WB: sharp decline in exports and imports in Armenia in August caused by cessation of re-exports

YEREVAN, October 22. /ARKA/.  In August, Armenian exports and imports contracted sharply due to the phasing out of re-exports, the World Bank says in its latest Armenia Monthly Economic Update – October 2025.

Particularly, exports fell 40.8 percent (yoy), compared with July’s 15.3 percent contraction. Imports fell 28.3 percent (yoy), following a 15.3 percent dip in July.

The drop in trade of precious and semi-precious stones and metals continued, with a contraction of some 77 percent (yoy). However, also down were exports in livestock (down 42 percent, yoy); textiles (down 18.6 percent, yoy); and leather and fur (down 45.2 percent, yoy).

This decline was partly offset by growth in exports of ready food products (up 18.4 percent, yoy) and machinery (up 5.3 percent, yoy). Excluding the re-export trade in precious metals and stones, exports fell 6.1 percent in August (yoy).

Following a slow start in early 2025, Armenia’s tourism rebounded strongly with an 11.1 percent (yoy) increase.

According to Armstat, Armenia's foreign trade turnover in August amounted to $1.5 billion, a 33.7% decline compared to August 2024. Exports amounted to $586.3 million, while imports amounted to $933.1 million.-0-