Armenia's export growth in February driven by more than threefold increase in mining exports – WB

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Economy

20.04.2026, 17:35

In February, Armenia’s exports and imports rose 37.6 percent (yoy) and 26.9 percent (yoy), respectively, following contractions in January, according to World Bank's Armenia Monthly Economic Update – April 2026.

Armenia's export growth in February driven by more than threefold increase in mining exports – WB

YEREVAN, April 20. /ARKA/. In February, Armenia’s exports and imports rose 37.6 percent (yoy) and 26.9 percent (yoy), respectively, following contractions in January, according to World Bank's Armenia Monthly Economic Update – April 2026.

Exports expanded by 37.6 percent (yoy) mostly due to a surge in exports of minerals, which more than tripled (yoy) – with higher metal prices explaining two thirds of the increase – coupled with a 49 percent (yoy) rise in exports of precious and semi-precious stones.

Additional gains were recorded in ready-food products (19 percent), while exports of vegetable products declined (down 32.2 percent). On the other hand, imports expanded 26.9 percent (yoy) mainly due to imports of means of transport (up 75.6 percent, yoy), machinery (up 25.3 percent, yoy), and ready-food products (up 68.3 percent, yoy).

Cumulative January-February exports and imports grew 12.6 percent (yoy) and 7.3 percent (yoy), respectively, resulting in no change to the trade deficit (yoy).

Exports to Russia rose 5.2 percent (yoy) (35.1 percent of total), while exports to China grew 3.7- fold (13.6 percent of total). Exports to the UAE fell 36.6 percent (yoy) due to a high base from gold re-exports. In the first quarter of 2026, tourist arrivals grew 18.2 percent (yoy), following the 10.6 percent (yoy) decline registered in Q1 2025.

According to Armstat, in February 2026, Armenia's foreign trade turnover amounted to $1.8 billion, an increase of 30.8% compared to February 2025, with exports amounting to $690.2 million and imports to $1,081.6 million.-0-

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