Armenian services exports increase almost 1.5 times in January-September 2023

According to the statistics of the Eurasian Economic Commission, exports of services from Armenia increased almost 1.5 times by 47.6% in January-September 2023.

In absolute figures, exports grew from $2.88 billion to $4.249 billion. Imports of services increased by 41.7%—from $1.787 billion to $2.531 billion.

The growth in services exports from Armenia is largely attributed to the IT companies of migrants as well as financial companies.