Thursday, October 7 2021 17:02

ArmInfo. Armenia's foreign trade with the EU countries in January- August 2021 grew by 22.8% (from a 21.3% decline a year earlier and a 14.3% decline in the pre-covid  period), amounting to $ 1.01 billion. Armenia's foreign trade with  the EU countries amounted to $ 133.8 million, accelerating the annual  decline from 8.6% to 43.7%

. This was due to the improvement in the  annual dynamics of exports and imports - with the entry into growth,  and the export rates turned out to be much faster than imports -  49.9% versus 7.9%, while in the previous two years the trend of both  indicators was downward, accelerating to 25.3-18.8% from pre-covid  18.8-11.4%. As a result, the volumes of export and import in this  direction reached $ 437.4 million and $ 571.2 million, respectively.  This is evidenced by the final data of the RA Statistical Committee.

As a result, the share of Armenia's foreign trade turnover with the  EU countries in the overall structure of foreign trade increased from  18.5% to 20.2% on an annual basis.

In the structure of Armenia's foreign trade with the EU countries in  January-August 2021, the largest share fell on Italy - 18.1% or $  182.7 million (with the release of the annual dynamics from 17.1%  decline to 21.9% growth), Bulgaria - 18% or $ 182.6 million (with a  reversal of the annual trend from a 16.9% decline to 43.7% growth),  Germany - 17.8% or $ 179.6 million (with an output of the annual  dynamics of 30.4% decline by 6.5% growth), the Netherlands - 12.4% or  $ 125.3 million (with the release of the annual dynamics from the  30.9% decline to 37.3% growth), and Belgium - 6.2% or $ 62.7 million  (with a reversal of the annual trend from a 33.5% decline to 46.3%  growth).

The negative balance of foreign trade between Armenia and Germany  decreased by 23% to $ 76 million, while with Italy, on the contrary,  increased by 8.4% to $ 108.1 million. According to the positive  balance of foreign trade between Armenia and Bulgaria, there was an  increase of 43.4% to $ 148.7 million, with the Netherlands - by 65.2%  to $ 79.98 million, with Belgium - several fold increase to $ 6.01  million, and besides them, Slovakia showed a positive indicator among  the countries-trading partners from the EU - $ 1.2 million (with an  annual exit from the minus level) ...

In terms of export volume among the EU countries in January-August  this year Bulgaria is in the lead - $ 165.7 million with an annual  growth of 43.6%, in second place - the Netherlands - $ 102.6 million  with an annual growth of 47%, in the third - Germany - $ 51.8 million  with an annual growth of 48.2%, in fourth - Italy- $ 37.3 million  with an annual growth of 48.9%, and the fifth - Belgium - $ 34.3  million with an annual growth of 60.1%.

And in terms of imports, Italy holds the lead - $ 145.4 million with  an annual growth of 16.5%, the second place is Germany - $ 127.8  million with an annual decline of 4.4%, the third is France - $ 52  million with an annual decline of 3.7%. Belgium, the Netherlands and  Bulgaria occupy the 5th, 6th and 9th positions in terms of imports  with volumes of $ 28.3 million, $ 22.7 million and $ 16.9 million,  respectively, with annual growth in the range of 5.6-44.8% (minimum -  Netherlands, maximum - Bulgaria and slightly below Belgium).

In total, Armenia's foreign trade turnover in January-August 2021  amounted to $ 5 billion, with an annual growth of 12.7% (against a  10.2% decline a year earlier). In particular, the growth in export  volumes by 21.8% to $ 1.9 billion was accompanied by an increase in  imports by 7.7% to $ 3.1 billion, while a year earlier both items  were in decline - exports by 6% and imports by 12.4%. As a result,  Armenia's negative foreign trade balance slowed down the annual  decline from 22.6% to 9.3%, amounting to $ 1.2 billion in  January-August