Expert: Iran is an integral part of Armenia`s energy balance

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.