| National Accounts |
| Public Finance |
| BoP and Foreign Trade |
| Prices and Rates |
| Monetary Survey |
BALANCE OF PAYMENTS AND FOREIGN TRADE
Data source: Central Bank of Armenia and International Trade Center
Calculations and data processing: Economic Development and Research Center (EDRC)
Data were updated on December 14, 2018.
Note: According to the revisions implemented in the Balance of Payments of RA since 2004, the comparability with some indicators for the previous years decreased.
Figure 1. Foreign trade of Armenia, USD mln
Table 1. Balance of Payments, USD mln
|
|
2005 |
2008 |
2009 |
2010 |
2011 |
2012 |
2013 |
2014 |
2015 |
2016 |
2017 |
|
CURRENT ACCOUNT |
-123.9 |
-1,658.9 |
-1,425.5 |
-1,261.4 |
-1,058.9 |
-1,057.9 |
-813.0 |
-882.9 |
-272.4 |
-238.1 |
-279.7 |
|
Current Account (excluding current transfers) |
-509.7 |
-2,347.9 |
-1,923.4 |
-1,774.0 |
-1,643.3 |
-1,683.1 |
-1,517.7 |
-1,524.1 |
-693.1 |
-630.5 |
-725.1 |
|
Goods and Services |
-782.6 |
-3,127.5 |
-2,366.3 |
-2,326.5 |
-2,175.6 |
-2,214.0 |
-2,321.1 |
-2,168.9 |
-1,281.8 |
-1,015.8 |
-1,403.3 |
|
Exports of goods and services |
1,458.8 |
1,943.6 |
1,559.3 |
2,210.7 |
2,742.2 |
2,917.4 |
3,155.3 |
3,318.3 |
3,136.3 |
3,500.4 |
4,306.8 |
|
Imports of goods and services |
2,241.4 |
5,071.1 |
3,925.6 |
4,537.2 |
4,917.8 |
5,131.4 |
5,476.4 |
5,487.3 |
4,418.2 |
4,516.2 |
5,710.1 |
|
Goods |
-634.7 |
-2,816.3 |
-2,090.0 |
-2,065.7 |
-2,109.8 |
-2,111.9 |
-2,196.2 |
-2,055.4 |
-1,186.4 |
-944.4 |
-1,375.4 |
|
Exports of goods |
1,028.7 |
1,106.3 |
773.6 |
1,197.5 |
1,431.6 |
1,515.7 |
1,635.9 |
1,698.1 |
1,623.9 |
1,890.7 |
2,385.2 |
|
Imports of goods |
1,663.4 |
3,922.6 |
2,863.6 |
3,263.2 |
3,541.4 |
3,627.6 |
3,832.0 |
3,753.6 |
2,810.3 |
2,835.1 |
3,760.7 |
|
Services |
-147.9 |
-311.2 |
-276.3 |
-260.8 |
-65.8 |
-102.1 |
-125.0 |
-113.5 |
-95.4 |
-71.4 |
-27.9 |
|
Exports of services |
430.1 |
837.3 |
785.7 |
1,013.2 |
1,310.6 |
1,401.7 |
1,519.4 |
1,620.2 |
1,512.4 |
1,609.7 |
1,921.5 |
|
Imports of ervices |
578.1 |
1,148.5 |
1,062.0 |
1,274.0 |
1,376.4 |
1,503.8 |
1,644.4 |
1,733.7 |
1,607.9 |
1,681.1 |
1,949.4 |
|
Income |
206.0 |
691.3 |
358.8 |
458.3 |
