Armenia Trade Balance
External balance on goods and services NE.RSB.GNFS.CD
Armenia's trade balance was $-168.8M in 2025, ranked 80th globally. This represents a 76.9% increase from 2024. Data from World Bank, covering 1990–2025.
Overview
Armenia's trade balance stood at $-168.8M in 2025, a rise of +$561.6M from 2024. Based on recent trends, this figure is projected to reach $-168.8M by 2025. Armenia ranked 80th globally.
Armenia’s trade balance has remained persistently negative over the 36‑year series, recording a deficit of ‑168,767,826.97 in 2025, which places the country 80th globally among World Bank reporters. The deepest short‑term shortfall occurred in 2008 when the deficit surged to ‑3,033,398,111.05, reflecting the global financial crisis and a sharp contraction in export revenues. Since then, the gap has narrowed, reaching its best level in 2022 at ‑143,773,268.76, yet still far from the early‑1990s figure of ‑255,697,111.07. Compared with peers of similar rank, Armenia’s 2025 deficit is modestly larger than Eswatini’s ‑145,092,532.34 but smaller than the Bahamas’ ‑177,380,000.00, suggesting comparable external constraints in small, open economies. Continued diversification of export markets and improvements in domestic production capacity could compress the deficit further, steering the balance toward a more sustainable trajectory.
Data & projection
| Year | Trade Balance | YoY change | Rank |
|---|---|---|---|
| 2027* trend | $194.9M | - | - |
| 2026* trend | $13.1M | - | - |
| 2025* trend | $-168.8M | - | - |
| 2025 | $-168.8M | +$561.6M | #80 |
| 2024 | $-730.4M | −$391.3M | #67 |
| 2023 | $-339.1M | −$195.3M | #81 |
| 2022 | $-143.8M | +$954.2M | #109 |
| 2021 | $-1.1B | +$162.2M | #67 |
| 2020 | $-1.3B | +$554.2M | #64 |
| 2019 | $-1.8B | −$109.2M | #56 |
| 2018 | $-1.7B | −$463.6M | #58 |
| 2017 | $-1.2B | −$335.7M | #60 |
| 2016 | $-905.9M | +$385.0M | #72 |
| 2015 | $-1.3B | +$875.3M | #76 |
| 2014 | $-2.2B | +$152.5M | #61 |
| 2013 | $-2.3B | −$105.8M | #56 |
| 2012 | $-2.2B | +$260.7M | #56 |
| 2011 | $-2.5B | −$145.0M | #48 |
Detected Pattern
Analysis
Armenia matched the Export Boom Cycle pattern in 2022. Historically, 71% of countries showing this pattern (546 out of 768) saw trade balance improve within 24 months. View full analysis →
Frequently Asked Questions
Armenia's trade balance was $-168.8M in 2025. Ranked 80th globally. This represents a 76.9% increase from the previous year.
Armenia's trade balance peaked at $-143.8M in 2022.
The lowest trade balance in Armenia was $-3.0B in 2008.
Armenia ranks 80th globally in trade balance as of 2025.
The World Bank indicator code is NE.RSB.GNFS.CD. Data sourced from World Bank.
Armenia's trade balance is projected to reach $-168.8M by 2025 based on trend extrapolation.
The trade balance of Armenia in 2025 was $-168.8M. This ranks 80th in the world.
Cite this page
@misc{historysaid_armenia_trade-balance,
title = {Armenia Trade Balance},
url = {https://historysaid.com/armenia/trade-balance/},
publisher = {HistorySaid},
year = {2026}
}