The role of "small" members of the EEU in the foreign trade of Armenia

Significance. In the article the trade flows between the Republic of Armenia and “small” members of the Eurasian Economic Union (Belarus, Kazakhstan and Kyr-gyzstan) are studied. Particular attention is paid to the export supplies of Armenian producers to the markets of these countries. The research. Our analysis allowed to identify the most promising commodity groups in terms of expanding export opportunities, which include: "pharmaceutical products", "alcoholic and non-alcoholic beverages", clothing and leather goods, as well as "precious and semiprecious stones and metals." Result. Among the positive characteristics, the availability of mainly non-primary industrial goods in the structure of Armenian exports to these countries was high-lighted, which critically distinguishes the trade relations of the Republic of Armenia within the framework of Eurasian integration in comparison with trade flows from Armenia to the countries of the European Union. As a negative point, attention should be paid to the insufficient degree of diversification of trade flows between the RA and "small" countries of the EEU.