Russia and China remain the main foreign trade partners of Armenia. According to the final data of the Statistical Committee of the Republic of Armenia, Russia  holds the leadership in Armenia's foreign trade turnover with a  volume of $ 1.1 billion in the first half of 2021, with the annual  dynamics coming out of a 0.4% decline by 16% growth.

Russia retains  the leading position in export and import - $ 365.3 million and $  730.8 million, respectively. Moreover, the annual dynamics of exports  for the year changed from a 19.1% decline by 36% growth, while the  growth of imports slowed down from 9.1% to 8.1%.

The PRC, which has secured its second position as a foreign trade  partner of the Republic of Armenia, is almost two times behind  Russia. Thus, the foreign trade turnover between Armenia and China  amounted to $ 546.3 million in the first half of the year. Moreover,  here the annual dynamics from the 5.1% decline of the last year  reached 33.7% growth. In particular, the export of Armenian goods to  China sharply accelerated the annual growth from 23.8% to 2-fold, and  the import of goods from China came out of the 12.9% decline by 8.4%  growth. Exports amounted to $ 225.2 million, and imports $ 321.1  million.  Iran is in the third position in the foreign trade turnover  of Armenia, keeping the same position in terms of imports. Foreign  trade turnover between Armenia and Iran amounted to $ 223.9 million  in the first half of the year, with an acceleration of growth from  1.1% to 26.6%. In particular, the volume of exports of Armenian goods  to Iran amounted to only $ 32.9 million, with a deterioration in  annual dynamics from 18.9% growth to a 21.1% decline, and imports  from Iran - $ 190.97 million, but with the opposite dynamics - from  3, 4% decline for 41.3% growth (https://finport.am/full_news.php?id=44482&lang=3).