The trade gap in Armenia widened to USD 326 million in August 2022, reaching the highest trade deficit since December 2019. Imports jumped to USD 887.3 million from USD 753.7 million in July while exports increased to USD 561.3 million from USD 477.7 million. source: National Statistical Service of the Republic of Armenia

Balance of Trade in Armenia averaged -180 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 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 2022.

Balance of Trade in Armenia is expected to be -280.00 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 -320.00 USD Million in 2023, according to our econometric models.

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Armenia Balance of Trade

Calendar GMT Actual Previous Consensus TEForecast
2022-08-25 08:00 AM Jul $-266.9M $-236.3M $-285M
2022-09-26 08:00 AM Aug $-326M $-276M $-275M
2022-10-25 08:00 AM Sep $-326M $ -280M

Related Last Previous Unit Reference
Balance of Trade -326.00 -276.00 USD Million Aug 2022
Imports 887.30 753.70 USD Million Aug 2022
Exports 561.30 477.70 USD Million Aug 2022
Capital Flows -267.30 -255.20 USD Million Mar 2022
Terms of Trade 105.00 94.50 points Jul 2022
Tourist Arrivals 249361.00 260533.00 Thousand Mar 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
-326.00 -276.00 -33.98 -440.00 2003 - 2022 USD Million Monthly