Armenia

In 2013, the value of merchandise exports of Armenia increased slightly by 2.8 percent to reach 1.5 bln US$, while its merchandise imports decreased slightly by 0.3 percent to reach 4.3 bln US$ (see graph 1, table 2 and table 3). The merchandise trade balance recorded a relatively large deficit of 2.8 bln US$ (see graph 1). The largest merchandise trade balance was with MDG CIS at -983.0 mln US$ (see graph 4). Merchandise exports in Armenia were diversified amongst partners; imports were also diversified. The top 11 partners accounted for 80 percent or more of exports and 18 partners accounted for 80 percent or more of imports (see graph 5). In 2012, the value of exports of services of Armenia decreased slightly by 0.1 percent, reaching 823.3 mln US$, while its imports of services increased slightly by 1.7 percent and reached 1.2 bln US$ (see graph 2). There was a moderate trade in services deficit of 331.4 mln US$.

Related Subject(s): International Trade and Finance

Countries: Armenia