In 2024, air traffic between Armenia and Russia demonstrated substantial growth, with passenger and cargo transportation volumes increasing by 12% compared to 2023. This was announced by Armenian Deputy Prime Minister Mher Grigoryan during a session of the Intergovernmental Commission on Economic Cooperation between the two countries.
As of December 15, 2024, airlines had transported over 2.4 million passengers and more than 28,000 tons of cargo. Positive dynamics were also observed in rail transportation: during the first ten months of the year, passenger traffic increased by 7%, reaching over 480,000 people.
Earlier, BMG reported that Russia continues to lead in trade volumes with Armenia. From January to October of this year, trade turnover with Russia grew by almost 91.4%, amounting to over $10.8 billion. However, exports to Russia decreased by 13.6%, dropping from $3 billion in 2023 to $2.5 billion in the first ten months of 2024. In contrast, imports from Russia tripled, reaching approximately $8.4 billion.
During the reporting period, Russia's share in Armenia's foreign trade structure also increased, rising from 36.3% last year to 41.5%.
