Sectorial Brochure IT Sector of Armenia/ BA - Page 4

EXPORT Constant export growth in the ICT sector 2014 2017 EXPORT VOLUME $338.6 37.6% AVERAGE ANNUAL GROWTH MLN ICT INDUSTRY SHARE IN EXPORT IN 2017 8% 16% IN 2010 IN 2017 £ ICT export’s share in the total export of Software and Services segment (excluding internet service providers) was 55% in 2017 Main export destinations are USA and Canada £ ICT export to Europe and CIS countries increased by 6 and 4 times respectively in 2017 compared with 2014 EXPORT DESTINATIONS OF ARMENIA'S ICT SECTOR IN 2017 36.4% USA & Canada Europe Russia & CIS Other 28.4% 15.4% 19.8% Source: Enterprise Incubator Foundation 2017 3