360.1 |
423.1 |
682.5 |
541.1 |
442.9 |
224.2 |
463.3 |
|
Current transfers |
385.8 |
689.1 |
497.9 |
512.6 |
584.4 |
625.2 |
704.7 |
641.2 |
420.7 |
392.4 |
445.4 |
|
CAPITAL ACCOUNT |
84.0 |
171.4 |
87.9 |
98.9 |
94.6 |
108.4 |
84.4 |
70.4 |
65.3 |
34.9 |
46.3 |
|
FINANCIAL ACCOUNT |
-203.3 |
-1,528.8 |
-1,440.0 |
-1,318.5 |
-1,001.0 |
-759.0 |
-1,027.8 |
-848.9 |
-356.5 |
-431.6 |
-540.1 |
|
Net errors and omissions |
-163.4 |
-41.4 |
-102.4 |
-155.9 |
-36.8 |
190.5 |
-299.2 |
-36.5 |
-149.3 |
-228.3 |
-306.7 |
Table 2. Balance of Payments, % of GDP
|
|
2000 |
2005 |
2008 |
2009 |
2010 |
2011 |
2012 |
2013 |
2014 |
2015 |
2016 |
2017 |
|
CURRENT ACCOUNT |
-15.8 |
-2.5 |
-14.2 |
-16.5 |
-13.6 |
-10.4 |
-10.0 |
-7.3 |
-7.6 |
-2.6 |
-2.3 |
-2.4 |
|
Current Account (excluding current transfers) |
-20.3 |
-10.4 |
-20.1 |
-22.2 |
-19.2 |
-16.2 |
-15.8 |
-13.6 |
-13.1 |
-6.6 |
-6.0 |
-6.3 |
|
Goods and Services |
-27.8 |
-16.0 |
-26.8 |
-27.4 |
-25.1 |
-21.5 |
-20.8 |
-20.9 |
-18.7 |
-12.1 |
-9.6 |
-12.2 |
|
Exports of goods and services |
23.8 |
29.8 |
16.7 |
18.0 |
23.9 |
27.0 |
27.5 |
28.4 |
28.6 |
29.7 |
33.2 |
37.3 |
|
Imports of goods and services |
51.6 |
45.7 |
43.5 |
45.4 |
49.0 |
48.5 |
48.3 |
49.2 |
47.3 |
41.9 |
42.8 |
49.5 |
|
Goods |
-24.4 |
-13.0 |
-24.1 |
-24.2 |
-22.3 |
-20.8 |
-19.9 |
-19.7 |
-17.7 |
-11.2 |
-9.0 |
-11.9 |
|
Exports of goods |
16.4 |
21.0 |
9.5 |
8.9 |
12.9 |
14.1 |
14.3 |
14.7 |
14.6 |
15.4 |
17.9 |
20.7 |
|
Imports of goods |
40.8 |
33.9 |
33.6 |
33.1 |
35.2 |
34.9 |
34.2 |
34.5 |
32.3 |
26.6 |
26.9 |
32.6 |
|
Services |
-3.4 |
-3.0 |
-2.7 |
-3.2 |
-2.8 |
-0.6 |
-1.0 |
-1.1 |
-1.0 |
-0.9 |
-0.7 |
-0.2 |
|
Exports of services |
7.3 |
8.8 |
7.2 |
9.1 |
10.9 |
12.9 |
13.2 |
13.7 |
14.0 |
14.3 |
15.3 |
16.7 |
|
Imports of ervices |
10.7 |
11.8 |
9.8 |
12.3 |
13.8 |
13.6 |
14.2 |
14.8 |
14.9 |
15.2 |
15.9 |
16.9 |
|
Income |
3.1 |
4.2 |
5.9 |
4.1 |
4.9 |
3.6 |
4.0 |
6.1 |
4.7 |
4.2 |
2.1 |
4.0 |
|
Current transfers |
4.5 |
7.9 |
5.9 |
5.8 |
5.5 |
5.8 |
5.9 |
6.3 |
5.5 |
4.0 |
3.7 |
3.9 |
|
CAPITAL ACCOUNT |
0.7 |
1.7 |
1.5 |
1.0 |
1.1 |
0.9 |
1.0 |
0.8 |
0.6 |
0.6 |
0.3 |
0.4 |
|
FINANCIAL ACCOUNT |
-11.3 |
-4.1 |
