World Bank: Armenia’s exports collapse 40% amidst suspension of re-exports

Armenia has seen a sharp decline in its international trade, with exports falling by 40% over the past year, according to the World Bank.

The October issue of the World Bank’s Armenia Monthly Economic Update indicated that in August 2025, the country’s foreign trade contracted significantly, Caliber.Az reports.

Exports dropped by 40.8%, while imports fell by 28.3%. The primary factor behind the decline was the suspension of re-exports.

The most pronounced decreases were recorded in the trade of precious and semi-precious stones and metals, which fell by 77%. Exports of livestock fell by 42%, textiles by 18.6%, and leather and fur products by 45.2%.

Some sectors saw modest gains, however. Exports of processed food products rose by 18.4%, and machinery exports increased by 5.3%, partially offsetting the overall decline.

Excluding the re-export of precious metals and stones, the annual fall in exports in August amounted to 6.1%.

By Aghakazim Guliyev