Armenian Exports See Strong Growth in India and UAE, Decline in EAEU
What happened
Exports of Armenian products to the European Union increased by approximately 70 percent between January and August 2026. Exports to India increased 2.1-fold, and exports to the United Arab Emirates rose by about 45-46 percent. Overall, total exports decreased by approximately 5 percent, falling from $990 million in the first eight months of 2025 to $943 million in the same period of 2026. The decline in the Eurasian Economic Union market was linked to lower harvest volumes, particularly apricots.
From tert.am
Why it matters
The figures indicate a successful diversification of Armenian export markets away from the Eurasian Economic Union. While overall export value saw a slight decrease, the substantial growth in key markets like India and the United Arab Emirates demonstrates strong demand in these regions. Businesses are also expected to receive AMD 4.59 billion in compensation for products.
From tert.am
Who's involved
- United Arab EmiratesMajor market for Armenian products, seeing a 45-46 percent increase in imports.
- IndiaMajor market for Armenian products, seeing a 2.1-fold increase in imports.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- United Arab EmiratesSpeculative
The United Arab Emirates might see an increase in import volume due to the rise in Armenian product exports.
- IndiaSpeculative
India could see an increase in trade revenue resulting from the 2.1-fold rise in Armenian product exports.
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The entities involved
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United Arab Emirates
country in Western Asia
- India