Exports in Armenia

Armenia Exports | Economic News & Forecasts

Armenia - Exports

The economy seems to have expanded at a firmer pace in the first quarter of this year, after GDP growth picked up steam in Q4 2021. Economic activity growth averaged higher in January–March compared to the previous quarter’s average, likely thanks to healthier external demand as pandemic-related constraints subsided. That said, the economy is set to be markedly affected by the economic fallout stemming from Russia-Ukraine war in Q2. Unprecedented international sanctions will likely drive a sharp fall in exports to Russia—Armenia’s largest trading partner—while tumbling remittances and investment from Russia paint a grim picture for domestic demand. Meanwhile, protests demanding the resignation of Prime Minister Nikol Pashinyan erupted in early May, reflecting a highly volatile political environment domestically and boding poorly for the business climate.

Armenia - Exports Data

2015   2016   2017   2018   2019  
Exports (USD billion)1.6  1.9  2.4  2.6  2.9  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.


Note: Exports in USD bn.
Source: Central Bank of Armenia

Armenia Facts

Value Change Date
Stock Market0.10.0 %Jan 07

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.


Request a Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form