Key Market Indicators
Armenian electrical equipment exports are projected to climb to approximately $16 million by 2028, up from around $15.5 million in 2023. This represents an annual growth rate of 0.6%. However, since 2002, the country’s supply has been on a downward trend, decreasing by 5.1% each year. On the import side, Armenia is expected to see a significant rise. Electrical equipment imports are set to reach roughly $512 million by 2028, up from about $429 million in 2023. This marks an average annual growth rate of 2.8%. In contrast to exports, Armenian demand for imported electrical equipment has been increasing steadily, with an annual growth rate of 3.3% since 2002.
