Armenia’s trade within EEU surges above $11 billion in ten months of 2024

YEREVAN, DECEMBER 16, ARMENPRESS. Trade turnover between Armenia and its fellow EEU member states already exceeded $11 billion in the ten months of 2024, deputy minister of economy Narek Hovakimyan has said.

“This is a very good result. The main exports are wines, brandy, agricultural products, as well as industrial and tech products,” Hovakimyan said at a session of the parliamentary committee on regional and Eurasian integration affairs.

Textile industry is also important, the sector has grown and is demanded especially in the Russian market.

Joining the EEU gave Armenia the opportunity to enter a market of 150,000,000 consumers, which created new possibilities for local producers, exporters and various branches of the economy.

Hovakimyan said that Armenian exports to EEU member states grew from the $300 million of 2015 to $3,4 billion in 2023.