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Armenia

US Revised Tariffs (%)

10

Ease of doing business

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Share of US Imports % (1 implies <1%)
US Tariff %
Revised Tariff %
Country Tariff Rate %
1
10
10
3.6
Exports (in USD Bill.) 2024
Imports (in USD Bill.) 2024
Balance (in USD Bill.) 2024
0.06
0.12
0.04

US Revised Tariffs

Country Tariffs

Balance of Trade

Commercial Guide

Learn about the market conditions, opportunities, regulations, and business conditions in countries, prepared by U.S. Embassies worldwide, Commerce Department, State Department and other U.S. agencies’ professionals

Tariff Rate for US

World Bank staff estimates using the World Integrated Trade Solution system, based on tariff data from the United Nations Conference on Trade and Development's Trade Analysis and Information System ( TRAINS ) database and global imports data from the United Nations Statistics Division's Comtrade database.

US Imports Guide 

United States Imports from Countries during 2024, according to the United Nations COMTRADE database on international trade. United States Imports from Countries- data, historical chart and statistics - was last updated on April of 2025.

Implications

As of Saturday, April 19, 2025, the tariff situation involving Armenia has been significantly impacted by recent actions taken by the United States. Here's the latest update:   United States Tariffs on Goods from Armenia: On April 2, 2025, the United States announced a new tariff policy that includes a 10% tariff on goods imported from Armenia.   This tariff went into effect on April 5, 2025. This move is part of a broader "reciprocal tariff" strategy initiated by the U.S., citing concerns over trade deficits and non-reciprocal trade practices.   Previously, goods from Armenia may have entered the U.S. with lower or no tariffs under schemes like the Generalized System of Preferences (GSP). Impact on Armenia: Economists anticipate that this new 10% tariff will likely increase the cost of Armenian goods in the U.S. market.   This could lead to reduced demand for Armenian exports to the U.S., potentially affecting the competitiveness of sectors such as aluminum, stones, precious metals, agricultural products, and alcohol.   Diamonds, which constitute a significant portion (over 50%) of Armenia's exports to the U.S., will also be subject to this new tariff, potentially reshaping the trade balance between the two countries. In 2024, the U.S. imported approximately $121 million worth of goods from Armenia (according to one U.S. source; Armenian statistics report a lower figure of around $59 million). The U.S. enjoyed a trade surplus with Armenia in 2024. Armenia's Tariffs on Goods from the United States: As a member of the Eurasian Economic Union (EAEU) since 2015, Armenia applies the common external tariff of the EAEU to imports from non-member countries, including the United States. Prior to joining the EAEU, Armenia's import tariffs were generally lower (around 0% or 10%). Armenia's accession to the EAEU led to an increase in the average applied tariff on imports, including those from the U.S., which has reached over 10%. There are specific tariffs imposed by Armenia on certain U.S. goods, such as a relatively high tariff (over 30%) on U.S. car imports. Armenia's Trade Agreements: Armenia has several trade agreements that influence its tariff policies:   Eurasian Economic Union (EAEU): As a member, Armenia has free movement of goods, capital, services, and labor with other member states (Russia, Belarus, Kazakhstan, and Kyrgyzstan) and applies the EAEU's common external tariff to imports from third countries.   Commonwealth of Independent States (CIS) and Georgia: Armenia has free trade agreements with these countries.   World Trade Organization (WTO): Armenia has been a member since 2003. EU's Generalized System of Preferences (GSP and GSP+): Armenia qualifies for preferential access to the EU market with reduced or zero tariffs on many goods. Comprehensive and Enhanced Partnership Agreement (CEPA) with the EU: Provisionally applied since 2018, this agreement aims to further improve EU-Armenia trade.   Free Trade Agreement with Iran: Signed in 2018 but not yet in force as of early 2019. Overall: The recent imposition While the U.S. previously enjoyed a trade surplus with Armenia, this tariff is expected to impact Armenian exports to the U.S. Armenia, as part of the EAEU, already applies tariffs on U.S. goods. The long-term effects of these changes on bilateral trade remain to be seen.

