Armenia recorded a trade deficit of 203.90 USD Million in March of 2019. Balance of Trade in Armenia averaged -173.51 USD Million from 2003 until 2019, 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 -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 -198.00 in 12 months time. In the long-term, the Armenia Balance of Trade is projected to trend around -229.00 USD Million in 2020, according to our econometric models.

Armenia Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-01-31 08:00 AM Balance of Trade $-234.9M $-299.6M $ -187.4M
2019-02-25 08:00 AM Balance of Trade $-171.9M $-234.9M $-250M
2019-03-25 08:00 AM Balance of Trade $-183M $-153.2M
2019-04-25 08:00 AM Balance of Trade $-203.9M $-185.1M $-200M
2019-05-27 08:00 AM Balance of Trade $-203.9M $-180M
2019-06-25 08:00 AM Balance of Trade $-242M
2019-07-25 08:00 AM Balance of Trade $ -176M


Armenia Trade Last Previous Highest Lowest Unit
Balance of Trade -203.90 -185.10 -33.98 -365.35 USD Million [+]
Current Account -389.80 -264.10 74.31 -511.22 USD Million [+]
Current Account to GDP -6.60 -2.40 -2.20 -22.00 percent [+]
Exports 206.50 192.10 231.90 34.21 USD Million [+]
Imports 410.40 377.20 502.30 78.72 USD Million [+]
External Debt 10916.02 10836.59 10916.02 1155.60 USD Million [+]
Capital Flows -299.20 -42.10 93.80 -705.70 USD Million [+]
Gold Reserves 0.00 0.00 1.40 0.00 Tonnes [+]
Terms Of Trade 106.80 104.10 140.50 62.40 Index Points [+]
Terrorism Index 1.69 2.37 2.37 0.00 [+]
Tourist Arrivals 61173.00 44595.00 164663.00 511.00 Thousand [+]
Remittances 389.50 336.40 742.69 98.05 USD Million [+]
Foreign Direct Investment 70.70 75.50 425.89 -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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-203.90 -185.10 -33.98 -365.35 2003 - 2019 USD Million Monthly




Country Last Previous
Argentina 1183.00 Mar/19
Australia 4949.00 Mar/19
Brazil 6060.00 Apr/19
Canada -3211.20 Mar/19
China 138.39 Apr/19
Euro Area 22532.90 Mar/19
France -5324.00 Mar/19
Germany 22683.00 Mar/19
India -15330.00 Apr/19
Indonesia -2501.90 Apr/19
Italy 4625.00 Mar/19
Japan 528.50 Mar/19
Mexico 1429.00 Mar/19
Netherlands 5330.00 Mar/19
Russia 15537.00 Mar/19
Saudi Arabia 180059.00 Dec/18
Singapore 2782.79 Apr/19
South Africa 5004.63 Mar/19
South Korea 4120.00 Apr/19
Spain -2352600.00 Mar/19
Switzerland 2494.00 Mar/19
Turkey -2136.73 Mar/19
United Kingdom -5408.00 Mar/19
United States -50000.00 Mar/19


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