Exports In 2022, Armenia exported $28.8M in Pharmaceutical products, making it the 95th largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 21st most exported product in Armenia. The main destination of Pharmaceutical products exports from Armenia are: Russia ($16M), Georgia ($3.74M), Uzbekistan ($2.47M), Belarus ($1.39M), and Moldova ($1.15M).
The fastest growing export markets for Pharmaceutical products of Armenia between 2021 and 2022 were Russia ($5.07M), Belarus ($1.29M), and United States ($377k).
Imports In 2022, Armenia imported $191M in Pharmaceutical products, becoming the 124th largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 9th most imported product in Armenia. Armenia imports Pharmaceutical products primarily from: United States ($22.2M), Switzerland ($20.4M), Spain ($18.6M), Russia ($17.8M), and Germany ($12.7M).
The fastest growing import markets in Pharmaceutical products for Armenia between 2021 and 2022 were United States ($16.5M), Spain ($14.5M), and Switzerland ($13.4M).