-13.1 |
-16.7 |
-14.2 |
-9.9 |
-7.1 |
-9.2 |
-7.3 |
-3.4 |
-4.1 |
-4.7 |
|
Net errors and omissions |
3.8 |
-3.3 |
-0.4 |
-1.2 |
-1.7 |
-0.4 |
1.8 |
-2.7 |
-0.3 |
-1.4 |
-2.2 |
-2.7 |
Table 3. Armenian imports from the largest partner countries, USD mln
|
Country |
2001 |
2005 |
2010 |
2011 |
2012 |
2013 |
2014 |
2015 |
2016 |
2017 |
|
Russian Federation |
166.2 |
250.6 |
828.3 |
885.4 |
1,052.4 |
1,104.5 |
1,069.3 |
991.1 |
990.6 |
1,165.6 |
|
China |
2.1 |
26.1 |
402.1 |
402.5 |
397.1 |
383.5 |
414.4 |
315.5 |
363.5 |
465.8 |
|
Turkey |
29.0 |
53.1 |
210.5 |
240.4 |
213.1 |
210.2 |
230.9 |
136.5 |
169.0 |
221.6 |
|
Iran, Islamic Republic of |
72.8 |
101.0 |
217.7 |
217.0 |
219.5 |
187.6 |
206.4 |
198.3 |
164.9 |
174.5 |
|
Germany |
31.9 |
98.9 |
155.9 |
162.4 |
168.9 |
175.9 |
175.7 |
182.1 |
160.4 |
164.3 |
|
Italy |
28.6 |
44.6 |
121.1 |
167.8 |
166.6 |
162.9 |
178.8 |
148.1 |
127.4 |
124.3 |
|
Ukraine |
22.0 |
67.2 |
229.5 |
232.1 |
215.9 |
226.3 |
201.8 |
124.6 |
98.9 |
115.4 |
|
United States of America |
83.5 |
103.2 |
101.5 |
133.0 |
129.9 |
118.8 |
112.7 |
105.1 |
79.1 |
113.7 |
|
Switzerland |
28.3 |
87.9 |
69.5 |
78.3 |
87.0 |
172.3 |
146.0 |
51.6 |
37.6 |
92.7 |
|
Georgia |
12.9 |
39.3 |
49.7 |
59.4 |
48.5 |
65.3 |
71.2 |
66.7 |
95.0 |
87.3 |
|
United Arab Emirates |
44.5 |
85.4 |
36.3 |
49.1 |
47.8 |
67.4 |
67.5 |
43.6 |
57.8 |
85.9 |
|
France |
11.9 |
38.4 |
76.4 |
81.3 |
66.2 |
62.6 |
78.7 |
64.9 |
52.5 |
72.2 |
|
Canada |
6.9 |
4.1 |
20.5 |
27.6 |
15.1 |
23.2 |
17.9 |
13.6 |
11.9 |
63.3 |
|
Brazil |
0.2 |
2.7 |
51.3 |
83.3 |
93.1 |
87.3 |
91.4 |
61.4 |
48.9 |
62.6 |
|
Poland |
2.4 |
4.2 |
29.8 |
35.4 |
41.7 |
43.1 |
47.2 |
34.0 |
36.7 |
49.2 |
|
Greece |
13.5 |
37.8 |
50.8 |
60.6 |
28.7 |
22.0 |
15.4 |
16.7 |
21.3 |
48.9 |
|
India |
5.1 |
10.7 |
45.9 |
68.7 |
69.5 |
67.4 |
63.4 |
52.3 |
69.4 |
45.3 |
|
Japan |
2.9 |
2.6 |
55.6 |
40.9 |
63.5 |
45.9 |
43.8 |
45.6 |
32.4 |
44.6 |
|
Bulgaria |
6.2 |
11.1 |
112.4 |
102.2 |
86.4 |
68.3 |
25.5 |
26.0 |
32.0 |
39.9 |
|
Belarus |
1.0 |
11.5 |
31.9 |
29.5 |
33.6 |
40.8 |
31.0 |
33.8 |
23.2 |
37.6 |
|
Total selected countries |
572.0 |
1,080.5 |
2,896.7 |
3,157.0 |
3,244.4 |
3,335.1 |
3,289.0 |
