Iran Armenia's trade with Iran grew significantly from 2015 and 2020. Because Armenia's land borders to the east and west have been closed by the governments of Turkey and Azerbaijan, domestic firms have looked to Iran as a key economic partner. In 2020, trade between the countries exceeded $300 million. The number of Iranian tourists has risen in recent years, with an estimated 80,000 Iranian tourists in 2010. In January 2021, Iran's finance minister Farhad Dejpasand said that trade between the two countries could reach $1 billion annually as Iran looks to become a regional economic force.
Iran Armenia's trade with Iran grew significantly from 2015 and 2020 Because Armenia's land borders to the east and west have been closed by the governments of Turkey and Azerbaijan domestic firms have looked to Iran as a key economic partner In 2020 trade between the countries exceeded $300 million The number of Iranian tourists has risen in recent years with an estimated 80000 Iranian tourists in 2010 In January 2021 Iran's finance minister Farhad Dejpasand said that trade between the two countries could reach $1 billion annually as Iran looks to become a regional economic force