Armenia’s foreign trade turnover recorded growth in the first quarter of 2026, even as March figures showed a noticeable decline, according to data released by the country’s Statistical Committee.

Foreign trade turnover in January–March 2026 exceeded the figure for the same period of the previous year by 4.6%, reaching $4.705 billion.

In March, trade turnover decreased by 13.1% compared to February and by 6.8% compared to March of the previous year. In the first month of spring, trade turnover amounted to $1.58 billion.

Exports in the first three months of the year exceeded the same period of the previous year by 4.5%, totaling $1.76 billion. In March, exports dropped by 19.9% compared to February and by 12.6% compared to March 2025. The value of exports in March stood at $564.6 million.

Imports in January–March exceeded the same period of 2025 by 4.6%, amounting to $2.94 billion. In March, imports decreased by 8.7% compared to February and by 3.2% compared to March of the previous year. The volume of imports in March was $1.02 billion.

The decline in foreign trade turnover is most likely due to factors stemming from military tensions in the Persian Gulf region since February 28, primarily disruptions in logistics.

The average exchange rate of the Armenian dram against the US dollar was 378.30 in January–March and 377.36 in March.