Time in Yerevan: 11:07,   1 March 2024

Re-exportation amounts to nearly 80% of growth of Armenian exports to Russia

Re-exportation amounts to nearly 80% of growth of Armenian exports to Russia

YEREVAN, NOVEMBER 27, ARMENPRESS. Re-exportation significantly contributed to the growth in exports from Armenia to Russia in the nine months of 2023, Deputy Finance Minister Vahan Sirunyan has said.

“The big inflow of people and capital from Russia to Armenia continues in conditions of the Russian-Ukrainian conflict. Re-exportation significantly contributed to the approximately 85% dollar growth in exports to Russia in the nine months of 2023 compared to the same period of last year, it contributed by around 80,6 percentage points, whereas the exports of products of Armenian origin contributed by 4,4 percentage points,” Sirunyan told lawmakers during a parliamentary committee hearing on the state budget performance.

The number of tourists continued to grow in the nine months of 2023, growing 48,4%, which was mostly contributed to by tourists from Russia (29,1 percentage points).

The total number of tourists who visited Armenia in the nine month this year was 1 million 839 thousand.








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