2,711.5 |
2,672.3 |
3,274.8 |
|
Total imports |
837.5 |
1,691.5 |
3,781.8 |
4,109.3 |
4,266.9 |
4,256.2 |
4,159.5 |
3,257.0 |
3,218.5 |
3,893.5 |
Table 4. Armenian exports to the largest partner countries, USD mln
|
Country |
2001 |
2005 |
2010 |
2011 |
2012 |
2013 |
2014 |
2015 |
2016 |
2017 |
|
Russian Federation |
57.7 |
115.8 |
159.9 |
220.9 |
277.9 |
331.9 |
304.6 |
225.9 |
373.0 |
540.5 |
|
Bulgaria |
0.3 |
0.8 |
156.5 |
152.2 |
129.3 |
152.2 |
85.6 |
78.9 |
163.4 |
281.7 |
|
Switzerland |
23.0 |
34.6 |
16.9 |
33.7 |
71.4 |
24.7 |
14.0 |
40.8 |
95.0 |
246.5 |
|
Georgia |
11.9 |
34.1 |
48.2 |
55.0 |
78.0 |
75.2 |
65.9 |
114.0 |
141.2 |
144.9 |
|
Germany |
10.9 |
146.7 |
132.6 |
157.8 |
153.0 |
85.5 |
158.5 |
145.0 |
135.1 |
126.9 |
|
China |
0.1 |
9.2 |
30.9 |
16.3 |
31.0 |
68.8 |
171.0 |
165.2 |
99.7 |
118.5 |
|
Iraq |
0.0 |
0.0 |
0.4 |
4.9 |
15.7 |
47.7 |
80.6 |
130.7 |
140.5 |
117.2 |
|
United Arab Emirates |
7.2 |
10.2 |
8.0 |
9.7 |
9.2 |
9.4 |
12.0 |
11.1 |
68.8 |
92.4 |
|
Netherlands |
1.2 |
130.1 |
98.6 |
117.2 |
79.7 |
66.4 |
74.2 |
47.3 |
55.5 |
88.4 |
|
Iran, Islamic Republic of |
31.5 |
24.9 |
39.6 |
94.3 |
94.2 |
85.9 |
83.7 |
77.9 |
69.6 |
84.0 |
|
United States of America |
51.5 |
61.6 |
82.3 |
100.4 |
87.3 |
88.4 |
87.1 |
54.0 |
39.2 |
59.2 |
|
Syrian Arab Republic |
0.1 |
0.5 |
0.1 |
0.0 |
0.2 |
2.9 |
18.5 |
25.4 |
27.6 |
50.0 |
|
Belgium |
46.5 |
124.5 |
72.5 |
70.5 |
127.2 |
131.1 |
62.4 |
47.5 |
41.3 |
37.9 |
|
Italy |
6.0 |
25.4 |
4.8 |
4.6 |
7.7 |
23.1 |
34.5 |
49.0 |
31.5 |
36.1 |
|
Area Nes |
1.4 |
1.4 |
31.3 |
31.5 |
32.1 |
16.5 |
18.2 |
8.3 |
21.0 |
14.3 |
|
Ukraine |
10.9 |
13.6 |
12.0 |
11.1 |
14.3 |
14.8 |
10.3 |
6.0 |
8.2 |
10.0 |
|
Thailand |
0.0 |
0.8 |
2.8 |
3.6 |
3.0 |
2.7 |
22.4 |
1.2 |
2.6 |
8.2 |
|
Poland |
0.0 |
0.7 |
2.1 |
0.9 |
0.6 |
1.1 |
3.6 |
14.6 |
17.3 |
7.9 |
|
Canada |
0.9 |
11.4 |
29.6 |
70.3 |
85.0 |
87.4 |
93.3 |
112.1 |
133.1 |
7.1 |
|
Belarus |
1.2 |
2.5 |
4.6 |
5.8 |
6.5 |
8.6 |
9.0 |
5.5 |
13.1 |
6.9 |
|
Total selected countries |
262.4 |
748.9 |
933.8 |
1,160.7 |
1,303.2 |
1,324.2 |
1,409.4 |
1,360.4 |
1,676.9 |
2,078.8 |
|
Total exports |
335.8 |
937.0 |
1,011.4 |
1,320.4 |
1,428.1 |
