Recovery of exports and imports in Armenia in November signaled normalization of trade flows – World Bank

YEREVAN, January 26. /ARKA/. In November 2025, Armenia's imports and exports rebounded after months of contraction, signaling a normalization of trade flows following the phasing-out of re-exports, according to World Bank's 'Armenia Monthly Economic Update – January 2026. '

Exports grew by 17.2 percent (yoy) in November, following an average contraction of 38.2 percent (yoy) in preceding months of the year, while imports increased by 14 percent (yoy) after declining by an average of 27.8 percent (yoy) since the start of the year.

This was mostly driven by an expansion in exports and imports of precious and semi-precious stones and metals, (up 30.8 percent, yoy, and 81.1 percent, yoy, respectively) though these flows remained about half of their November 2023 level, when re-exports of these items peaked.

Other exports also grew: minerals (up 62.2 percent, yoy) and ready food products (up 20.8 percent, yoy), among others. This was partly offset by contractions in textile products (down 23.5 percent, yoy) and non-precious metals (down 17.6 percent, yoy).

In November, excluding the trade in precious metals and stones, exports expanded by 15.8 percent (yoy) while imports grew 4.4 percent (yoy). In December, Armenia’s tourist arrivals grew 7.5 percent (yoy), reaching 140 thousand tourists, the highest number ever recorded in the month of December to date.

According to Armstat, Armenia's foreign trade turnover in November 2025 amounted to $2.28 billion, an increase of 15.3% compared to November 2024. Exports in November amounted to $902.7 million, while imports amounted to $1.38 billion.-0-