PHILIPPINES – ARMENIA (AM) TRADE RELATIONS

ARMENIA IN BRIEF1

GENERAL INFORMATION ECONOMIC INDICATORS

CAPITAL GDP US$13.3 B Yerevan

AREA GDP PER CAPITA 29,743 sq. km. US$9,178

POPULATION GDP GROWTH RATE 3.8 % 3,021,324 GOVERNMENT INFLATION RATE Parliamentary 1.6%

HEAD OF STATE UNEMPLOYMENT RATE President Armen Sarkissian 17.9%

HEAD OF GOVERNMENT CURRENCY Prime Minister Nikol Pashinyan Dram (AMD)

RELIGION EXCHANGE RATE Armenian Apostolic 92.6%, Evangelical 1%, other 1US$ = 483.7AMD

2.4%, none 1.1%, unspecified 2.9% (2011 est.)

LANGUAGES Armenian (official) 97.9%, Kurdish (spoken by

Yezidi minority) 1%, other 1% (2011 est.)

REGIONAL/INTERNATIONAL AFFILIATIONS Asian Development Bank (ADB), International

Monetary Fund (IMF), Black Sea Economic Cooperation (BSEC), Commonwealth of

Independent States (CIS), Eurasian Economic Union (EAEU), United Nations (UN), World Trade Organization (WTO), among others

1 The World Factbook, https://www.cia.gov/library/publications/the-world-factbook/geos/am.html 2 Trading Economics

Prepared by the Market Innovation Division 1 DTI - EXPORT MARKETING BUREAU PHILIPPINES – ARMENIA (AM) TRADE RELATIONS

PHILIPPINES-ARMENIA TRADE RELATIONS

PH-AM BILATERAL MERCHANDISE TRADE FOB in US$2

TOTAL EXPORTS TO IMPORTS FROM BALANCE OF YEAR TRADE ARMENIA ARMENIA TRADE 2015 139,267 81,234 58,033 23,201 2016 236,564 196,490 40,074 156,416 2017 115,478 110,478 5,000 100,478 2018 229,465 174,855 54,610 120,245 2019 176,047 173,752 2,295 171,457 % CAGR 6.0% (55.4) 20.9%

PH-Armenia Total Merchandise PH-Armenia Balance of Trade Trade 200,000 250,000 175,000 150,000 200,000 125,000 150,000 100,000

100,000 75,000

Balance of Trade 50,000 50,000 25,000 0 0 2015 2016 2017 2018 2019 2015 2016 2017 2018 2019

Export Import Year

AM RANKING AS PH TRADING PARTNER

170 TOTAL TRADE 169th Lesotho; 171st Rwanda

161 EXPORT MARKET 160th Andorra; 162nd Rwanda

173 IMPORT SUPPLIER 172 172nd Somalia; 174th Rwanda

2 Philippine Statistics Authority (PSA) as processed by DTI-EMB

Prepared by the Market Innovation Division 2 DTI - EXPORT MARKETING BUREAU

PHILIPPINES – ARMENIA TRADE RELATIONS

TOTAL PHILIPPINE EXPORTS TO ARMENIA3 FOB in US$

2018 EXPORTS 20194 EXPORTS % RANK HS CODE PRODUCT DESCRIPTION DIFFERENCE VALUE % SHARE VALUE % SHARE CHANGE TOTAL 174,855 100.00 173,752 100.00 (1,103) (0.63) 1 852510 Transmission apparatus for radio- 80,765 46.19 87,225 50.20 6,460 8.00 telephony, radio-telegraphy, radio- broadcasting or television 2 980322 Watches manufactured from materials on 44,793 25.62 66,504 38.28 21,711 48.47 consignment basis 3 850440 Static converters (e.g. rectifiers) 0 0.00 9,800 5.64 9,800 4 847330 Parts and accessories of the machines of 0 0.00 5,910 3.40 5,910 heading No. 84.71 5 852910 Aerials and aerial reflectors of all kinds, 5,378 3.08 3,450 1.99 (1,928) (35.85) parts suitable for use therewith 6 850490 Parts of other electric power machinery 0 0.00 430 0.25 430 falling within heading No. 85.04 7 910812 Watch movements, complete and 112 0.06 353 0.20 241 215.18 assembled, electrically operated, with opto-electronic display only 8 911390 Watch straps, watch bands and watch 98 0.06 53 0.03 (45) (45.92) bracelets, of other material, n.e.s. 9 911490 Other clock or watch parts, n.e.s. 0 0.00 27 0.02 27 10 910219 Other wrist-watches, electrically operated, 42,352 24.22 0 0.00 (42,352) (100.00) whether or not incorporating a stop-watch facility, n.e.s., other than those of heading No. 91.01

