Armenia’s foreign trade turnover decreased by 41.1% over first eight months, amounting to $12.9 billion

YEREVAN /ARKA/ — Armenia’s foreign and mutual trade turnover in January-August 2025, compared to the same period in 2024, decreased by 41.1%, amounting to $12.9 billion according to the website of the Statistical Committee of the Republic of Armenia.

In August 2025, this figure amounted to $1.5 million, a decrease of 33.7% compared to August 2024, and a decrease of 13.8% compared to July 2025.

It should be noted that Armenia’s foreign trade turnover began to slow in July of last year, and has declined since January of this year: 40% in January 2025 compared to January 2024, 54.2% in the first quarter, and 45% in the first half.

Foreign Trade Turnover

Foreign trade turnover with the CIS countries for the first eight months of this year amounted to $4.8 billion, a decrease of 49.1% compared to January-August of last year, including with the EAEU – $4.7 billion (a decrease of 49.9%). Armenia’s largest foreign trade partners are Russia (trade turnover for the first eight months of this year was $4.5 billion, a 51.3% decline compared to the same period last year), Belarus ($164.2 billion, a 29.1% increase), and Ukraine ($67.7 billion, a 19% increase).

Armenia’s foreign trade turnover with the EU countries during the reporting period amounted to $1.5 billion, a 5.6% increase. The republic’s five largest trading partners among European countries include Germany ($297 billion, a decline of 5.3%), Italy ($295 billion, an increase of 3.3%), France ($150 billion, an increase of 47%), the Netherlands ($134 billion, an increase of 18.8%) and Belgium ($109 billion, a decline of 11.6%).

Among other countries, the following stand out in terms of trade turnover with Armenia in January-August 2025: China ($1.6 billion, a decline of 11%), the UAE ($1.3 billion, a decline of 69.9%), Iran ($481 billion, an increase of 5.3%), the USA ($239 billion, a decline of 19.8%), Iraq ($229 billion, an increase of 72.7%), Georgia ($172 billion, a decline of 17.9%), Switzerland ($122 billion, an increase of 4.9%) and the Republic of Korea ($90 billion, an increase of 10.8%).

Exports

According to statistics, exports from Armenia from January to August 2025 decreased by 48.8% compared to January to August 2024, amounting to $5 billion. In August 2025, this figure amounted to $586.3 million, a decrease of 40.8% compared to August 2024, and a decrease of 16.5% compared to July 2025.

The volume of exports from Armenia to the CIS countries for the 2025 reporting period amounted to $2 billion, a decrease of 5.4% compared to the same period last year, including exports to the EAEU – $2 billion (a decrease of 5.9%). The top three countries by export volume are Russia ($1.8 billion, a decline of 7.9%), Belarus ($112 billion, an increase of 49.6%), and Kazakhstan ($38 billion, an increase of 3.9%).

The volume of exports to the EU countries for the eight months of 2025 decreased by 0.2% compared to the eight months of 2024, amounting to $390 billion. The top three countries by export volume are the Netherlands ($89 billion, an increase of 17.7%), Belgium ($74 billion, a decline of 13.6%), and Germany ($7 billion, an increase of 77.4%).

Other countries with the largest export volumes from Armenia include the UAE ($1.2 billion, a decline of 70.8%), China ($430 billion, a decline of 48.7%), Iraq ($229 billion, an increase of 72.4%), Switzerland ($97 billion, an increase of 25.1%), Georgia ($84 billion, a decline of 22.1%), Iran ($60 billion, a decline of 16.6%) and the United States ($33 billion, a decline of 6.9%).

According to statistics, the most significant export items in the reporting period were presented in the following commodity groups: “precious and semi-precious stones, precious metals and products made of them” – $1.5 billion (a decline of 75.8% compared to January-August 2024), “machinery, equipment and mechanisms” – $830 billion (a decline of 1.7%), “finished food industry products” – $755 billion (an increase of 28.8%), “mining industry” – $715 billion (an increase of 4.4%), “textiles and products made of them” – $213 billion (a decline of 11.5%), “products of plant origin” – $208 billion (an increase of 29.5%), “Base metals and articles thereof” – $195 billion (down 12.5%) and “instruments and apparatus” – $148 billion (up 48.9%).

Imports

According to statistics, imports to Armenia from January to August 2025 amounted to $7.9 billion, a 34.9% decline compared to January to August 2024. In August 2025, this figure was $933.1 million, a 28.3% decrease compared to August 2024, and a 12.1% decrease compared to July of the same year.

Imports from the CIS during the reporting period amounted to $2.9 billion for exporting countries (a 61% decline) and $2.8 billion for producing countries (a 61.9% decline). Imports from the EAEU by exporting countries amounted to $2.8 billion (a decline of 61.7%), and by producing countries – $2.7 billion (a decline of 62.7%). The top three exporting countries were Russia ($2.7 billion, a decline of 62.5%), Ukraine ($64.8 billion, an increase of 23.9%), and Belarus ($55 billion, a decline of 7.5%). By producing countries, the leaders were the same, with the following indicators: Russia – $2.6 billion (a decline of 63.3%), Ukraine – $60 billion (an increase of 18.6%), and Belarus – $51 billion (a decline of 0.4%). The volume of imports from the EU by exporting countries increased by 7.3% in the first eight months of this year compared to the same period last year, amounting to $1.3 billion, while by producing countries, the growth was 7.6% to $1.1 billion. The top three exporting countries are Italy ($261 billion, an increase of 13.8%), Germany ($261 billion, a decrease of 6%), and the Netherlands ($124 billion, a decrease of 2.2%). Among producing countries, the leaders are Italy ($255 billion, an increase of 5.7%), Germany ($225 billion, a decrease of 17.4%), and France ($146 billion, an increase of 51%). Other countries with the highest import volumes among exporting countries include China ($877 billion, up 29.3%), Georgia ($468 billion, down 7.8%), Iran ($424 billion, up 7.6%), the United States ($252 billion, down 2.1%), and the UAE ($250 billion, down 17.7%). The top five producers by country are China ($1,230 billion, up 19.9%), Iran ($420 billion, up 9.4%), the United States ($205 billion, down 21.5%), Georgia ($87 billion, down 13.4%), and Japan ($79 billion, up 6.7%).

At the same time, according to official statistics, for January-August 2025, the prevailing imports were in the following commodity groups: “machinery, equipment and mechanisms” – $1,683 billion (0%), “precious and semi-precious stones, precious metals and products made from them” – $1,368 billion (a decline of 77.5%), “mining industry” – $739,851 billion (an increase of 3.7%), “land, air and water transport vehicles” – $728 billion (an increase of 19.3%), “finished food industry products” – $535 billion (an increase of 22%), “products of the chemical and related industries” – $443 billion (an increase of 2.8%), “textiles and products made from it” – $414 billion (a decline of 5%) and “base metals and products made from them” – $411 billion (an increase of 7.5%).