The trade gap in Armenia widened 27.9 percent to USD 301 million in November 2018 from USD 235 million in the same month a year earlier. Imports jumped 12.7 percent year-on-year to USD 501.7 million while exports fell 4.4 percent to USD 200.5 million. Considering the first eleven months of the year, the country posted a trade gap of USD 2,319 million, as purchases advanced 20.2 percent to USD 4,521 million and sales rose 9.4 percent to USD 2,202 million, when compared with the same period of the previous year. Balance of Trade in Armenia averaged -173.10 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 $-301M $-227M $ -169.2M
2019-01-31 08:00 AM Balance of Trade $-301M $ -187.4M
2019-02-25 08:00 AM Balance of Trade
2019-03-25 08:00 AM Balance of Trade


Armenia Trade Last Previous Highest Lowest Unit
Balance of Trade -301.20 -226.90 -33.98 -365.35 USD Million [+]
Current Account -251.10 -239.50 74.31 -511.22 USD Million [+]
Current Account to GDP -2.90 -2.70 -2.20 -22.00 percent [+]
Exports 200.50 229.00 231.90 34.21 USD Million [+]
Imports 501.70 455.90 501.70 78.72 USD Million [+]
External Debt 10836.59 10567.97 10836.59 1155.60 USD Million [+]
Capital Flows -22.50 -49.10 93.80 -705.70 USD Million [+]
Gold Reserves 0.00 0.00 1.40 0.00 Tonnes [+]
Terms Of Trade 100.30 96.30 140.50 62.40 Index Points [+]
Terrorism Index 2.37 0.29 2.37 0.00 [+]
Tourist Arrivals 44595.00 86834.00 164663.00 511.00 Thousand [+]
Remittances 389.50 336.40 742.69 98.05 USD Million [+]
Foreign Direct Investment 75.50 8.90 425.89 -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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-301.20 -226.90 -33.98 -365.35 2003 - 2018 USD Million Monthly




Country Last Previous
Argentina 979.00 Nov/18
Australia 1925.00 Nov/18
Brazil 6639.00 Dec/18
Canada -2060.10 Nov/18
China 570.60 Dec/18
Euro Area 18967.90 Nov/18
France -5099.00 Nov/18
Germany 20500.00 Nov/18
India -13080.00 Dec/18
Indonesia -1102.00 Dec/18
Italy 3784.00 Oct/18
Japan -737.30 Nov/18
Mexico -2382.00 Nov/18
Netherlands 6983.00 Nov/18
Russia 19697.00 Oct/18
Saudi Arabia 184673.00 Sep/18
Singapore 3799.41 Nov/18
South Africa 3494.40 Nov/18
South Korea 4558.00 Dec/18
Spain -3836500.00 Oct/18
Switzerland 3071.48 Nov/18
Turkey -651.36 Nov/18
United Kingdom -2904.00 Nov/18
United States -55488.00 Oct/18


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