Export grows in Armenia by 3% January-July 2019
YEREVAN, SEPTEMBER 6, ARMENPRESS. In January-July 2019, compared to January-July 2018, Armenia’s external trade turnover grew by 2.3%. The export increased by 3% and the import by 1.9%, according to the report released by the Statistical Committee.
In July, compared to June, the export from Armenia grew by 6.8%, and the import by 6.5%.
The export growth rates have also accelerated. In particular, if in June 2019, compared to June 2018, the export grew by 1.2%, in July 2019, compared to July 2018, the export increased by 19.5%.
The biggest share in Armenia’s external trade turnover as of January-July 2019 belonged to the CIS states – 30.9%, of which 27.5% belongs to Russia. The trade turnover with the EU states comprises 21.8% of the entire external trade turnover. China and Switzerland have a big share – 11.9% and 6.4% respectively.
The volumes of goods exported to the CIS states in January-July 2019 increased by 10%, and that to the EU states decreased by 22.7%. The volumes of goods exported to other countries increased by 17.9%. The volume of goods exported to Russia grew by 9.4%.
As for the EU states, in January-July the volumes of goods exported to Italy and the Netherlands increased by 23.2% and 40.3% respectively, however, the export to Belgium, Bulgaria and Germany has declined.
The export to China, as well as to Switzerland and Iraq has drastically increased – 72.6%, 25.3% and 25.5% respectively. The export volumes have declined to the USA, UAE and Iran.
In the aforementioned period the export volumes of precious and semi-precious stones, metals have increased by 38.8%. 10.3% increase has been registered in the export volumes of ready-made food products.
Edited and translated by Aneta Harutyunyan