Armenia`s trade sector generated $16.2 billion in revenue in 2024.

ArmInfo. Armenia's trade sector generated 6.4 trillion drams ($16.2 billion) in revenue in  2024, showing a decrease in annual growth from 25.7% to 17%. According to the RA Statistical Committee, trade turnover increased by 24.3% in December alone, reaching 774.3 billion drams ($1.9 billion).

The slowdown in annual growth in trade turnover was mainly caused by  a decrease in automobile sales and a slowdown in retail and wholesale  trade. In particular, revenue from the purchase/sale of cars  decreased by 4.3% in 2024 (compared to 35.8% growth in 2023),  totaling 248.8 billion drams ($633.7 million).  Wholesale trade  slowed in annual growth from 34.4% to 23.4%, generating revenue of  4.2 trillion drams ($10.6 billion).  Retail trade turnover amounted  to 1.9 trillion drams ($4.9 billion), decreasing in annual growth  from 11.1% to 7.9%.

Wholesale trade dominates Armenia's total trade turnover structure at  65.7%, followed by retail - 30.4%, with the remaining 3.9% coming  from the purchase/sale of cars.  It should be noted that the average  exchange rate of the dram in January-December 2024 was AMD 392.73  /$1, and for December -AMD  396.55 /$1.