Armenia’s exports to the Eurasian Economic Union (EAEU) totaled $1.78 billion between January and July 2025, Economy Minister Gevorg Papoyan announced. The figure represents a $42 million, or 2.4 percent, increase compared to the same period last year.
Papoyan highlighted a sharp rise in exports of bouquet flowers, buds, and decorative greenery, which grew by 88.7 percent to $17.2 million.
The minister also addressed claims circulating in the media and on social networks about a supposed economic downturn tied to reduced gold re-exports from Russia through Armenia to the United Arab Emirates.
“Some pseudo-experts are trying to present the decline in gold re-exports as an economic collapse,” Papoyan wrote on Facebook. “In reality, this trade provided minimal benefit to Armenia’s economy, while creating risks for the state and the business environment.”
According to Armstat, Armenia’s overall foreign trade turnover with the EAEU in the first half of 2025 amounted to $1.4 billion, a 5.2 percent decline compared to the same period in 2024. Despite the dip in overall trade, Armenia’s exports to the EAEU continued to grow.
The Eurasian Economic Union (EAEU) is an economic bloc comprising Armenia, Russia, Belarus, Kazakhstan, and Kyrgyzstan, aimed at promoting free movement of goods, services, capital, and labor among its members. Observer states currently include Cuba, Moldova, and Uzbekistan, while other countries such as Iran and Egypt maintain cooperation agreements with the union.
