Russia remains Armenia’s top export destination

PanARMENIAN.Net - The Eurasian Economic Commission’s Trade Board reported that trade volume among EAEU member states grew by 6.3% in 2024 compared to the previous year, according to Armenpress.

The distribution of intra-EAEU trade was as follows:

• Russia – 55%
• Belarus – 28.5%
• Kazakhstan – 11.4%
• Armenia – 3.6%
• Kyrgyzstan – 1.6%

"In 2024, intra-EAEU trade accounted for 17% of the bloc’s total trade volume. For Armenia, trade within the EAEU made up 25.6% of its overall foreign trade," the commission's report stated.

Armenia’s export distribution within the EAEU was as follows:

• Russia – 94.6%
• Belarus – 3.4%
• Kazakhstan – 1.6%
• Kyrgyzstan – 0.4%

Armenia’s imports from EAEU countries were also dominated by Russia, which accounted for 98.5% of total imports. The remaining 1.5% was distributed among Belarus (1%), Kazakhstan (0.5%), and Kyrgyzstan (0.01%).

In terms of exported goods, 44% of Armenia’s exports to EAEU countries consisted of machinery, equipment, and transport vehicles, while 23.7% were food and agricultural products.