Armenia

Compare Armenia →

AM · ARM · BACI 51 · latest data 2024

Exports

$13.4B USD, nominal · 2024

= $13,404 M277.0% over 5 yrs (up)

Imports

$17.6B USD, nominal · 2024

= $17,566 M225.4% over 5 yrs (up)

Trade balancedeficit

−$4.2B USD, nominal · 2024

= −$4,161 M

Total trade

$31.0B USD, nominal · 2024

= $30,970 M245.9% over 5 yrs (up)

World position: #92 of 225 exporters · top half · #89 of 225 importers · top half · 2024
World export share since 1995: +0.1 pp

Trade timeline

Armenia's exports grew from $65M in 1995 to $13.4B in 2024; the 2024 balance was −$4.2B.

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Exports, imports, trade balance and total trade of Armenia per year, USD millions.
Year	Exports ($M)	Imports ($M)	Balance ($M)	Total ($M)
1995	$65 M	$150 M	−$85 M	$215 M
1996	$122 M	$398 M	−$277 M	$520 M
1997	$257 M	$873 M	−$616 M	$1,130 M
1998	$197 M	$460 M	−$263 M	$657 M
1999	$259 M	$877 M	−$619 M	$1,136 M
2000	$344 M	$943 M	−$599 M	$1,287 M
2001	$388 M	$957 M	−$569 M	$1,345 M
2002	$548 M	$1,089 M	−$541 M	$1,638 M
2003	$811 M	$1,395 M	−$584 M	$2,207 M
2004	$795 M	$1,503 M	−$708 M	$2,297 M
2005	$1,031 M	$2,007 M	−$976 M	$3,038 M
2006	$1,209 M	$2,374 M	−$1,165 M	$3,584 M
2007	$1,373 M	$3,375 M	−$2,002 M	$4,747 M
2008	$1,116 M	$4,506 M	−$3,389 M	$5,622 M
2009	$762 M	$3,524 M	−$2,762 M	$4,286 M
2010	$1,109 M	$3,882 M	−$2,773 M	$4,990 M
2011	$1,586 M	$4,366 M	−$2,780 M	$5,952 M
2012	$1,720 M	$4,448 M	−$2,728 M	$6,168 M
2013	$1,731 M	$4,512 M	−$2,781 M	$6,244 M
2014	$1,829 M	$4,448 M	−$2,619 M	$6,278 M
2015	$1,714 M	$3,443 M	−$1,728 M	$5,157 M
2016	$2,244 M	$3,545 M	−$1,302 M	$5,789 M
2017	$2,614 M	$4,338 M	−$1,724 M	$6,951 M
2018	$3,201 M	$5,098 M	−$1,898 M	$8,299 M
2019	$3,556 M	$5,399 M	−$1,843 M	$8,955 M
2020	$3,230 M	$4,675 M	−$1,444 M	$7,905 M
2021	$3,709 M	$5,692 M	−$1,982 M	$9,401 M
2022	$6,192 M	$11,354 M	−$5,162 M	$17,546 M
2023	$9,019 M	$13,375 M	−$4,356 M	$22,394 M
2024	$13,404 M	$17,566 M	−$4,161 M	$30,970 M

30 rows

World share & rank

World export share moved from 0.0% in 1995 to 0.1% in 2024; export rank #171 → #92.

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World export and import share in percent, and world ranks, of Armenia per year.
Year	Export share (%)	Import share (%)	Export rank	Import rank
1995	0.00%	0.00%	#171	#175
1996	0.00%	0.01%	#161	#157
1997	0.00%	0.02%	#152	#132
1998	0.00%	0.01%	#154	#153
1999	0.00%	0.02%	#152	#139
2000	0.01%	0.01%	#153	#141
2001	0.01%	0.02%	#150	#143
2002	0.01%	0.02%	#142	#138
2003	0.01%	0.02%	#136	#143
2004	0.01%	0.02%	#143	#144
2005	0.01%	0.02%	#140	#132
2006	0.01%	0.02%	#141	#136
2007	0.01%	0.02%	#141	#133
2008	0.01%	0.03%	#149	#129
2009	0.01%	0.03%	#157	#135
2010	0.01%	0.03%	#151	#140
2011	0.01%	0.02%	#147	#141
2012	0.01%	0.02%	#144	#144
2013	0.01%	0.02%	#146	#142
2014	0.01%	0.02%	#144	#142
2015	0.01%	0.02%	#141	#148
2016	0.01%	0.02%	#135	#146
2017	0.01%	0.02%	#134	#141
2018	0.02%	0.03%	#130	#137
2019	0.02%	0.03%	#129	#135
2020	0.02%	0.03%	#128	#136
2021	0.02%	0.03%	#132	#136
2022	0.03%	0.05%	#121	#112
2023	0.04%	0.06%	#106	#103
2024	0.06%	0.08%	#92	#89

