The wholesale and retail trade is one of the important sectors of Armenia’s economy. It contributes 11.2% to RA GDP (2021) and 12% to employment (2020). Trade is also one of the sectors where entrepreneurship in Armenian is mainly concentrated in.
Armenia’s import is twice as much as its export. The country mainly imports natural gas (9%), oil and oil products (7%), medicines, machinery, and equipment. Armenia exports mainly products that have low-complexity and low value added, particularly mineral products (32% of commodity exports), other main exported products are alcoholic beverages, tobacco, gold, etc.