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Iran-Armenia trade tops $1b with over 3.5% growth
Mehdi Sobhani, Iran's Ambassador to Armenia, stated during an interview with Armenia's official television that trade volume between the two nations has reached about $1 billion, Mehr reported.
According to data released by Armenia's Statistical Committee (Armstat), the country's foreign trade with Iran reached $737.4 million in 2024, representing a 6.5% increase compared to 2023. Bilateral trade during the first five months of the current calendar year also reached $278.7 million, marking a 4% increase year-on-year. Ambassador Sobhani had earlier indicated Tehran's intention to increase this figure to $1 billion by 2025.
The Iranian Ambassador to Armenia stated, "During the first 11 months of last year, 276,000 Armenian citizens visited Iran for various reasons, while 176,000 Iranian tourists entered Armenia during the same period. This represents a natural process. Iranian tourist arrivals to Armenia during the first 11 months of 2024 increased by 20% compared to 2023."
Data from Armenia's Tourism Committee shows that Iranian nationals accounted for 8% of the 691,900 tourists who visited Armenia during the first five months of the current calendar year.