30 rows

Trading partners

Russia was Armenia's top trading partner in 2024, at 40.0% of total trade; the top five partners covered 74.9%.

Year

Top partner share: 40.0%
Top-5 share: 74.9%
Partners: 192
Partner HHI (0–1): 0.204

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United Arab Emirates $5.3B

Russia $3.1B

Hong Kong $1.8B

China $1.1B

Iraq $246M

Georgia $240M

Netherlands $132M

Iran $108M

Germany $82M

United States $73M

Italy $67M

India $38M

Curaçao $27M

Vietnam $6M

Türkiye $5M

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Top partners of Armenia in 2024, USD millions.
Rank	Partner	Exports to ($M)	Imports from ($M)	Total ($M)	Balance ($M)
#1	Russia	$3,135 M	$9,238 M	$12,373 M	−$6,102 M
#2	United Arab Emirates	$5,255 M	$82 M	$5,337 M	$5,173 M
#3	China	$1,097 M	$1,668 M	$2,766 M	−$571 M
#4	Hong Kong	$1,782 M	$37 M	$1,820 M	$1,745 M
#5	Vietnam	$6 M	$881 M	$887 M	−$875 M
#6	Georgia	$240 M	$530 M	$769 M	−$290 M
#7	Iran	$108 M	$629 M	$737 M	−$520 M
#8	Germany	$82 M	$402 M	$484 M	−$320 M
#9	Italy	$67 M	$350 M	$417 M	−$283 M
#10	India	$38 M	$318 M	$355 M	−$280 M
#11	Türkiye	$5 M	$332 M	$338 M	−$327 M
#12	United States	$73 M	$234 M	$307 M	−$160 M
#13	Curaçao	$27 M	$237 M	$264 M	−$210 M
#14	Iraq	$246 M	$0 M	$247 M	$246 M
#15	Netherlands	$132 M	$96 M	$228 M	$36 M

15 rows

Products & sectors

Product composition of Armenia's trade in 2024.

Year

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Concentration & risk

Armenia's export partners diversified over 1995–2024 — HHI 0.272 → 0.234, a moderately concentrated export base across 136 partners in 2024.

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Export and import partner HHI (0–1) and partner counts of Armenia per year.
Year	Export HHI	Import HHI	Export partners	Import partners
1995	0.272	0.142	39	46
1996	0.263	0.114	45	48
1997	0.139	0.108	65	76
1998	0.188	0.115	53	61
1999	0.169	0.072	69	89
2000	0.110	0.069	92	86
2001	0.094	0.077	95	91
2002	0.105	0.074	96	98
2003	0.115	0.070	100	107
2004	0.082	0.057	105	105
2005	0.091	0.057	106	114
2006	0.070	0.056	117	143
2007	0.088	0.058	117	148
2008	0.095	0.065	117	159
2009	0.082	0.082	117	141
2010	0.084	0.073	116	157
2011	0.077	0.070	141	161
2012	0.081	0.082	128	158
2013	0.086	0.085	125	159
2014	0.082	0.084	127	158
2015	0.077	0.109	120	170
2016	0.084	0.118	136	164
2017	0.096	0.110	137	163
2018	0.099	0.098	128	169
2019	0.106	0.114	131	178
2020	0.104	0.138	124	163
2021	0.097	0.147	137	186
2022	0.182	0.111	133	181
2023	0.214	0.115	133	186
2024	0.234	0.293	136	184

30 rows

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