Armenia’s foreign trade soars by 52.4% in two months of 2022 – MassisPost

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YEREVAN (Arka) — Armenia’s foreign trade in January-February 2022 soared 52.4 percent from the first two months of 2021 to more than $1.4 billion, according to figures released by the Service National Statistics (NSC).

Foreign trade with the CIS countries (loose alliance of some Soviet republics) amounted to more than 521.2 million dollars, an increase of 62% compared to the same period last year. Armenia’s main foreign trade partners were Russia ($475.3 million, up 61.4% from the first two months of 2021), Ukraine ($20.3 million, up 35.8%) and Belarus (about $14 million, up 2.4 times).

Armenia’s trade with EU countries amounted to approximately $260 million, a growth of 37.6%. The top five trading partners were Germany (about $54.5 million, up 45.3 percent), the Netherlands (about $46.4 million, up 2.1 times), the Italy (about $37.5 million, up 17.9%), Bulgaria (about $23.3 million, down 27.8%) and Spain ($21.2 million , i.e. 5.1 times more).

Trade with China increased 48% to around $206.8 million, trade with Iran jumped 55.6% to around $90.7 million, with Switzerland jumped 42% to about $59 million, with the United States up 49% to about $37.6 million, with Iraq jumping 2.3 times to about $34.5 million, with Georgia up by 45.3% to reach $29.2 million, trade with the United Arab Emirates decreased by 0.5% to around $15.9 million and trade with Japan increased by 3.4 times to reach approximately $11.6 million.

Armenian exports increased by 40.1% between January and February 2021, amounting to approximately $503.7 million. Exports to CIS countries totaled about $160.7 million, increasing by 44%. The top three importers of Armenian products were Russia ($147.9 million, up 43.1%), Belarus (about $3.5 million, up 69.8%) and Ukraine (about $3.2 million, up 53.3%).

Exports to the EU increased by 41.3% compared to January-February 2021, amounting to approximately $107.7 million. The top three countries in terms of exports were the Netherlands (about $41.8 million, up 2.3 times), Bulgaria (about $20.3 million, down 32.3% ) and Germany (about $15.2 million, up 30.9%).

Exports to China increased by 7.2% to approximately $58.5 million, to Switzerland increased by 7.2% to approximately $54.9 million, exports to Iraq increased ​​increased 2.3 times to reach about 34.5 million dollars, to Iran increased 2.4 times to reach about 17.7 million dollars, exports to Georgia increased 2.1 times to about $16.7 million, exports to the United States fell 17.5% to about $12.7 million and to the United Arab Emirates by 6.2% to about $9.9 million.

The bulk of exports included mining industry products – $166.5 million, up 28.3%, finished foods – about $101.9 million, up 36%, metals and non-precious goods – over $70.6 million, up 48.8%, precious and semi-precious stones, metals and works – $58.8 million, up 44.8%, textiles – $27.9 million, up 25.3% and vegetable products – $21.2 million, up 30.7%.

Armenian imports in January-February 2022 amounted to $917. million, an increase of 6.2% compared to January-February 2021. Imports from CIS countries totaled $385.9 million, an increase of 69.7%. The bulk of imports came from Russia ($351.1 million, up 68.6%, Ukraine -$18.6 million, up 40.7%) and Belarus -$11 million. dollars, up 2.8 times.

Imports from EU countries increased by 21.1% to approximately $149.6 million. The top three importers were Germany – $39.5m, down 49.3%, Italy -$22.4m, down 9% and the Netherlands – around 11.4 million, up 41.4%.

Imports from China totaled $92.9 million, up 78.8%, imports from Iran totaled -$73 million, up 41.7%, from from Georgia -$58.7 million, up 8.6%, from the United States -$32.2 million, up 3.2 times and from the United Arab Emirates -$17.3 million , up 8.3%.

The bulk of imports were machinery, equipment and machinery – $132.7 million, up 43.8%, chemicals and related products – $92.4 million, up 2.1x, non-precious metals and items – $78.7m, up 2.2x, vegetable products – $58.3m, up 2x, finished food products – 58, $2 million, 41.6% growth, land, air and water vehicles – $55.2 million, 3.3 times growth, precious and semi-precious stones, precious metals and commodities – $34.6 million dollars, down 4.4%, plastics and articles, rubber and rubber products – $34.5 million, up 70% and plant products – $30.2 million, up 2.3 times .

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