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Armenia’s gold exports fell 80% in the first half of 2026

News|2026/09/22 17:43
Armenia’s gold exports fell 80% in the first half of 2026

State Revenue Committee data show total exports also declined in the half-year, while copper concentrate shipments rose sharply.

Armenia’s State Revenue Committee has published statistics on goods exported from the country in the first half of 2026. The data show that total exports in January-June amounted to $3,438 million, down 6.1% from the same period of 2025.

Copper concentrate and ores were the country’s largest export category during the half-year, totaling $514.2 million. That represented a 92.1% increase compared with a year earlier.

Mobile phones ranked among the biggest export items as well, with shipments valued at $432.6 million, up 30.4% year on year. Cigarette exports came to $295.8 million, marking a 1.5% decline.

Gold exports, according to the SRC data, totaled $203.7 million. That was 80% lower than in the first half of 2025, making it one of the steepest declines among the main export categories listed.

At the same time, several other product groups posted strong growth. Exports of molybdenum concentrate and ores reached $199.9 million, rising 104%, while jewelry exports totaled $186.3 million, up 107.3%.

Ethyl alcohol exports amounted to $164.1 million, an increase of 24.4%. Exports of precious metal concentrate and ores stood at $154.6 million, up 63% from a year earlier.

Exports of platinum in raw, semi-processed or powder form reached $114.3 million, soaring 432.5% year on year. Ferroalloy exports moved in the opposite direction, falling 7.9% to $60.3 million.

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