In the South Caucasus area of Eurasia, Armenia is a landlocked nation that shares borders with Georgia, Iran, Azerbaijan, and Turkey. The capital and largest city of the country, Yerevan, serves as a major center for politics, business, and culture. It is projected that Armenia's GDP would amount to USD 21.6 billion in 2024. In terms of exports, Armenia is ranked 122nd in the world. In 2024, Russia will be the largest buyer of Armenian commodities. As per Armenia export data, it is estimated that Armenia's overall export value in 2024 would be around USD 6.9 billion. Copper ores and concentrates are the most valuable export commodity that Armenia exports out of all its goods.
Armenia's export industry is essential to maintaining a trade balance and fostering economic growth. The nation has established robust economic corridors through road and rail infrastructure, linking with important Eurasian and Middle Eastern markets, but lacking direct access to maritime ports. With the support of specific trade agreements, incentives for industrial production, and regional alliances, Armenia is growing its export capabilities.