Armenia-Germany Trade Turnover Has Seen Significant Growth in Recent Years
In January-August 2024, Armenia’s trade turnover amounted to 21.74 billion USD. Germany was Armenia’s fifth-largest trading partner, with a trade volume of 313.9 million USD.
Between 2019 and 2023, the trade turnover between Armenia and Germany has grown. The increase in trade is primarily attributed to the export of vehicles from Germany to Armenia, and from Armenia to Germany, exports of iron, steel, aluminum, machinery, medical devices, and more.