Importing and Exporting to Armenia

Exporting and Importing to Armenia

Armenia is strategically located at the crossroads of Europe, Asia, and the Middle East, making it accessible to global trade. This geographic location makes Armenia a regional hub for logistics and distribution. Armenia is also a member of the Eurasian Economic Union (EAEU), allowing for tariff-free trade with neighboring countries such as Russia, Kazakhstan, Belarus, and Kyrgyzstan.

Although Armenia has a small market size, its strong and growing economy makes it a country that is favourable to investments. The government has signed various trade agreements, including the Trade and Investment Framework Agreement (TIFA), which encourages trade between Armenia and the United States. In addition, Armenia has signed a partnership agreement with the European Union, further allowing for ease of trade.

Population

2.9M

Biggest Industry by Export

Gold and Precious Metals

Capital City

Yerevan

Biggest Industry by Import

Petroleum Gas

Unique Pain Points for Imports into Armenia

Corruption

Corruption is a growing problem in Armenia, where businesses have highlighted their difficulties dealing with changing government regulations and officials at the border. The spike in corruption has resulted in increased delays, which in turn disrupt the global supply chain and add further administrative issues.

Landlocked Status

Armenia is landlocked. Therefore, goods must pass through third-party countries before being imported into Armenia, a process known as transshipping. Navigating this alone is time-consuming, opens you up to further risks, and inflates administrative costs.

Political Tensions

Armenia is currently in the midst of various geopolitical tensions with countries such as Turkey and Azerbaijan, where the borders between these countries and Armenia are closed. These tensions limit transit options, resulting in shipping restrictions and reduced trade flexibility.

Countries Associated with Armenia

Asia

United Arab Emirates (UAE)

Europe

Russia

Asia

Hong Kong

Tailored Solutions for Compliance and Regulation Needs

Delivered Duty Paid

TecEx takes the hassle out of complex import regulations, minimizing costly delays, penalties, and non-compliance risks. Our Delivered Duty Paid (DDP) solution allows you to focus on your core business while we handle the intricacies of import procedures, ensuring smooth entry into the Armenian market.

Warehousing Solution

The TecEx warehousing solution helps bring goods into Armenia easily by allowing them to go via one of our TecEx hubs. We will strategically and efficiently get your goods into Armenia. TecEx will handle the entire warehousing process, from inventory management to transportation and customs clearance.

VAT Recovery Solution for Armenia

The TecEx global VAT compliance services also offer an end-to-end VAT reclaim solution in Armenia, where applicable. TecEx will assess the eligibility of your VAT recovery and, where applicable, gather all the necessary documentation and fill out the VAT recovery form on your behalf. This is a long and extensive procedure with specific requirements unique to Armenia, which TecEx will handle.

Documentation

TecEx experts will handle all documentation required for imports into Armenia, including a Customs Declaration Form, a Commercial Invoice, a Packing List, and a Bill of Lading. These documents must be gathered accurately and correctly to prevent goods from being stuck at customs.

Additional information is needed to gather the documents mentioned above. For example, when obtaining a Commercial Invoice, the HS code, description, and quantity of the goods are all needed. TecEx Armenian trade experts will gather all of these on your behalf to successfully get your goods through customs.

Your Global Trade Solution for Armenia

Contact one of our Armenian trade experts to help import your goods into Armenia hassle-free.

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Importing to Armenia