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