The trade gap in Armenia widened 5.6 percent to USD 225 million in October 2018 from USD 213 million in the corresponding month of the previous year. Imports went up 9 percent year-on-year to USD 454.5 million while exports jumped 12.6 percent to USD 229.3 million. Considering the first ten months of 2018, Armenia posted a trade deficit of USD 2,014 million, as purchases rose 25.8 percent to USD 4,018 million and shipments advanced at a softer 11.7 percent to USD 2,004 million, when compared with the same period of the previous year. Balance of Trade in Armenia averaged -172.40 USD Million from 2003 until 2018, reaching an all time high of -33.98 USD Million in August of 2003 and a record low of -365.35 USD Million in December of 2008.

Balance of Trade in Armenia is expected to be -187.40 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 -205.40 in 12 months time. In the long-term, the Armenia Balance of Trade is projected to trend around -211.40 USD Million in 2020, according to our econometric models.

Armenia Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-20 08:00 AM Balance of Trade $-228M $-217.1M $ -193.6M
2018-10-22 08:00 AM Balance of Trade $-212M $-228M $ -184M
2018-11-20 08:00 AM Balance of Trade $-225M $-212M $ -173.9M
2018-12-20 08:00 AM Balance of Trade $-225M $ -169.2M


Armenia Trade Last Previous Highest Lowest Unit
Balance of Trade -225.20 -212.80 -33.98 -365.35 USD Million [+]
Exports 229.30 186.50 231.90 34.21 USD Million [+]
Imports 454.50 399.30 482.90 78.72 USD Million [+]
Current Account -220.00 -229.40 74.31 -511.22 USD Million [+]
Current Account to GDP -2.90 -2.70 -2.20 -22.00 percent [+]
External Debt 10567.97 10687.78 10687.78 1155.60 USD Million [+]
Capital Flows -100.60 -212.40 93.80 -705.70 USD Million [+]
Terms Of Trade 102.90 102.50 140.50 62.40 Index Points [+]
Terrorism Index 2.37 0.29 2.37 0.00 [+]
Tourist Arrivals 86834.00 52651.00 164663.00 511.00 Thousand [+]
Remittances 336.40 261.10 742.69 98.05 USD Million [+]
Foreign Direct Investment 9.40 90.50 425.89 -67.53 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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 . 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 - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-225.20 -212.80 -33.98 -365.35 2003 - 2018 USD Million Monthly




Country Last
Argentina 314.00 Sep/18
Australia 3017.00 Sep/18
Brazil 6121.36 Oct/18
Canada -416.30 Sep/18
China 340.16 Oct/18
Euro Area 13141.70 Sep/18
France -5663.00 Sep/18
Germany 18395.00 Sep/18
India -17130.00 Oct/18
Indonesia -1819.90 Oct/18
Italy 1274.37 Sep/18
Japan -449.26 Oct/18
Mexico -194.00 Sep/18
Netherlands 4949.00 Sep/18
Russia 18485.00 Sep/18
Saudi Arabia 162782.00 Jun/18
Singapore 4520.91 Oct/18
South Africa -2950.00 Sep/18
South Korea 6552.00 Oct/18
Spain -3057300.00 Aug/18
Switzerland 2637.00 Oct/18
Turkey -1869.47 Sep/18
United Kingdom -27.00 Sep/18
United States -54019.00 Sep/18


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