According to unofficial data of Turkish Anadolu news agency, Turkey-Armenia annual turnover totals U.S. $200 m. Basically, the trade is carried out through the territory of Georgia. The annual export of scrap metal reaches U.S. $4-5 m. Before the Armenian-Turkish border closure in 1993, foreign trade with Armenia comprised 1% (U.S. $4 m 148 thousand) of Turkey’s total foreign turnover.

Due to poor quality of Iranian goods, Armenians prefer Turkish ones, Kaan Soyak, Armenian-Turkish Business Development Council Co-Chairman told Anadolu. Earlier Armenian-Turkish trade “was conducted with the assistance of Iranians and Georgians. Turkish and Armenian customers and sellers were unfamiliar with each other. Our organization aims to establish direct link between both countries’ customers and sellers. For instance Armenians imported cups from Turkey. The buyer from Armenia was ordering the cups and getting them from Georgian company in Georgia. Thus, Georgian battened on both buyers and sellers.”
Soyak considers Turkey will import U.S. $400m goods to Armenia when the border opens.