1,467.8 |
1,490.2 |
1,482.7 |
1,807.8 |
2,145.0 |
Table 5. Largest import item groups, USD mln
|
Code |
Product |
2001 |
2005 |
2010 |
2011 |
2012 |
2013 |
2014 |
2015 |
2016 |
2017 |
|
2711 |
Natural and liquid gas |
85.6 |
96.9 |
339.5 |
411.7 |
520.3 |
575.6 |
467.3 |
432.9 |
348.0 |
358.3 |
|
2710 |
Oil and oil products |
88.1 |
155.5 |
304.1 |
370.9 |
360.5 |
341.6 |
321.2 |
217.4 |
198.3 |
242.6 |
|
3004 |
Medicine (weighted and packed) |
27.4 |
42.9 |
80.2 |
91.5 |
94.6 |
109.6 |
101.0 |
93.9 |
88.4 |
163.9 |
|
7102 |
Diamonds |
86.0 |
270.8 |
93.9 |
126.7 |
96.8 |
116.4 |
148.3 |
87.4 |
125.7 |
124.5 |
|
8517 |
Telephone (mobile) devices and other transmitting devices |
6.5 |
15.8 |
81.4 |
79.1 |
69.4 |
48.9 |
59.2 |
46.1 |
92.9 |
89.4 |
|
7601 |
Unwrought aluminium |
0.0 |
0.0 |
92.6 |
71.6 |
63.4 |
53.3 |
57.7 |
59.5 |
48.1 |
67.3 |
|
1001 |
Wheat and meslin |
42.4 |
47.9 |
87.9 |
90.6 |
131.8 |
108.7 |
100.8 |
70.6 |
60.1 |
60.5 |
|
7108 |
Gold |
18.7 |
74.3 |
60.1 |
78.4 |
74.0 |
168.6 |
145.1 |
23.3 |
21.5 |
56.6 |
|
8703 |
Motor cars |
7.3 |
37.6 |
59.2 |
76.7 |
60.3 |
61.6 |
60.8 |
87.9 |
41.3 |
49.0 |
|
8704 |
Motor vehicles for the transport of goods |
1.9 |
25.0 |
34.7 |
42.6 |
59.9 |
28.6 |
23.5 |
21.8 |
19.6 |
48.6 |
|
8429 |
Self-propelled bulldozers, angledozers, graders, levellers, scrapers, mechanical shovels, excavators |
0.1 |
1.6 |
23.7 |
30.6 |
44.8 |
22.4 |
20.0 |
13.4 |
16.5 |
45.1 |
|
2208 |
Ethyl spirit and alcoholic beverages |
1.0 |
9.1 |
29.6 |
27.5 |
38.7 |
40.8 |
38.9 |
33.7 |
47.0 |
43.7 |
|
1701 |
Cane or beet sugar and chemically pure sucrose, in solid form |
18.1 |
25.5 |
30.8 |
53.8 |
51.4 |
40.5 |
45.6 |
33.0 |
21.7 |
43.2 |
|
0207 |
Meat and edible offal of fowls of the species Gallus domesticus, ducks, geese, turkeys |
10.3 |
10.5 |
39.9 |
47.0 |
41.9 |
47.6 |
45.5 |
34.9 |
26.7 |
40.3 |
|
1806 |
Chocolate and other cocoa containing food |
4.4 |
12.4 |
35.9 |
38.3 |
39.7 |
42.4 |
38.6 |
37.6 |
37.3 |
40.2 |
|
Total for selected |
397.8 |
826.1 |
1,393.5 |
1,637.0 |
1,747.5 |
1,806.7 |
1,673.6 |
1,293.2 |
1,193.1 |
1,473.2 |
|
|
Total imports |
837.5 |
1,691.5 |
3,781.8 |
4,109.3 |
4,266.9 |
4,256.2 |
