In January-October 2023, Turkey emerged as the largest trading partner for Armenia, with a significant turnover of $2.46 billion, as reported by Civil.ge, citing the National Statistical Service of Armenia. This indicates a strong economic relationship between the two countries. Furthermore, Russia held the second position with a turnover of $2.04 billion, followed by the United States with $1.67 billion, China with $1.4 billion, and Azerbaijan with $1.23 billion. These trading partners play a crucial role in Armenia’s international trade activities.

Similarly, in terms of imports, Turkey remained the leading country with imports worth $2.1 billion during the same period. The United States followed closely with $1.6 billion, while Russia stood at $1.5 billion. China also made its mark with imports worth $1.13 billion, and Germany contributed significantly with imports worth $767 million. These figures demonstrate the diverse range of countries that contribute to Armenia’s import market.

In summary, the trade statistics for Armenia from January-October 2023 reveal interesting trends and partnerships. Turkey emerges as the largest trading partner for both exports and imports, highlighting the significance of their economic ties. Furthermore, countries like Russia, the United States, China, and Azerbaijan also play substantial roles in Armenia’s trade activities. These statistics shed light on the interconnectedness of global trade dynamics and the importance of fostering strong relationships for economic growth and development.

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