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====Russia and former Soviet republics==== On 14 October 2024, Armenia notified its ratification of the [[Commonwealth of Independent States Agreement on Free Trade in Services, Establishment, Operations and Investment]], which entered into force on 13 November 2024 for Armenia.<ref>https://cis.minsk.by/reestrv2/print/documentCard?ids=6738</ref> In the first quarter of 2019, share of Russia in foreign trade turnover fell to 11% from 29% from the previous year.<ref>{{Cite web|url=https://news.am/eng/news/510449.html|title=Armenian economist on fall of Russian-Armenian trade turnover|website=news.am|language=en|access-date=2019-05-02|archive-date=2019-05-02|archive-url=https://web.archive.org/web/20190502120814/https://news.am/eng/news/510449.html|url-status=live}}</ref> In 2017, CIS countries accounted for 30 percent of Armenia's foreign trade.<ref name=":2" /> Exports to CIS countries rose by 40,3% to $579,5 million.<ref name=":3" /> Bilateral trade with Russia stood at more than $700 million for the first nine months of 2010 – on track to rebound to $1 billion mark first reached in 2008 prior to the global economic crisis.<ref name="Armenia_in_2010" /> During January–February 2007, Armenia's trade with Russia and other [[former Soviet republics]] was $205.6 million (double the amount from the same period the previous year), making them the country's number one trading partner.<ref name="ArmeniaLib-Mar-30-2007"/> During the first 11 months of 2006, the volume of Armenia's trade with Russia was $376.8 million or 13.2 percent of the total commercial exchange.<ref name="ArmLib-Jan-8-2007"/>
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