4,159.5 |
3,257.0 |
3,218.5 |
3,893.5 |
|
Table 6. Largest export item groups, USD mln
|
Code |
Product |
2001 |
2005 |
2010 |
2011 |
2012 |
2013 |
2014 |
2015 |
2016 |
2017 |
|
2603 |
Copper ores and concentrates |
11.7 |
16.6 |
210.6 |
260.6 |
227.6 |
279.9 |
235.9 |
316.6 |
370.1 |
571.5 |
|
2402 |
Cigar, Cigarillo, Cigarettes |
1.8 |
3.2 |
8.2 |
16.3 |
41.8 |
68.0 |
115.9 |
170.5 |
211.5 |
237.3 |
|
2208 |
Ethyl spirit, spirit tincture, liqueur and other alcoholic drinks |
36.0 |
79.9 |
95.7 |
131.2 |
164.8 |
186.2 |
163.7 |
92.5 |
150.9 |
207.5 |
|
7108 |
Gold |
19.2 |
36.5 |
28.6 |
67.3 |
77.5 |
73.6 |
81.9 |
98.9 |
140.9 |
145.0 |
|
7607 |
Aluminium foil |
6.2 |
0.2 |
78.5 |
87.0 |
81.1 |
80.4 |
88.5 |
82.9 |
77.1 |
96.4 |
|
7202 |
Ferro-alloys |
6.2 |
235.3 |
119.6 |
121.3 |
106.8 |
102.4 |
109.7 |
55.5 |
66.0 |
84.4 |
|
7102 |
Diamonds |
85.8 |
263.0 |
90.3 |
113.7 |
79.1 |
88.1 |
118.0 |
77.3 |
106.3 |
72.8 |
|
2716 |
Electricity |
16.6 |
17.9 |
26.2 |
87.5 |
95.2 |
78.0 |
81.3 |
77.5 |
57.1 |
71.0 |
|
7402 |
Non-refined copper, copper anode for electrolytic process |
9.7 |
42.7 |
92.6 |
114.6 |
104.8 |
90.2 |
71.8 |
65.5 |
62.8 |
70.7 |
|
9405 |
Lamps and lighting fittings |
0.1 |
0.0 |
0.1 |
0.2 |
0.6 |
0.4 |
0.1 |
0.1 |
0.5 |
37.4 |
|
6203 |
Men's or boys' suits, ensembles, jackets, blazers, trousers, bib and brace overalls |
2.2 |
0.4 |
1.3 |
2.1 |
6.5 |
9.7 |
11.7 |
16.3 |
21.2 |
28.0 |
|
7113 |
Articles of jewellery & parts |
15.5 |
34.0 |
13.2 |
12.2 |
13.2 |
21.3 |
21.5 |
18.1 |
19.1 |
26.9 |
|
6202 |
Women's or girls' overcoats, car coats, capes, cloaks, anoraks, incl. ski jackets, windcheaters |
4.5 |
0.2 |
0.5 |
0.7 |
1.6 |
9.3 |
18.6 |
19.6 |
17.6 |
24.5 |
|
6201 |
Men's or boys' overcoats, cloaks etc., not knitted or crocheted |
2.2 |
0.3 |
0.6 |
1.3 |
5.2 |
11.6 |
14.4 |
18.5 |
20.9 |
24.0 |
|
0302 |
Fish, fresh or chilled |
0.0 |
0.3 |
1.9 |
5.7 |
13.0 |
16.8 |
16.5 |
8.9 |
9.0 |
16.8 |
|
Total for selected |
217.8 |
730.4 |
768.0 |
1,021.6 |
1,018.7 |
1,115.9 |
1,149.5 |
1,118.7 |
1,331.0 |
1,714.2 |
|
|
Total exports |
335.8 |
937.0 |
1,011.4 |
1,320.4 |
1,428.1 |
1,467.8 |
1,490.2 |
1,482.7 |
1,807.8 |
2,145.0 |
|
