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.
