Xifres de comerç exterior d'Armènia

Foreign Trade in Figures

Foreign trade in Armenia represents 101% of GDP (World Bank, latest data available), and the country follows an open and liberal policy regarding international commerce. Overall, minerals represent more than half of total exports, which include mosltly copper ores, diamonds, gold, cigars, and ethyl alcohol. On the other hand, Armenia mainly imports motor cars, petroleum gases and oils, diamonds, and telephones (Comtrade).

According to data from Comtrade, Armenia’s main export partners in 2022 were Russia (44.6%), the United Arab Emirates (10.1%), China (7.0%), Switzerland (4.8%), Iraq (4.7%), and the Netherlands (4.0%). The Russian Federation was also the main import partner (30.4%), followed by China (15.4%), Iran (6.9%), Germany (4.6%), and the United States (4.1%). The country has been searching for new energy sources, especially after the Russian-Georgian conflict, which temporarily disrupted its hydrocarbon supply and revealed the country's energy vulnerabilities. Tensions remain with a couple of its neighboring countries, such as Azerbaijan and Turkey, and have an impact on trade. Armenia's closeness with Russia and its adherence to the Eurasian Economic Union limit the country's ability to further integrate with the EU.

Armenia has a structural trade deficit, estimated at 1% of GDP in 2022, compared to 7.9% one year earlier (World Bank). According to figures from the WTO, in 2022, Armenia exported goods with a total value of USD 5.3 billion (+77.3% year-on-year), while it imported goods worth USD 8.7 billion (an increase of 63.7%). Concerning services, the country exported USD 4.1 billion and imported USD 2.5 billion (+240.7% and +90.3% year-on-year, respectively). According to the latest figures from the National Statistics Committee (NSC), Armenia's exports in the first ten months of 2023 rose by 38.5% year-on-year, reaching about USD 5.8 billion, while imports reached USD 9.6 billion, up 42.9% compared to the same period one year earlier.