The perspectives of Armenian export expanding.
Keywords:
trade potential, export, gravity model, geographical structure of exportAbstract
Our research aims to study the perspectives of foreign trade of Armenia by estimating its trade potential; its practical contribution is stipulated by the current condition of foreign trade and peculiarities of economic development of Armenia and geopolitical situation in South Caucasus. We found that Armenia has exceeded its trade potential in total export and especially in export on product group “Industrial Supplies” with the most its leading trading partners in export. The top-10 countries where Armenia has potential for expansion of export are USA, Turkey, China, Japan, United Kingdom, France, Italy, United Arab Emirates, Hong Kong, and Saudi Arabia.References
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