Armenia increased gold exports in 2018 by 14.3%

ArmInfo. From Armenia in 2018 5,007.3 kg of gold (including electroplating) was exported. According to the report of the RA Customs Service, in fact, in terms  of weight, gold exports accelerated the growth rate from 9.4% in 2017  to 14.3% in 2018. The customs value of exported gold in 2018  increased by 19.5% per annum - to $ 175.6 million.

At the same time, in 2018 1,767 kg of gold were imported, which is  more a year ago indicator of 4.9%, for a total of $ 73.1 million  (with an y-o-y increase of 7.7%).

In 2018, Armenia exported gold, mainly to Switzerland (96.4%), as  well as to Italy (2.8%) and the UAE (0.8%). Switzerland also  dominates among the countries supplying gold to Armenia (71.5% in  2018), followed by the United Arab Emirates (26.2%), Turkey (1.6%),  the United States (0.1%).