minerals, Machinery & Appliances, Automobiles, Vehicles & Components, Gems & Jewellery, Plastics and Products, Pharmaceutical Products, Instruments & Optical Solutions, Cereals & Pulses, Books and Papers, Dairy, Eggs, Honey, & Edible Products, Fashion and Apparel, Edible Oils & Seeds, Animal Meat and Food Preperations, Food & Beverages, Spirits & Vinegar, Fruits and Nuts, Household Items & Products
Total Exports ValueUSD 5.307 Billion
Total Imports ValueUSD 8.636 Billion
Foreign Trade BalanceUSD 3.329 Billion (Deficit)
Foreign Relations with India
Trade Agreements with Indiabilateral free-trade agreement
Major Exports to IndiaGems & Jewellery, Mining, Metals & Minerals, Instruments & Optical Solutions, Food & Beverages, Spirits & Vinegar, Machinery & Appliances, Hides, Leather & Tannery, Fashion and Apparel, Pharmaceutical Products, Electrical Products, Other Products, Art and Antiques, Cosmetics and Accessories, Music and Instruments, Arms and Ammunitions, Household Items & Products, Toys and Games
Major Imports from IndiaGems & Jewellery, Electrical Products, Animal Meat and Food Preperations, Machinery & Appliances, Automobiles, Vehicles & Components, Pharmaceutical Products, Ceramic Products, Plastics and Products, Building & Construction Products & Services, Food & Beverages, Spirits & Vinegar, Fruits and Nuts, Fashion and Apparel, Chemical Products, Cereals & Pulses, Instruments & Optical Solutions, Hides, Leather & Tannery, Edible Oils & Seeds, Books and Papers
India's Imports ValueUSD 72.89 Million
India's Exports ValueUSD 61.37 Million
Trade Balance with IndiaUSD 11.52 Million (Excess)
Indian Embassy Details for ArmeniaEmbassy of India
H.E. Ms. Nilakshi Saha Sinha
Honourable Ambassador
Embassy of India Yerevan, 50/2, India Street, Yerevan- 0015, Armenia.
00-374-10-539173 / 539174 / 539175

Embassy Details of Armenia in IndiaEmbassy of the Republic of Armenia
H.E. Mr. Vahagn Afyan
Ambassador Designate
D-133, Anand Niketan,New Delhi-110021
+91-11-24112851, 2411 2852 (O)

Honorary Consulate of Armenia
Mr. Shivkumar Eashwaran
Honorary Consul
Shivsu Towers No. 149, Poonamallee High Road Kilpauk Chennai-600 010
+91-44-2836 2460/72/92 (O)