ArmInfo. Armenia increased its exports to 14 EU countries by the end of 2024, according to the press service of the Ministry of Economy. Growth was recorded in countries such as France, Italy, Belgium, Poland, Austria, Romania, the Czech Republic, Croatia, Portugal, Slovakia, Latvia, Lithuania, Malta and Slovenia. At the same time, a decrease in export volumes is observed in the direction of Bulgaria, Germany, Denmark, Estonia, Ireland, Spain, Luxembourg, Cyprus, Greece, Hungary, the Netherlands, Sweden and Finland. In addition to the EU market, Armenia has also registered positive dynamics with countries such as the USA, India, Japan, China, Iran, the United Arab Emirates (UAE), Switzerland, Serbia, Georgia, Iraq, Thailand, Uzbekistan and Belarus. The opposite dynamics in exports, as reported by the Ministry of Economic Development, is observed with Kazakhstan, South Korea, Russia, Kyrgyzstan, Malaysia and Qatar.
According to the RA Statistics Committee, Armenia's foreign trade turnover with EAEU countries in January-November 2024 reached $11.9 billion, marking a 68.3% increase from the previous year. However, exports decreased by 10.1% to $3.1 billion, while imports surged by 2.4 times to $8.8 billion. The EAEU now represents 42.2% of Armenia's foreign trade volume. On the other hand, trade with EU countries accounts for 7.5% of the total turnover, with a14.1% decrease to $2.1 billion. Exports to the EU fell by 18.6% to $551.8 million, while imports decline by 12.4% to $1.6 billion.
