Trade Trend

In 2023, Armenia's total export value is 8.38Billion USD, total import value is 11.98Billion USD, Deficit is -3.59Billion USD, and foreign trade dependency is 0.841. In 2023，Armenia's top export products are Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(1.81Billion USD), Diamonds, whether or not worked, but not mounted or set(598.81Million USD), Telephone sets, including smartphones and other telephones for cellular/wireless networks; other apparatus for the transmission or reception of voice, images or other data (including wired/wireless networks), excluding items of 8443, 8525, 8527, or 8528(535.20Million USD), top export destinations are Russia(3.39Billion USD), United Arab Emirates(2.22Billion USD), Hong Kong CN(668.41Million USD). In 2023, Armenia's top import products are Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(1.34Billion USD), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(1.07Billion USD), Telephone sets, including smartphones and other telephones for cellular/wireless networks; other apparatus for the transmission or reception of voice, images or other data (including wired/wireless networks), excluding items of 8443, 8525, 8527, or 8528(714.30Million USD), top import origins are Russia(3.83Billion USD), China(1.62Billion USD), Vietnam(815.19Million USD).

Comparing to 2022, Armenia's total export value increased 3.15Billion USD(60.16%) in 2023, this could result from its export increases of products such as Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(1.40Billion USD or 337.12%), Jewellery articles and parts thereof, of precious metal or of metal clad with precious metal(380.67Million USD or 341.97%), Telephone sets, including smartphones and other telephones for cellular/wireless networks; other apparatus for the transmission or reception of voice, images or other data (including wired/wireless networks), excluding items of 8443, 8525, 8527, or 8528(264.56Million USD or 97.75%) and export increases to countries/economics such as United Arab Emirates(1.69Billion USD or 316.79%), Russia(1.09Billion USD or 47.46%), Hong Kong CN(642.78Million USD or 2.51Thousands%). Comparing to 2022, Armenia's total import value increased 3.39Billion USD(39.41%) in 2023, this could result from its import increases of products such as Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(1.12Billion USD or 494.50%), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(469.82Million USD or 78.37%), Telephone sets, including smartphones and other telephones for cellular/wireless networks; other apparatus for the transmission or reception of voice, images or other data (including wired/wireless networks), excluding items of 8443, 8525, 8527, or 8528(333.79Million USD or 87.72%), and its import increases from countries/economies such as Russia(1.25Billion USD or 48.55%), Vietnam(640.04Million USD or 365.44%), China(293.44Million USD or 22.14%).

Cumulated to first 6 months of 2024, Armenia's total export value is 5.34Billion USD, total import value is 4.96Billion USD, and tradesurplus is 380.79Million USD. Cumulated to first 6 months of 2024, Armenia's top export products are Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(3.07Billion USD), Jewellery articles and parts thereof, of precious metal or of metal clad with precious metal(452.87Million USD), Telephone sets, including smartphones and other telephones for cellular/wireless networks; other apparatus for the transmission or reception of voice, images or other data (including wired/wireless networks), excluding items of 8443, 8525, 8527, or 8528(219.97Million USD), and top export destinations are United Arab Emirates(2.05Billion USD), Hong Kong CN(1.41Billion USD), Russia(708.88Million USD). Cumulated to first 6 months of 2024, Armenia's top import products are Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(3.07Billion USD), Jewellery articles and parts thereof, of precious metal or of metal clad with precious metal(452.87Million USD), Telephone sets, including smartphones and other telephones for cellular/wireless networks; other apparatus for the transmission or reception of voice, images or other data (including wired/wireless networks), excluding items of 8443, 8525, 8527, or 8528(219.97Million USD), and top import origins areRussia(2.75Billion USD), China(467.67Million USD), Vietnam(298.47Million USD).