Armenia recorded a trade deficit of 433 USD Million in December of 2022. source: National Statistical Service of the Republic of Armenia

Balance of Trade in Armenia averaged -182.97 USD Million from 2003 until 2022, reaching an all time high of -33.98 USD Million in August of 2003 and a record low of -440.00 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 February of 2023.

Balance of Trade in Armenia is expected to be -310.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Armenia Balance of Trade is projected to trend around -325.00 USD Million in 2024 and -330.00 USD Million in 2025, according to our econometric models.

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Armenia Balance of Trade

Calendar GMT Actual Previous Consensus TEForecast
2022-12-26 08:00 AM Nov $-394M $-317M $-390M
2023-01-31 08:00 AM Dec $-433M $-382M $ -390M
2023-02-27 08:00 AM Jan $-433M

Related Last Previous Unit Reference
Balance of Trade -433.00 -382.10 USD Million Dec 2022
Imports 1012.50 996.40 USD Million Dec 2022
Exports 579.10 614.30 USD Million Dec 2022
Capital Flows 330.10 -219.30 USD Million Jun 2022
Terms of Trade 101.30 109.20 points Oct 2022
Tourist Arrivals 588731.00 249361.00 Thousand Jun 2022

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 .
Actual Previous Highest Lowest Dates Unit Frequency
-433.00 -382.10 -33.98 -440.00 2003 - 2022 USD Million Monthly

News Stream
Armenia Trade Deficit Widens in December
The trade deficit in Armenia increased to USD 433 million in December of 2022, from USD 325 million in the corresponding month of the previous year. Still, it was the largest trade deficit since December 2019’s record high of USD 440 million, as exports climbed by 90.2 percent to USD 579 million, while imports grew by 60.2 percent to USD 1,013 million. Considering the full year of 2022, the country posted a deficit of USD 3,409 million.
Armenia Trade Deficit Largest in 3 Years
The trade deficit in Armenia widened to USD 394 million in November of 2022, compared to USD 298 million in the same month a year earlier. It was the largest trade deficit since December 2019’s record high of USD 440 million, as imports rose by 63.9 percent to USD 981 million while exports advanced by 98.5 percent to USD 587 million. Considering the January-November period, the country recorded a deficit of USD 2,991 million.
Armenia Posts Largest Trade Deficit in 3 Years
The trade deficit in Armenia increased to 24.4 percent to USD 345 million in October of 2022 from USD 275 million in the same month a year earlier. It was the largest trade deficit since December 2019's record high, as imports surged 74.8 percent to an all-time high of USD 950 million and exports jumped 124.6 percent to a record USD 606 million. Considering the first 10 months of the year, the country posted a trade deficit of USD 2,626 million, as purchases rose 163.5 percent to USD 6,756 million and sales advanced 171.2 percent to USD 4,129 million.