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Trade between Armenia and Russia

In 2024, Armenia exported $3.1 billion to Russia and imported $9.2 billion. Armenia ran a deficit of $6.1 billion with Russia, compared with a deficit of $794 million in 2019. Russia was Armenia’s largest trading partner (40% of its trade), and Armenia was Russia’s 6th (2%).

Summary

Armenia → Russia
$3.1billion
Russia → Armenia
$9.2billion
Armenia’s balance
-$6.1billion

Balance

Armenia’s trade balance with Russia

Trade between Armenia and Russia grew 124.4-fold since 1996

USD billions (current). Armenia’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 3.1
  • Imports 9.2
  • Balance -6.1

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$0$0$0
1996$38 million$61 million-$23 million
1997$54 million$231 million-$177 million
1998$39 million$128 million-$89 million
1999$36 million$138 million-$103 million
2000$46 million$127 million-$81 million
2001$59 million$185 million-$126 million
2002$63 million$191 million-$128 million
2003$93 million$217 million-$124 million
2004$78 million$198 million-$120 million
2005$119 million$282 million-$163 million
2006$121 million$332 million-$212 million
2007$202 million$558 million-$357 million
2008$217 million$830 million-$613 million
2009$109 million$804 million-$695 million
2010$163 million$796 million-$634 million
2011$227 million$912 million-$684 million
2012$302 million$1.1 billion-$773 million
2013$336 million$1.1 billion-$790 million
2014$309 million$1.1 billion-$761 million
2015$229 million$999 million-$770 million
2016$419 million$1 billion-$630 million
2017$571 million$1.2 billion-$650 million
2018$661 million$1.3 billion-$626 million
2019$744 million$1.5 billion-$794 million
2020$624 million$1.5 billion-$843 million
2021$788 million$1.8 billion-$1.1 billion
2022$2.4 billion$2.6 billion-$219 million
2023$3.5 billion$4.4 billion-$877 million
2024$3.1 billion$9.2 billion-$6.1 billion

What they sell each other

What Armenia sells to Russia

The top 10 headings in 2024, with their share of the total.

  1. Cameras and broadcast equipment$620 million · 19.8%
    815 tonnes
  2. Spirits$284 million · 9.1%
    107 thousand tonnes
  3. Monitors and projectors$202 million · 6.4%
    6 thousand tonnes
  4. Silver$182 million · 5.8%
    4 tonnes
  5. Diamonds$115 million · 3.7%
    1 tonne
  6. Ferroalloys$73 million · 2.3%
    3 thousand tonnes
  7. Computers$70 million · 2.2%
    159 tonnes · Russia’s sources
  8. 2 thousand tonnes
  9. Jewelry$49 million · 1.6%
    37 tonnes
  10. Fresh fish$43 million · 1.4%
    6 thousand tonnes

What Russia sells to Armenia

The top 10 headings in 2024, with their share of the total.

  1. Gold$5.9 billion · 63.8%
    198 tonnes · Russia’s destinations
  2. Natural gas and LPG$477 million · 5.2%
    1.8 million tonnes
  3. Platinum$426 million · 4.6%
    16 tonnes · Russia’s destinations
  4. Silver$390 million · 4.2%
    5 thousand tonnes
  5. Refined petroleum$271 million · 2.9%
    301 thousand tonnes · Russia’s destinations
  6. Diamonds$271 million · 2.9%
    1 tonne · Russia’s destinations
  7. Wheat$61 million · 0.66%
    315 thousand tonnes · Russia’s destinations
  8. Unwrought aluminum$48 million · 0.52%
    21 thousand tonnes · Russia’s destinations
  9. Chocolate$44 million · 0.48%
    11 thousand tonnes
  10. 29 thousand tonnes

How it travels

Estimated sea route from Batumi (Georgia) to Saint Petersburg.

The estimated sea route between Batumi (Georgia) and Saint Petersburg is 5,206 nautical miles (9,641 km) long: ≈ 12–15.5 days at sea (at 18 and 14 knots).

Passages it crosses: Bosporus, Dardanelles, Strait of Gibraltar, Strait of Dover and Øresund.

Armenia is landlocked: it ships through Batumi (Georgia).

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$3.8 billion · 30.8%
  2. Air$8.6 billion · 69.2%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Russia was Armenia’s largest trading partner (40% of its trade), and Armenia was Russia’s 6th (2%).

Russia in Armenia’s trade
40%
Russia’s rank among Armenia’s partners
1st
Armenia in Russia’s trade
2.1%
Armenia’s rank among Russia’s partners
6th

Compare with

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.