Armenia’s exports and imports fell by 13.5% (y/y) and 11.2% (y/y) in January, respectively, after strong growth in the last two months of 2025.

This is mentioned in the “Armenia Monthly Economic Update – March 2026” report of the World Bank.

“Exports decreased as a result of a 45.1% decrease in precious and semi-precious stones, as well as a 69.1% decrease in household appliances, which was due to a decrease in re-exports. The export volumes of other product groups, such as semi-finished products (16% drop) and animal products (23.8% drop) were also reduced. The main positive contribution was provided by mineral products, the export of which increased by 43%,” the research notes.

WB analysts point out that imports decreased by 11.2%, again due to a 63.3% drop in precious and semi-precious stones, a 42.7% drop in home appliances, and a 25.7% reduction in vehicle imports.

The report notes that in January, excluding trade in precious metals and stones and household appliances, exports increased by 8% (y/y), while imports remained at the same level.

According to the RA Statistical Committee, in January 2026, Armenia’s foreign trade turnover amounted to 1.28 billion dollars, decreasing by 12% compared to January 2025, while exports amounted to 463.9 million dollars and imports to 811.8 million dollars.

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