US Negotiation Strategy

Based on the most recent data from 2024, the top imports to the United States from Armenia by value are: Pearls, precious stones, metals, coins ($86.70 Million), particularly diamonds. Beverages, spirits and vinegar ($11.56 Million), including hard liquor. Articles of apparel, not knit or crocheted ($7.93 Million), such as women's coats. Vegetable, fruit, nut food preparations ($4.20 Million). Commodities not specified according to kind ($2.49 Million). Regarding which states in the U.S. can manufacture similar goods, here's a general overview with some company examples: Pearls, Precious Stones, Metals, Coins (especially Diamonds and other Precious Metals): New York: New York City, particularly the Diamond District, has a significant industry in cutting, polishing, and trading diamonds and other precious stones. Companies involved include Tiffany & Co. (though they also source globally), various diamond wholesalers, and jewelry manufacturers.   California: Los Angeles also has a notable jewelry manufacturing sector that works with precious metals and stones. Companies include Gorjana and Kendra Scott (which also operate in other states).   Rhode Island: Historically known for jewelry manufacturing, while its prominence has decreased, some companies still specialize in precious metal work. Beverages, Spirits and Vinegar (including Hard Liquor): Kentucky: Famous for bourbon whiskey production. Examples include Jim Beam, Maker's Mark, and Wild Turkey.   Tennessee: Known for Tennessee whiskey. Examples include Jack Daniel's and George Dickel.   California: A significant producer of wine and craft spirits. Examples include E. & J. Gallo Winery and numerous craft distilleries like St. George Spirits.   Oregon: Known for its craft beer and wineries. Examples include Deschutes Brewery and Willamette Valley Vineyards.   Many other states have growing craft breweries and distilleries. Articles of apparel, not knit or crocheted (such as women's coats): The U.S. apparel manufacturing industry has significantly declined due to globalization. However, some niche and high-end manufacturing still exists. California: Los Angeles has a garment district with some remaining apparel manufacturers, often focusing on fast fashion or specialty items.   New York: New York City also has some apparel production, particularly for higher-end designers.   North Carolina: Has a history in textile and apparel manufacturing, though it has shifted over time. Some companies still produce outerwear. Examples of US apparel companies (though not necessarily manufacturing all in the US) include American Giant and Filson. It's important to note that a significant amount of apparel sold by US companies is manufactured overseas. Trading Economics data indicates that in 2024, the US imported $286.57 Thousand worth of these apparel items from the United States to Armenia, suggesting the US does have manufacturing capabilities in this sector, even if imports from Armenia to the US are higher ($7.93 Million).   Vegetable, fruit, nut food preparations: California: A major agricultural state with significant processing and manufacturing of fruit and vegetable products, including jams, sauces, and canned goods. Companies include Del Monte Foods and Welch's.   Washington: Known for fruit production and processing, particularly apples and berries. Companies include Tree Top and various fruit cooperatives.   Many other states with significant agriculture have food processing facilities. It's important to note that while the U.S. has manufacturing capabilities in these sectors, the scale and specific types of goods produced might differ from those imported from Armenia. Factors like cost competitiveness and specialization play a significant role in international trade. The recent US tariffs on imports, including a 10% tariff on goods from Armenia, might influence future domestic production and sourcing decisions.

Investing in USA

theboardiQ Economic Relevance Score, ranks States of USA based on 11 parameters

Sources : ForbesUSDA Economic Research | TCGen Total Innovation Rank Index | Best States for Manufacturing | World Population Review | Tax Foundation | US News | BEA Data | Wikipedia International Trade Administration

theboardiQ's Economic Relevance Score provides a comprehensive, data-driven assessment of a nation's economic vitality and global significance. This score is meticulously calculated using 11 key parameters, each reflecting a critical facet of economic performance. It analyzes the representation of Fortune 500 companies within a nation, a strong indicator of its business environment and market size. The balance of trade surplus or deficit reveals the nation's international competitiveness and export strength. It incorporates Gross Domestic Product (GDP), a fundamental measure of overall economic output, and examine the health of key sectors like agriculture and manufacturing. The score also accounts for innovation, gauging a nation's ability to drive future growth through technological advancements. Crucial labor market indicators such as employment rates are considered, alongside fiscal policies reflected in tax rates. To capture the lived experience of citizens, it assesses cost of living and disposable income, providing insight into purchasing power and economic well-being. Finally, education levels are integrated, recognizing their pivotal role in fostering a skilled workforce and driving long-term economic development. By synthesizing these 11 parameters, theboardiQ's Economic Relevance Score delivers a nuanced and holistic view of a nation's economic standing, enabling informed strategic decisions. The Top 5 States in the assessment are Texas, North Carolina, Virginia, Florida and Washington. Texas does consistently well across most of the 11 variables especially in the areas of GDP, F500 representation in the State, Balance of Trade where it ranks 2nd nationally. North Carolina scores as the highest-ranking state nationally in manufacturing and performs consistently across the other variables. Virginia does well in disposable income where it ranks 3rd nationally. It also scores high in the variables of manufacturing and employment Florida holds the 4th ranking nationally for GDP and Tax Washington State scores the top spot for disposable income nationally, 2nd for education and 3rd for innovation. Colorado, with an overall rank of 7 scores the top spot for Education (schools and higher education). Nebraska, that ranked 10th overall, did well in Agriculture where it is ranked 3rd nationally as well as Trade Balance where it ranked 5th. Illinois, though ranked 20th overall did well nationally in F500 representation, GDP, Agriculture, and Disposable Income. Pennsylvania comes in at 21 overall doing well nationally in GDP (6th); Manufacturing (8th) and F500 representation (8th) New York scores 23rd overall with a 2 ranking in Disposable Income nationally, as well as 3rd in both F500 representation and GDP. California comes in at 29th overall and has the top spot ranking in a whopping 4 variables nationally – GDP, Innovation, Agriculture and F500 representation. However, performance in the areas of Trade Balance, Cost of Living, Tax, Manufacturing and Employment resulted in the overall ranking dipping. Wyoming at 30th overall scores the top spot nationally in the area of Tax Massachusetts at 31 overall does well in innovation where it is ranked 2nd nationally Arkansas at 36 and Alabama at 39, do well in overall Cost of Living where they are ranked 2nd and 3rd nationally, respectively. Louisiana ranked 44th overall is ranked 1st in Trade Balance nationally.

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