Armenia Net Trade (Goods & Services, BoP)
Armenia's net trade (goods & services, bop) rose to $-468.7 million in 2024, up from $-193.72 million in 2023, according to World Bank. This represents an increase of 141.9% ($274.98 million) from the previous year. Armenia has net trade (goods & services, bop) lower than the global median (-$468.70 million vs median -$215.12 million). Compared with the median in Asia, Armenia is lower (-$468.70 million vs regional median $634.26 million) and ranks 24th out of 42 countries in Asia.
Yearly Historical Data (1993-2024)
(in Million USD)Armenia Net Trade (Goods & Services, BoP) : Definition
Net Trade (Goods & Services, BoP) measures the difference between exports and imports of goods and services in Armenia, recorded on a Balance of Payments basis and measured in current US dollars. A positive value indicates a trade surplus, while a negative value indicates a trade deficit.