Monday, August 5 2019 19:38
Karine Melikyan

The foreign trade turnover of Armenia with the countries of the EEU  in the first half of 2019 slowed growth, while with the EU countries  it decreased

The foreign trade turnover of Armenia with the countries of the EEU  in the first half of 2019 slowed growth, while with the EU countries  it decreased

ArmInfo.In the first half of 2019, the annual growth of foreign trade turnover between Armenia and Russia slowed to 4.8% from 19.9% in the same period of 2018, reaching  $ 946.1 million. $ 312.1 million and $ 634.03 million, respectively,  with a slowdown in growth both in imports - from 16.6% to 4.4%, and  in exports - from 27.5% to 5.6%.

According to the RA Statistics Committee, China continues to occupy the second position in terms of foreign trade turnover with Armenia - $ 427.1 million, with a  slowdown in annual growth from 49.4% to 25%. In particular, the  volume of exports of Armenian goods to China grew by 79.1% (against a  growth of 30.2% a year earlier) to $ 90.8 million (3rd position),  while imports grew by 15.6% (against a growth of 53, 3% a year  earlier) to $ 336.3 million (2nd position is held).

Switzerland occupies the third position in terms of foreign trade  turnover with Armenia - $ 223.7 million with an annual volume decline  of 5.8% (against a growth of 46.8% a year earlier). In particular,  the volume of exports of Armenian goods to Switzerland increased by  12.9% (against a growth of 42.8% a year earlier) to $ 192.3 million  (2nd position), with a decline of imports by 53.2% (against a growth  of 58, 1% a year earlier) to $ 31.4 million Iran moved up to fourth  place in terms of foreign trade turnover with Armenia - $ 172.3  million with an annual growth of 11.5%, in particular with exports of  $ 35.1 million (annual decline of 27%) and imports of $ 137.2 million  (annual growth of 28.9 %).

Germany was in fifth place in terms of foreign trade turnover with  Armenia - $ 161.7 million with a reversal of the annual dynamics of  the 53.6% growth by a 25.4% decline. In particular, the volume of  exports of Armenian goods to Germany amounted to $ 33.7 million  (annual decline of 57.7%), while imports totaled $ 128 million  (annual decline of 6.6%).

In terms of exports in the first half of this year. after Russia, the  second and third positions are occupied by Switzerland and China, and  by import, China and Iran follow Russia.

The volume of foreign trade of Armenia with the countries of the EAEU  increased in the first half of 2018 by 5.3% per annum (against 20.4%  growth a year earlier) - to $ 982.2 million, and with the EU  countries it decreased by 16.6% (against growth by 40, 4% a year  earlier) - up to $ 756.3 million. Moreover, the export of Armenian  goods to the countries of the EAEU increased 5.7% (against a growth  of 28.5% a year earlier) - up to $ 322 million, while import grew by  5.1% (against a growth by 16.9% a year earlier) - up to $ 660.2  million, while with the EU countries, exports and imports turned to  decline - by 26.1% and 10.1%, respectively (against a growth of 22.9%  and 55, 7% respectively a year earlier) - up to $ 273.2 million and $  483.1 million from rep. Among the countries of the EEU, foreign trade  turnover after Russia is followed by Belarus - $ 31.3 million  (acceleration of annual growth from 24% to 31.3%), Kazakhstan - $ 3.3  million (reversal of annual dynamics from growth 2.5 times to 43.5%  decline ) and Kyrgyzstan - $ 1.5 million (acceleration of annual  growth from 0.1% to 3.4 times). Exports of Armenian goods to Belarus  increased by 30.5%, while imports grew by 31.5%, while in the  direction of Kazakhstan, exports and imports were in decline - by  49.5% and 31.4% respectively. In the direction of Kyrgyzstan, a  significant increase was recorded in exports - by 4.3 times, with a  reversal of the dynamics of imports with a significant growth of  54.4% decline.

The main buyers of Armenian goods in the first half of 2019 were  Russia - 26.6% in exports, Switzerland - 16.4%, China - 7.7%,  Bulgaria and the Netherlands - 6.9% each, and Iraq - 6.5 % The main  suppliers of imported products to Armenia were Russia - 27.3% in  total imports, China - 14.5%, Iran - 5.9%, Germany - 5.5%, Turkey -  5%, Italy - 4.4% and the United States - 3.9%. Exports to Brazil were  completely zeroed out (with an increasing volume of imports from this  country), and a modest volume of exports appeared in the direction of  Cyprus (when the dynamics of imports from this country emerged from a  decline to a significant increase). The most impressive annual  decline in exports was observed between Armenia and the United  Kingdom and Germany - by 73.7-57.7%, and imports - between Armenia  and Greece, Switzerland - by 72.2-53.2%.

Among the dominant items of Armenian exports, annual growth was  recorded for finished food products - by 5.6% to $ 264.5 million, and  for precious and semi-precious stones and products - by 34.4% to $  199.4 million. And the annual decline in exports was recorded  according to the leading article - mineral products - by 9.4% to $  319.2 million, and for such dominant items as base metals and  products from them - by 16% to $ 133 million and textile products -  by 16.9% to $ 79 million. In import of the dominant items, only  vehicles kept upward dynamics - by 27.9% to $ 227.1 million and min  products-sectoral - by 11.5% to $ 364.4 million, and the leader in  terms of import - machinery / equipment / mechanisms - was in decline  by 12.2% to $ 374.4 million, which was also observed in other  dominant items - finished food products, precious and semi-precious  stones and products, base metals and products from them, textile  products. Chemical production showed multidirectional dynamics: a  tiny increase in exports by 2.1% was accompanied by a decline in  imports by 3.6% to $ 14 million and $ 195.6 million, respectively.

In total, the foreign trade turnover of Armenia in the first half of  2019 increased by 0.1% per annum (against a growth of 28.9% a year  earlier), reaching 1691.6 billion drams ($ 3495.2 million). In its  structure, the volume of exports underwent an annual decline of 0.5%  to 568 billion drams ($ 1,173.8 million), and imports - an annual  growth of 0.5% to 1123.6 billion drams ($ 2,321.4 million), while a  year earlier and exports and imports were in growth - by 20% and  33.9% respectively. Economic activity in the first half of 2019  slowed the annual growth rate from 8.9% to 6.5%.

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