According to the World Bank's monthly economic development review, Armenian exports continue to exhibit robust growth, despite some signs of deceleration.
In October, export volumes increased by 23.1% compared to the same period last year, while imports rose by 6.6%. Although export growth reached 39% in September, October experienced a moderate correction, yet key indicators remain positive.
Precious and semi-precious stones, as well as metals, continue to play a pivotal role in export performance, with a growth of 55.5%. Significant increases were also observed in the textile industry (59.6%), mining sector (32.5%), and food exports (27.7%).
Notably, excluding precious stones, total exports rose by 9.1%. Year-to-date, export volumes have effectively doubled, while imports have grown by 50%, resulting in a 17.9% reduction in the trade deficit.
The only segment with negative dynamics was machinery, which recorded a decline of 19.8%.
