A landlocked country with boundary disputes with both Turkey and Azerbaijan to the west and east, Armenia's external trade is severely restricted. As a result, Armenia typically has large trade imbalances. Metals and precious stones, which are followed by energy, beverages, vegetables and fruit, and then textiles and clothing are Armenia's primary exports. Oil, natural gas, grains, rubber products, cork, and wood, as well as electrical apparatus and equipment, are the country's main imports. Russia, Germany, Iran, the United States, China, Ukraine, and Turkey are Armenia's largest trading partners.
A higher than expected figure should be seen as positive (bullish) for the AMD while a lower than expected figure should be seen as negative (bearish) for the AMD.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.