Armenia recorded a trade deficit of 284.30 USD Million in November of 2021. source: National Statistical Service of the Republic of Armenia

Balance of Trade in Armenia averaged -176.94 USD Million from 2003 until 2021, 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 January of 2022.

Balance of Trade in Armenia is expected to be -229.00 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 -229.00 USD Million in 2022, according to our econometric models.

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Armenia Balance of Trade

Calendar GMT Actual Previous Consensus TEForecast
2021-11-25 08:00 AM Oct $-273.5M $-260M $-312M
2021-12-27 08:00 AM Nov $-284.3M $-274.2M $-290M
2022-01-31 08:00 AM Dec $-284.3M $ -229M

Related Last Previous Unit Reference
Balance of Trade -284.30 -274.20 USD Million Nov/21
Exports 298.60 269.30 USD Million Nov/21
Imports 582.90 543.50 USD Million Nov/21
Capital Flows -106.30 -18.80 USD Million Mar/21
Terms Of Trade 96.80 99.80 points Jul/21
Tourist Arrivals 14971.00 16.47 Thousand Dec/20
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 .