Trade between Armenia and Iran is relatively small β reportedly $364 million in 2018 β but it had been growing steadily. Itβs unclear what impact the financial restrictions have caused. Artak Manukyan, an economist and member of parliament, told Eurasianet that in the first quarter of 2019 exports to Iran decreased by 30 percent over the same period from 2018, but that imports had increased also by 30 percent