The exponential growth of Armenia-UAE trade turnover and its main reason
The Armenia-UAE trade turnover has seen a remarkable surge in the last five years. Since 2022, export levels have skyrocketed.
This growth is primarily due to Armenia re-exporting Russian gold and diamonds.
It is noteworthy that Armenia’s foreign trade turnover amounted to $21.71 billion from January to August 2024, with Russia remaining Armenia’s largest trade partner.