Armenia losing position in foreign markets: exports drop by 40%

According to the October edition of the World Bank’s Armenia Monthly Economic Update, Armenia’s foreign trade saw a sharp decline in August 2025: exports fell by 40.8%, while imports dropped by 28.3%. The primary cause of this downturn was the halt in re-exports.

The most significant drop was in the trade of precious and semi-precious stones and metals—down by 77%. Exports of livestock (down 42%), textile products (down 18.6%), and leather and fur goods (down 45.2%) also declined. However, the decline was partially offset by growth in exports of processed food products (up 18.4%) and machinery (up 5.3%).

Excluding the re-export of precious metals and stones, the year-over-year export decline in August was 6.1%.