Armenia records annual decline in exports and imports in 2025 for the first time since 2020 – WB
17.02.2026,
15:08
In 2025, Armenia's combined exports and imports fell by 36.1% and 23.6%, respectively, marking the first annual decline in both indicators since 2020. This is according to the World Bank's "Armenia Monthly Economic Update – February 2026."
YEREVAN, February 17. /ARKA/. In 2025, Armenia's combined exports and imports fell by 36.1% and 23.6%, respectively, marking the first annual decline in both indicators since 2020. This is according to the World Bank's "Armenia Monthly Economic Update – February 2026."
At the same time, excluding trade in precious metals and stones, exports grew by 8.9% (year-on-year) and imports by 7.5% for the past year.
WB analysts note that in December, exports and imports in Armenia continued to show strong growth, marking only the second month of positive dynamics in 2025. Exports grew by 34.3%, following a 17.6% increase in November, while imports increased by 30.4%, following a 14.9% increase in November.
"This was driven by expansion in the export and import volumes of precious and semi-precious stones and metals (up 43.2% and 56.6%, respectively), although exports of these goods in December 2025 were 50.2% lower than in December 2023, when a surge in re-exports was observed," the study says.
It also notes that significant growth was recorded in such exported goods as processed food products (up 70.8%) and mining products (up 62%), increasing the share of these two goods in total exports from 21% in 2024 to 26% in 2025. According to Armstat, Armenia's foreign trade turnover in 2025 was $21.4 billion, a 29% decrease compared to 2024 (in December, it was $2.5 billion). Exports in 2025 were $8.4 billion (in December, it was approximately $1 billion), and imports were $13 billion (in December, it was $1.5 billion).
At the same time, excluding trade in precious metals and stones, exports grew by 8.9% (year-on-year) and imports by 7.5% for the past year.
WB analysts note that in December, exports and imports in Armenia continued to show strong growth, marking only the second month of positive dynamics in 2025. Exports grew by 34.3%, following a 17.6% increase in November, while imports increased by 30.4%, following a 14.9% increase in November.
"This was driven by expansion in the export and import volumes of precious and semi-precious stones and metals (up 43.2% and 56.6%, respectively), although exports of these goods in December 2025 were 50.2% lower than in December 2023, when a surge in re-exports was observed," the study says.
It also notes that significant growth was recorded in such exported goods as processed food products (up 70.8%) and mining products (up 62%), increasing the share of these two goods in total exports from 21% in 2024 to 26% in 2025. According to Armstat, Armenia's foreign trade turnover in 2025 was $21.4 billion, a 29% decrease compared to 2024 (in December, it was $2.5 billion). Exports in 2025 were $8.4 billion (in December, it was approximately $1 billion), and imports were $13 billion (in December, it was $1.5 billion).