3 Philippine Statistics Authority (PSA) as processed by DTI-EMB 4 Revised Data as of February 2020

Prepared by the Market Innovation Division 3 DTI - EXPORT MARKETING BUREAU

PHILIPPINES – ARMENIA TRADE RELATIONS

TOTAL PHILIPPINE IMPORTS FROM ARMENIA5 FOB in US$

HS 2018 IMPORTS 20196 IMPORTS % RANK PRODUCT DESCRIPTION DIFFERENCE CODE VALUE % SHARE VALUE % SHARE CHANGE TOTAL IMPORTS 54,610 100.00 2,295 100.00 (52,315) (95.80) 1 848310 Transmission shafts (including cam shafts and crank shafts) and cranks 0 0.00 1,186 51.68 1,186 2 731829 Other non-threaded articles, of iron or steel 0 0.00 824 35.90 824 3 680800 Panels, boards, tiles, blocks and similar articles of vegetable fiber, of straw or of shavings, chips, particles, sawdust or other waste, of wood, agglomerated with cement, plaster or other mineral binders 0 0.00 220 9.59 220 4 961210 Typewriter or similar ribbons, inked or otherwise prepared for giving impressions, whether or not on spools or in cartridges 0 0.00 65 2.83 65 5 902300 Instruments, apparatus and models, designed for demonstrational purposes (for example, in education or exhibitions), unsuitable for other uses 43,550 79.75 0 0.00 (43,550) (100.00) 6 853720 Boards, panels, consoles, desks, cabinets and other bases, for a voltage exceeding 1,000 V 9,200 16.85 0 0.00 (9,200) (100.00)

5 Philippine Statistics Authority (PSA) as processed by DTI-EMB 6 Revised Data as of February 2020

Prepared by the Market Innovation Division 4 DTI - EXPORT MARKETING BUREAU

PHILIPPINES – ARMENIA TRADE RELATIONS

ARMENIA'S FOREIGN TRADE7

ARMENIA-WORLD TOTAL TRADE VALUE IN MILLION US$

TOTAL EXPORTS TO IMPORTS FROM BALANCE OF YEAR TRADE THE WORLD THE WORLD TRADE 2015 4,740 1,483 3,257 (1,774) 2016 5,026 1,808 3,218 (1,411) 2017 6,038 2,145 3,893 (1,748) 2018 7,233 2,383 4,850 (2,467) 2019 7,665 2,612 5,053 (2,441) CAGR (%) 12.77 15.20 11.61

ARMENIA-WORLD Total ARMENIA-WORLD Balance of Merchandise Trade Trade

8,000 0

-500 6,000 -1,000

4,000 -1,500

-2,000 2,000 Balance of Trade -2,500 0 -3,000 2015 2016 2017 2018 2019 Year Export Import

7 ITC Trademaps, https://www.trademap.org/

Prepared by the Market Innovation Division 5 DTI - EXPORT MARKETING BUREAU

PHILIPPINES – ARMENIA TRADE RELATIONS

ARMENIA 2019 TOP IMPORTS FROM THE WORLD VALUE IN MILLION US$8

RANK PRODUCTS VALUE % SHARE TOTAL 5,053 100.00 1 Petroleum gases and other gaseous hydrocarbons 432 8.55 2 Petroleum oils and oils obtained from bituminous minerals, 296 5.87 other than crude; preparations not elsewhere specified or included, containing by weight 70 % or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations; waste oils. 3 Medicaments (excluding goods of heading 30.02, 30.05 or 180 3.57 30.06) consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses (including those in the form of transdermal administration systems) or in forms or packings for retail sale. 4 Transmission apparatus for radio-telephony, radio-telegraphy, 149 2.96 radio-broadcasting or television, whether or not incorporating reception apparatus or sound recording or reproducing apparatus; television cameras; still image video cameras and other video camera recorders; digital cameras. 5 Diamonds, whether or not worked, but not mounted or set. 149 2.95

2019 TOP EXPORT MARKETS VALUE IN MILLION US$

RANK COUNTRIES VALUE % SHARE TOTAL 2,612 100.00 1 Russia 711 27.2 2 Switzerland 457 17.5 3 Bulgaria 207 7.94 4 China 193 7.41 5 Iraq 177 6.78

2019 TOP IMPORT SUPPLIERS VALUE IN MILLION US$

RANK COUNTRIES VALUE % SHARE TOTAL 5,053 100.00 1 Russia 1,470 29 2 China 742 14.6 3 Iran 324 6.42 4 Turkey 265 5.25 5 Germany 253 5.01

8 Based on Latest Data

Prepared by the Market Innovation Division 6 DTI - EXPORT MARKETING BUREAU