THE IMPACT OF THE RUSSIAN-UKRAINIAN CONFLICT ON ARMENIA’S FOREIGN TRADE: A QUANTITATIVE ANALYSIS

Abstract

This article aimed to provide a quantitative assessment of the impact of the Russian-Ukrainian conflict on Armeniaʹs foreign trade. The research problem was to analyze how the conflict influenced Armeniaʹs export and import patterns regarding geographical directions and product structure. The objectives were to examine the changes in trade turnover and identify shifts in geographical trade directions and trade structure. The study employed various statistical analysis tools, including dynamic series indicators, structural analysis, time series modeling, trend and moving average approximation, and extrapolation. Through these methods, the study evaluated the effects of the conflict on Armeniaʹs foreign trade. The key results indicated a positive impact of the conflict on trade turnover, with increased trade activity in various geographical directions. Export diversification was also observed as a result of the conflict. Notably, re-export played a significant role in the unprecedented growth of Armeniaʹs trade turnover during this period. In conclusion, the findings suggest that the Russian-Ukrainian conflict had a discernible influence on Armeniaʹs foreign trade, leading to changes in trade patterns and increased trade activity. The study highlights the importance of the re-exports role in analyzing trade dynamics.