Unveiling Armenia: Your Data Key to the Caucasus
Blooming (https://www.bloominglobal.com) proudly announces the launch of its Armenia Trade Database in 2025, delivering real-time insights into one of Eurasia's most resilient economies.
Why Armenia Matters in 2025?
1. Tech-Driven Growth: IT sector expanded 18% YoY in 2024 (Central Bank of Armenia)
2. Trade Nexus: Strategic hub connecting EU, EAEU & Middle East – 34% export growth to UAE in 2024. In 2023, the country's total foreign trade volume amounted to $20.723 billion, representing a significant 46% increase, and Russia remained Armenia's largest trading partner, with bilateral trade volume hitting $7.306 billion (up 43.3% YoY), accounting for 35.3% of Armenia's total foreign trade.
3. Stable Fundamentals: 7.2% GDP growth in 2024 with controlled 1.2% inflation. In 2023, Armenia's GDP reached $24.2 billion, marking an 8.7% year-on-year growth.
Key Sectors Lighting Up
1. Diamond Processing: #2 global exporter (up 27% YoY)
2. Agritech: Organic food exports to EU surged 41%
3. Renewables: Solar energy investments triple since 2023
Minister of Economy Vahan Kerobyan notes:
"Armenia's diversified economy offers unmatched ROI in the region, with special zones offering 0% profit tax for tech startups."
Blooming's Armenia Database Covers:
1. Live customs data
2. Sector-specific trade trends
3. 80+ partner country trade flows
Navigate Challenges with Confidence
While regional geopolitics require monitoring, our data empowers you to:
• Spot tariff shifts under EAEU agreements
• Benchmark against Georgia & Iran trade corridors
• Anticipate logistics bottlenecks