This January-August, Armenia’s exports totaled U.S. $600m, and imports U.S. $2.3bn, reported the Statistical Service of Armenia.
The unfavorable foreign trade balance reached U.S. $.1.76bn. and constituted 32.7% of GDP. In this respect, Armenia is the “leader” in the CIS and West Europe.
The increased unfavorable foreign trade balance proves Armenia failed to overcome the economic crisis, and the Government’s efforts to boost local production failed to produce the desired results.
Azerbaijan exports goods worth $17.6M to Armenia in 8 months
Further tension in relations with Russia will create restrictions in terms of consumption markets, Armenia Central Bank chief says
Armenia economy minister, Egypt ambassador discuss opportunities for increasing bilateral trade, intensifying business ties
Russian military base in Gyumri is bearing element of security architecture of Armenia and South Caucasus, Russia MFA spox says
Infrastructures, current opportunities of Armenia-Iran railway networks discussed
Russia MFA spox: Those who participate in Armenian canonical church’s persecution will be cursed
Central Bank governor: Huge sums of money flowing into Armenia through banking system
Central Bank: 12-month core inflation in Armenia amounted to 4.8% in third quarter of 2026
Armenia, Azerbaijan FMs to meet in New York this month
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