Armenia is a net food-importer country. Top import and export destination is Russia. In general, all the products and services are available and can be purchased in Armenia.

According to the traders, due to the shocks of Covid-19 and the NK hostilities since 2020, as well as the conflict between Russia and Ukraine, prices of food and non-food products have significantly increased.

Most imports to Armenia come from neighboring countries such as Russia, Georgia, and Iran. As a result, the local prices are highly dependent on the prices of commodities in those countries and on transportation costs.

There are no monopolies in the assessed markets.

The market relationships in Armenia are being regulated by RA Law on Procurements. There is also a State Committee for Protection of Economic Competition of the RA, the goals of which are protection and promotion of economic competition, creation of appropriate environment for fair competition, contribution to the development of entrepreneurship and protection of consumer rights in the Republic of Armenia.

Generic country information can be located from sources which are regularly maintained and reflect current facts and figures. For a general overview of country data related to the service and supply sectors, please consult the following sources:

The Observatory of Economic Complexity – MIT (OEC): https://oec.world/en/profile/country/arm

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