ArmInfo. Iran is extremely important for Armenia, as it is an integral part of our energy balance, as stated by economist Aghasi Tavadyan in an interview with an ArmInfo reporter. He was commenting on US President Donald Trump's recent threat to impose a 25% tariff on imported goods for countries trading with Iran.
"Since we import gas and export electricity to Iran, this country is a specific battery for Armenia," he said, noting that cutting off electricity supplies to Iran poses risks to the stable operation of the power grid. The economist also noted that Armenia's trade volume with Iran is higher that its trade with the United States. "The United States is one of the world's largest hegemons. However, we must also take into account that the global West turns a blind eye to Armenia's trade with Iran and Russia," he emphasized.
Tavadyan noted that products supplied to the US market from Armenia are primarily consumed by the diaspora. "Yes, certain issues may arise, but not major ones. This is an issue where we need to balance and consider all the pros and cons," the economist noted . Regarding Armenia's plans to expand economic cooperation with the US within the framework of agreements signed last August, Tavadyan noted that these developments are primarily political rather than economic. "As an economist, I find it difficult to answer. But we must understand that our products are more easily sold in our region primarily due to lower logistics costs compared to exports to the US market," he concluded.
It should be noted that, according to the Statistical Committee of the Republic of Armenia, the foreign trade turnover between Armenia and Iran in January-November 2025 increased by 5.6%, totaling $698.2 million. However, exports decreased by 15.7% to $83.4 million, while imports grew by 9.3% to $614.8 million.
The volume of mutual trade between Armenia and the United States during the reporting period decreased by 17.4% to $314.8 million. Exports declined by 14.7%, reaching $46.2 million, while imports dropped by 17.8% to $268.6 million.
