Exporting to Armenia: A Comprehensive Guide
Exporting to Armenia has become an attractive destination for exporters in recent years, drawing the attention of traders and businesses. Armenia, with its diverse markets and strategic geographical location, offers numerous commercial opportunities for traders.
With the development of political relations with Iran and Armenia’s economic growth as a member of the Eurasian Economic Union, the country has shown an increasing interest in establishing economic ties with Iran. These opportunities, combined with the cultural, social, and economic proximity of Armenian and Iranian markets, have created export opportunities that should not be overlooked.
Exporting to Armenia: An Overview of Iran-Armenia Trade Relations
Armenia, one of Iran’s northern neighbors with a vast shared border, has long been a destination for Iranian products. In 2015, Armenia became a member of the Eurasian Economic Union, of which Iran is also a member. This membership provides exporters with special privileges within the union.
According to recent reports, Iran’s exports to Armenia increased by 56% compared to the previous year, surpassing $110 million. The diversity of export items and Armenia’s import restrictions from Turkey have facilitated export exchanges with Iran.
How to Export Goods from Iran to Armenia?
Exporting goods to Armenia by land is facilitated by the shared border with two Iranian provinces, making road transportation one of the most important and reliable methods. All imported goods to Armenia are subject to customs tariffs, which must be adhered to by all exporters.
Steps and Conditions for Exporting Goods to Armenia:
- After selecting the export product and transportation method, the product must be registered at the Armenian customs office. Armenia has 5 regional customs offices, 4 special customs offices, and 6 border points where goods must be declared and registered.
- All goods entering Armenian customs territory must be registered within 10 days. Border transactions at customs must be handled by the trader to expedite the process.
- Goods are classified into three channels: red, green, and yellow, based on Armenia’s electronic customs system. Each channel has different conditions under Armenian law.
- Armenia has a “one-stop-shop” process where traders and exporters can obtain a certificate of origin from Ekspertiza Limited at the Ministry of Industry and Mining. Additionally, certain products may require health certificates from the country of origin.
Customs Regulations in Armenia
Armenian customs regulations require mandatory payments in four areas, which must be paid by traders and exporters. According to Article 102 of Armenian Customs Law, export duties to Armenia range from 0% to 10%.
Imported goods are subject to customs duties, and exporters must pay for customs procedures, registration, cargo weight, and documentation. These costs vary depending on the volume and type of goods.
Value-added tax (VAT) must be paid within 10 working days of importation, at a rate of 20%. Excise tax is also applied to certain goods, including domestically produced alcohol, tobacco, and fuel.
Key Products Exported from Iran to Armenia
Although Iran’s export volume to Armenia is relatively small compared to other competitors, a variety of Iranian products are exported to Armenia. The most important export items include:
- Fossil fuels
- Plastic products
- Mineral chemicals and precious metals
- Ceramic products
- Mineral products such as sulfur, lime, soil, salt, cement, and gypsum
- Iron and steel
- Watermelons, fruits, and citrus
- Glass and plastic containers
- Agricultural products such as pistachios, hazelnuts, and honey
Important Tips for Exporting to Armenia
To succeed in exporting goods and services to Armenia, it is essential to consider various aspects, including marketing, legal, economic, and political factors. Here are some key tips:
- Consult with experienced traders and advisors to understand Armenia’s economic and legal ecosystem.
- Understand Armenian culture and consumer behavior to tailor your products accordingly.
- Conduct market research to select the right products, pricing, and timing for market entry.
- Choose reliable suppliers and ensure product quality to maintain competitiveness.
- Select appropriate transportation methods and customs terminals for efficient delivery.
- Identify suitable buyers in Armenia and negotiate favorable terms.
For more information and guidance on exporting to Armenia, visit Buy Construction Materials from Iran and Buy Cement from Iran.
If you are planning to export goods from Iran to Armenia, it is crucial to familiarize yourself with Armenian laws and regulations. For expert advice, consult with export consultants at Jahankala Cargo to ensure a smooth and successful export process.
