Armenia's foreign trade turnover increased by 4.6% in the first quarter, reaching $4.7 billion: Russia leads, with China and Iran in the top three

YEREVAN, May 8. /ARKA/. Armenia's foreign and mutual trade turnover increased by 4.6% in January-March 2026 compared to January-March 2025, reaching $4,705,005.3 thousand, according to the Statistical Committee of the Republic of Armenia.

In March 2026, this figure amounted to $1.58 billion, a 6.8% decrease compared to March last year, and a 13.1% decrease compared to February of this year.

After a decline in foreign trade throughout 2025, the first three months of 2026 saw the indicator maintain the growth recorded in January-February. By the end of 2025, Armenia's foreign trade turnover decreased by 29%.

Foreign trade turnover (January-March 2026 to January-March 2025)

With the EAEU — $1,408,700.5 thousand, a decline of 15.6%

With the CIS countries — $1,471,136.6 thousand, a decline of 14%, including:

Russia ($1,329,663.2 thousand, a decline of 17.2%)

Belarus ($46,854.4 thousand, an increase of 18.8%)

Ukraine ($28,398.3 thousand, an increase of 23.2%)

With the EU countries — $763,234.8 thousand, an increase of 54.3%, including:

Germany ($136,852.4 thousand, an increase of 38.1%)

Bulgaria ($112,981.7 thousand, an increase of 4 times)

Italy ($97,266.5 thousand, an increase of 16.8%)

Belgium ($76,737.7 thousand, a 2.3-fold increase)

France ($70,442.9 thousand, a 2.3-fold increase)

Largest foreign trade partners in other countries:

China ($701,778.7 thousand, a 19.6-fold increase)

Iran ($174,318.5 thousand, a 1.9-fold increase)

UAE ($161,494.0 thousand, a 63.1-fold decrease)

USA ($107,708.8 thousand, a 24.6-fold increase)

Iraq ($78,529.9 thousand, a 0.6-fold increase)

Switzerland ($71,428.3 thousand, a 51.6-fold increase)

Georgia ($56,768.9 thousand, a 1-fold increase)

Exports

Exports from Armenia in January-March In 2026, compared to January-March 2025, it increased by 4.5%, amounting to $1,760,197.1 thousand. In March of this year, this figure amounted to $564.6 million, compared to March of last year, a decline of 12.6% was recorded, and compared to February of this year - by 19.9%.

With the EAEU — $685,938,000, a 6.5% decline

With the CIS — $707,899,300, a 5.3% decline, including:

Russia ($639,325,300, a 7.1% decline)

Belarus ($25,449,200, a 4.1% decline)

Kazakhstan ($12,534,800, a 28.1% decline)

With the EU — $248,731,700, an 89.8% increase, including:

Bulgaria ($91,611,500, a 4.4-fold increase)

Belgium ($51,938,000, a 2.5-fold increase)

Germany ($28,101,700, a 16.7% increase)

Netherlands ($20,604.6 thousand, a decline of 18.8%)

Italy ($15,994.6 thousand, an increase of 60.9%)

Leaders in export volumes among other countries:

China ($251,319.7 thousand, an increase of 2.3 times)

UAE ($145,866.4 thousand, a decrease of 65.2%)

Iraq ($77,578.3 thousand, a decrease of 0.4%)

Switzerland ($62,556.1 thousand, an increase of 58%)

Georgia ($29,308.8 thousand, a decrease of 6.5%)

Brazil ($18,785.9 thousand, an increase of 401.4 times)

Iran ($17,648.2 thousand, a decrease of 25.7%)

The most significant export items:

• Mining products $434,740.6 thousand, an increase of 96%

• precious and semi-precious stones, precious metals and articles thereof — $364,812.5 thousand, a decrease of 26.4%

• machinery, equipment and mechanisms — $294,846.2 thousand, a decrease of 11.4%

• finished food products — $286,618.7 thousand, an increase of 5.6%

• textiles and articles thereof — $76,897.1 thousand, an increase of 4.6%

• base metals and articles thereof — $68,889.7 thousand, an increase of 16.5%

• products of plant origin — $53,836.1 thousand, a decrease of 6.7%

• devices and apparatus — $50,333.2 thousand, a decrease of 5.7%

Imports

Import volume in Armenia's exports from January to March 2026 totaled $2,944,808.2 thousand, an increase of 4.6% compared to January to March 2025. In March of this year, this figure was $1,015.3 million, a 3.2% decline compared to March of last year, and an 8.7% decline compared to February of this year.

Data on exporting countries is provided below. With the EAEU — $766,506.2 thousand, a decline of 21.2%

With the CIS countries — $808,965.5 thousand, a decline of 19.2%, including:

Russia ($727,632.2 thousand, a decline of 23.6%)

Ukraine ($27,890.3 thousand, an increase of 33.7%)

Belarus ($19,802.5 thousand, an increase of 46.4%)

With the EU countries — $571,126.8 thousand, an increase of 37.6%, including:

Germany ($101,360.6 thousand, an increase of 22.2%)

Italy ($80,731.1 thousand, an increase of 6%)

France ($64,438.7 thousand, an increase of 2.7 times)

Netherlands ($43 592,800, up 15.1%)

Belgium ($34,666,000, up 81.4%)

Leaders among other countries by import volume:

China ($319,671,300, down 7.9%)

Georgia ($187,665,400, up 15.3%)

Iran ($158,418,400, up 5%)

USA ($121,409,300, up 30.1%)

UAE ($107,095,200, up 17.8%)

Switzerland ($41,415,700, up 2.7 times)

Republic of Korea ($27,134,600, down 51.5%)

Most significant import items:

• Machinery, equipment, and mechanisms — $717 368.4 thousand, an increase of 16.4%

• Mining products — $344,281.2 thousand, an increase of 10.4%

• Land, air and water transport vehicles — $325,243.8 thousand, an increase of 15.9%

• Finished food products — $263,630.9 thousand, an increase of 58.1%

• Precious and semi-precious stones, precious metals and products thereof — $260,298.2 thousand, a decrease of 43.3%

• Products of the chemical and related industries — $191,590.5 thousand, an increase of 36%

• Base metals and products thereof — $133,684.6 thousand, a decrease of 7.4%

• Textiles and products thereof — $130,315.2 thousand, a decrease of 6.9%