Merchandise exports by the reporting economy (current US$) in Armenia
Armenia: Merchandise exports by the reporting economy (current US$) was 8.53 billion current US$ in 2023. ◆ Volatile
Merchandise exports by the reporting economy in Armenia, 1992–2023
Source: Staff estimates, World Bank (WB). Measured in current US$.
Analysis
In 2023, merchandise exports by the reporting economy in Armenia stood at 8.53 billion current US$. That is the highest value across all 32 years on record.
Compared with earlier readings it is up 59.7% on the previous year and up 483.1% over ten years.
Over the whole period, merchandise exports by the reporting economy in Armenia peaked at 8.53 billion current US$ in 2023 and was at its lowest, 6.58 million current US$, in 1992.
That places Armenia 98th out of 206 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise exports by the reporting economy (current US$) in Armenia, year by year
| Year | current US$ | Change |
|---|---|---|
| 1992 | 6.58 million current US$ | — |
| 1993 | 141.11 million current US$ | +2044.7% |
| 1994 | 189.35 million current US$ | +34.2% |
| 1995 | 239.96 million current US$ | +26.7% |
| 1996 | 239.33 million current US$ | -0.3% |
| 1997 | 230.09 million current US$ | -3.9% |
| 1998 | 212.11 million current US$ | -7.8% |
| 1999 | 223.13 million current US$ | +5.2% |
| 2000 | 269.52 million current US$ | +20.8% |
| 2001 | 338.86 million current US$ | +25.7% |
| 2002 | 503.32 million current US$ | +48.5% |
| 2003 | 684.78 million current US$ | +36.1% |
| 2004 | 721.26 million current US$ | +5.3% |
| 2005 | 973.80 million current US$ | +35.0% |
| 2006 | 981.27 million current US$ | +0.8% |
| 2007 | 1.15 billion current US$ | +16.9% |
| 2008 | 1.05 billion current US$ | -8.4% |
| 2009 | 688.06 million current US$ | -34.5% |
| 2010 | 1.03 billion current US$ | +49.6% |
| 2011 | 1.31 billion current US$ | +27.3% |
| 2012 | 1.41 billion current US$ | +7.5% |
| 2013 | 1.46 billion current US$ | +3.9% |
| 2014 | 1.50 billion current US$ | +2.6% |
| 2015 | 1.48 billion current US$ | -1.7% |
| 2016 | 1.76 billion current US$ | +19.6% |
| 2017 | 2.22 billion current US$ | +25.8% |
| 2018 | 2.39 billion current US$ | +7.9% |
| 2019 | 2.63 billion current US$ | +10.1% |
| 2020 | 2.53 billion current US$ | -3.9% |
| 2021 | 3.00 billion current US$ | +18.5% |
| 2022 | 5.34 billion current US$ | +78.1% |
| 2023 | 8.53 billion current US$ | +59.7% |
Armenia compared with similar countries
- Armenia's 8.53 billion current US$ is below the median for upper middle income countries, which is 11.56 billion current US$, 74% of the median. (59 countries reporting)
- Armenia's 8.53 billion current US$ is below the median for Europe & Central Asia, which is 42.77 billion current US$, 20% of the median. (53 countries reporting)
Biggest year-on-year movements
Years where Merchandise exports by the reporting economy (current US$) in Armenia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1993 | +2044.7% | 6.58 million current US$ | 141.11 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 185.21 million current US$ | 6.58 million current US$ | 239.96 million current US$ | 8 |
| 2000s | 735.85 million current US$ | 269.52 million current US$ | 1.15 billion current US$ | 10 |
| 2010s | 1.72 billion current US$ | 1.03 billion current US$ | 2.63 billion current US$ | 10 |
| 2020s | 4.85 billion current US$ | 2.53 billion current US$ | 8.53 billion current US$ | 4 |
Countries ranked near Armenia
- 95 Zambia 10.43 billion current US$ compare
- 96 Bosnia and Herzegovina 9.22 billion current US$ compare
- 97 North Macedonia 8.99 billion current US$ compare
- 99 Guyana 8.32 billion current US$ compare
- 100 Laos 8.28 billion current US$ compare
- 101 Mozambique 8.23 billion current US$ compare
More private sector data for Armenia
- Merchandise trade 73.3% (2025)
- Food imports 8.4% (2024)
- Manufactures imports 43.4% (2024)
- Merchandise imports 13.04 billion current US$ (2025)
- Food exports 9.4% (2024)
- Manufactures exports 29.5% (2024)
- Merchandise exports 8.39 billion current US$ (2025)
- Merchandise exports (current US$), per capita 2,720 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2871 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -35.88 % change on previous year (2025)
Frequently asked questions
- What is merchandise exports by the reporting economy in Armenia?
- Merchandise exports by the reporting economy in Armenia was 8.53 billion current US$ in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise exports by the reporting economy recorded in Armenia?
- The highest recorded value was 8.53 billion current US$ in 2023.
- What is the lowest merchandise exports by the reporting economy recorded in Armenia?
- The lowest recorded value was 6.58 million current US$ in 1992.
- How does Armenia rank for merchandise exports by the reporting economy?
- Armenia ranks 98th out of 206 countries with data for 2023.
- Is merchandise exports by the reporting economy rising or falling in Armenia?
- Over the last ten years it is up 483.1%. The long-run trend across the full record is volatile.
- Where does this Armenia data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Merchandise exports by the reporting economy (current US$). Statizoid updates them automatically from the source API.
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About this data
Merchandise exports by the reporting economy are the total merchandise exports by the reporting economy to the rest of the world, as reported in the IMF's Direction of trade database. Data are in current US$.