In the 11 months of 2025, exports from Armenia amounted to $7.35 billion, which is significantly lower than last year's $12.31 billion. The main reason for the decline was a sharp drop in re-export operations, which previously accounted for most of the foreign trade.
The largest decline was recorded in the directions of the UAE (-66%) and China (-38%), which is associated with a decrease in the turnover of precious metals and stones, as well as a change in logistics and trade schemes that formed record figures in 2022–2024.
At the same time, a number of markets are showing growth. Exports to Germany increased by 74%, to Switzerland and Belarus — by more than 40%, and to Iraq — by 36%. The increase in supplies is provided by industrial, agricultural and processed products. In general, the country is gradually moving from a re-export model to a more stable structure of foreign trade.
