Domestic Economy

Growth in Q1 Trade With Armenia

Growth in Q1 Trade With Armenia
Growth in Q1 Trade With Armenia

Iran-Armenia trade grew by 3.44% to hit $74.6 million during the first quarter of 2020 compared with the corresponding period of 2019. 
Imports from the neighboring country increased 104% to reach $19.1 million. However, Iran’s exports to Armenia stood at $55.5 million during the period, indicating an 11.5% decline compared with the same period of 2019, ILNA reported. 
With the closure of border crossings to prevent the spread of coronavirus, Iran’s April exports to Armenia fell by 59% compared with February and 63% compared with April 2019 to reach $10.2 million. 
Imports from Armenia stood at $5.8 million in April. 
Iran-Armenia trade is currently underway via Nurduz border in East Azarbaijan Province, according to Spokesman of the Islamic Republic of Iran Customs Administration Rouhollah Latifi.


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