Armenia Records Steep Decline in Exports
Caucasuswatch.de
Russia, the United Arab Emirates (UAE), and China remained Armenia’s primary export markets in the first half of 2025, even as overall exports saw a significant decline compared to last year. According to official data released by the Statistical Committee, Armenia exported goods worth over $3.7 billion from January to June 2025, marking a 52.8% year-on-year drop.
Exports to Eurasian Economic Union (EAEU) member states totaled more than $1.4 billion, down by 5.2%. In contrast, exports to European Union countries showed slight growth of 1.8%, reaching $286.7 million.
Russia remained Armenia’s largest export destination, with over $1.3 billion worth of goods exported — a 6.2% decrease from the same period last year. The UAE ranked second, with nearly $1.1 billion in exports, though this represents a sharp 70.3% decline. China came in third with over $288 million in Armenian exports, a drop of 59.6%.
Some smaller markets, however, experienced notable growth. Exports to Brazil surged more than 37 times, amounting to $2.7 million, while exports to Japan rose 2.7 times to $10.2 million. Austria also saw a significant increase, with Armenian exports reaching $5.4 million — a 2.6-fold rise.
In terms of product composition, precious and semi-precious stones, precious metals, and related items continued to dominate exports, accounting for nearly $1.3 billion, although this category registered a 77% decline. Machinery and equipment followed with $551 million, while finished food products ranked third with $550 million, showing a 31.9% increase compared to last year.
