ArmInfo.In Q1 2017 in Armenia 65.1 thousand tons of sugar were imported, with a slowdown in the annual growth rate from 82.3% to 9.4%. According to the Customs Service of the Republic of Armenia, in value terms, imports increased by 60% (against 68% growth a year earlier) to $ 34.4 million.
According to the source, mainly sugar is imported to Armenia from Brazil (82.2%) and Russia (17.4%), and in small quantities from Spain, Italy, and Austria.
By way of comparison, we note that in 2016 Armenia imported 61.5 thousand tons of sugar, sharply slowing down the rate of decline from 38.5% to 0.2%. In terms of value, sugar imports declined by 8.3% to $ 22.9 million in 2016, versus a 45.2% decline in 2015. In 2016, Armenia suspended the export of sugar.
To note, 99.9% of sugar import to Armenia falls to share the company Alex Grig, owned by the family of the Armenian oligarch, deputy of the parliament Samvel Aleksanyan.
