A 3.3% decline in exports and a 2.5% increase in imports in Armenia increased the trade deficit to 5.4% of GDP – WB
24.06.2026,
13:46
From January to April 2026, Armenia's exports decreased by 3.3% (y-o-y), while imports increased by 2.5% (y-o-y), leading to a widening of the trade deficit from 5.1% of annual GDP in 2025 to 5.4% of the projected annual GDP in 2026.
YEREVAN, June 24. /ARKA/. From January to April 2026, Armenia's exports decreased by 3.3% (y-o-y), while imports increased by 2.5% (y-o-y), leading to a widening of the trade deficit from 5.1% of annual GDP in 2025 to 5.4% of the projected annual GDP in 2026. This is stated in the World Bank's "Armenia Monthly Economic Update – June 2026."
At the same time, as WB analysts note, exports fell by 25.9% in April. "Exports declined due to a continued decline of 72.3% in precious and semi-precious stones, which have been the main re-export item since 2023. Excluding this re-export item, total exports grew by 21.7%, primarily due to a 75.6% increase in mining exports following the sector's recovery and growth in production, as well as a 12.5% increase in finished food exports," the study states.
The report also indicates that imports also declined, albeit at a slower pace of 5.8%, due to a 79.9% decline in precious and semi-precious stones and a 17.7% decline in plastic product imports.
According to the Armenian State Statistics Service, Armenia's foreign trade turnover in January-April 2026 amounted to $6.3 billion, an increase of 0.3% compared to the same period in 2025. Moreover, exports for 4 months amounted to $2.3 billion, and imports – approximately $4 billion.
At the same time, as WB analysts note, exports fell by 25.9% in April. "Exports declined due to a continued decline of 72.3% in precious and semi-precious stones, which have been the main re-export item since 2023. Excluding this re-export item, total exports grew by 21.7%, primarily due to a 75.6% increase in mining exports following the sector's recovery and growth in production, as well as a 12.5% increase in finished food exports," the study states.
The report also indicates that imports also declined, albeit at a slower pace of 5.8%, due to a 79.9% decline in precious and semi-precious stones and a 17.7% decline in plastic product imports.
According to the Armenian State Statistics Service, Armenia's foreign trade turnover in January-April 2026 amounted to $6.3 billion, an increase of 0.3% compared to the same period in 2025. Moreover, exports for 4 months amounted to $2.3 billion, and imports – approximately $4 billion.
