Armenia's foreign trade turnover decreased by 12% in January 2026, amounting to $1.28 billion: Russia leads, with China and the UAE in the top three

YEREVAN, March 5. /ARKA/. Armenia's foreign and mutual trade turnover in January 2026 decreased by 12% compared to January 2025, amounting to $1,275,692.2 thousand, according to the Statistical Committee. Moreover, compared to December 2025, this figure has decreased by 49.2%.

It should be noted that the growth of Armenia's foreign trade turnover began to slow in July 2024, and a decline has been recorded since January 2025: by 40% in January 2025 compared to January 2024, by 54.2% in the first quarter, by 45% in the first half of the year, by 39.3% over three quarters, and by 29% for the entire 2025.

Foreign Trade Turnover (January 2026 vs. January 2025)

With the EAEU – $354,806,600, a 34.5% decline

With the CIS – $371,484,000, a 32.8% decline, including:

Russia ($328,322,600, a 37.7% decline)

Belarus ($13,949,600, an increase of 52.8%)

Kazakhstan ($8,523,400, an increase of 58%)

With the EU – $179,135,300, an increase of 16%, including:

Germany ($49,741,200, an increase of 84.2%)

Italy ($24,643,700, an increase of 1.1%)

Bulgaria ($16,994.1 thousand, a 3.2-fold increase)

Netherlands ($13,965.0 thousand, a 15.5-fold increase)

France ($10,919.4 thousand, a 16.2-fold increase)

Largest foreign trade partners in other countries:

China ($189,821.9 thousand, a 4.9-fold decrease)

UAE ($77,461.2 thousand, a 44.2-fold decrease)

Iran ($46,519.0 thousand, a 4-fold decrease)

USA ($43,340.3 thousand, a 41.9-fold increase)

Switzerland ($23,756.3 thousand, a 51.2-fold increase)

Iraq ($22,426.9 thousand, a 8.6-fold decrease)

Brazil ($19,302.7 thousand, a 3.2-fold increase) times)

Exports

Exports from Armenia in January 2026 decreased by 13.5% compared to January 2025, amounting to $463,908.9 thousand. Compared to December 2025, the decline was 55%.

With the EAEU – $176,543.5 thousand, a decline of 23.3%

With the CIS countries – $181,996.6 thousand, a decline of 22.1%, including:

Russia ($160,374.3 thousand, a decline of 27.1%)

Belarus ($7,185.7 thousand, an increase of 36.5%)

Kazakhstan ($5,112.0 thousand, an increase of 20.9%)

With the EU countries – $54,329.4 thousand, an increase of 50%, including:

Bulgaria ($15,676.9 thousand, an increase of 9.8 times)

Germany ($12,006.6 thousand, an increase of 2.3 times)

Netherlands ($8,919.7 thousand, an increase of 73.1%)

Slovakia ($6 452.7 thousand, an increase of 10.1%)

Italy ($2,674.6 thousand, an increase of 67.2%)

Leaders in export volumes among other countries:

UAE ($71,432.4 thousand, a decrease of 45.7%)

China ($61,212.5 thousand, an increase of 60.7%)

Iraq ($22,102.9 thousand, a decrease of 9.4%)

Switzerland ($21,791.6 thousand, an increase of 57.1%)

Georgia ($5,907.1 thousand, an increase of 23.7%)

Brazil ($5,878.6 thousand, an increase of 125.6 times)

Iran ($4,759.9 thousand, a decrease of 37.8%)

The most significant export items:

• Mining products – $108,449.7 thousand, a 43% increase

• precious and semi-precious stones, precious metals, and articles thereof – $96

• 588.5 thousand, a 45.1% decrease

• machinery, equipment, and mechanisms – $91,578.3 thousand, a 10% increase

• finished food products – $75,615.8 thousand, a 16% decrease

• base metals and articles thereof – $24,080.2 thousand, a 2-fold increase

• textiles and articles thereof – $18,045.2 thousand, a 13.5% decrease

• plant products – $10,921.2 thousand, a 9.5% increase

• devices and apparatus – $8,332.1 thousand, a 69.1% decrease

Imports

The volume of imports to Armenia in January 2026 amounted to $811 783.3 thousand, representing a decline of 11.2% compared to January 2025. Compared to December 2024, the decline is 45.2%.

Below are the data for exporting countries. With the EAEU – $186,031.1 thousand, a decline of 42.2%

With the CIS countries – $197,639.7 thousand, a decline of 40%, including:

Russia ($174,879.8 thousand, a decline of 44.7%)

Ukraine ($6,544.7 thousand, an increase of 31.4%)

Belarus ($5,346.1 thousand, an increase of 41.3%)

With the EU countries – $144,159.5 thousand, an increase of 10.5%, including:

Germany ($33,107.8 thousand, an increase of 52.2%)

Italy ($21,376.1 thousand, a decline of 10.2%)

Netherlands ($15,746.4 thousand, an increase of 16.8%)

Belgium ($8 700,000, up 44.5%

Austria ($8,667,100, up 3.9 times)

Leaders among other countries by import volume:

China ($95,763,900, down 23.6%)

Georgia ($44,499,600, down 10.5%)

USA ($44,208,500, up 20.9%)

Iran ($43,136,400, up 5%)

UAE ($39,682,400, up 27.6%)

Brazil ($12,996,200, up 2.3 times)

Switzerland ($12,354,800, up 5.7 times)

Most significant import items:

• Machinery, equipment, and mechanisms – $211,783.5 thousand, an increase of 8.2%

• Mining products – $119,811.0 thousand, a decrease of 3.6%

• Land, air, and water transport vehicles – $83,262.6 thousand, a decrease of 25.7%

• Finished food products – $74,972.8 thousand, an increase of 45.5%

• Products of the chemical and related industries – $62,568.3 thousand, an increase of 65.9%

• Precious and semi-precious stones, precious metals and articles thereof – $52,961.5 thousand, a decrease of 63.3%

• Products of plant origin – $34,282.7 thousand, an increase of 8.5%

• Textiles and textile articles – $33,390.1 thousand, a decrease of 6.1%