Armenia recorded a trade deficit of 152.90 USD Million in July of 2020.

Balance of Trade in Armenia averaged -176.52 USD Million from 2003 until 2020, reaching an all time high of -33.98 USD Million in August of 2003 and a record low of -440 USD Million in December of 2019. This page provides the latest reported value for - Armenia Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Armenia Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020.

Balance of Trade in Armenia is expected to be -176.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Armenia to stand at -230.00 in 12 months time. In the long-term, the Armenia Balance of Trade is projected to trend around -211.40 USD Million in 2021 and -229.00 USD Million in 2022, according to our econometric models.

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Armenia Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-152.90 -145.50 -33.98 -440.00 2003 - 2020 USD Million Monthly

Calendar GMT Actual Previous Consensus TEForecast
2020-05-25 08:00 AM Apr $-151M $-177.5M $-175M
2020-06-25 09:00 AM May $-120M $-153M $-211M
2020-07-27 08:00 AM Jun $-142M $-120M $-176M
2020-08-25 08:00 AM Jul $-153M $-146M $-156M
2020-09-25 08:00 AM Aug $-153M $-162M
2020-10-26 08:00 AM Sep $ -176M
2020-11-25 08:00 AM Oct
2020-12-25 08:00 AM Nov

Armenia Balance of Trade
Armenia’s foreign trade is limited due to landlocked location and border disputes with Turkey to the west and Azerbaijan to the east. As a result Armenia usually reports high trade deficits. Armenia’s main exports are metals and precious stones followed by energy, beverages, and vegetables and fruit. Armenia mainly imports oil, natural gas, cereals, rubber manufactures, cork and wood, and electrical machinery. Armenia’s main trading partners are Russia, Germany, Iran, the United States, China, Ukraine and Turkey .