Monday, September 2 2019 16:19
Alina Hovhannisyan

In H1 of 2019, imports of oil products to Armenia increased by 4.1%,  with a decrease in customs value by 4.9%

In H1 of 2019, imports of oil products to Armenia increased by 4.1%,  with a decrease in customs value by 4.9%

ArmInfo.The imports of oilproducts to Armenia in quantitative terms increased in the H1 of 2019 by 4.1% per annum to 160.4 thousand tons, with a decrease in  customs value by 4.9% to $ 121.2 million, while a year earlier it was  recorded in the same period growth in both volume - by 14.8%, and  value - by 36.6%. This is evidenced by the data of the Customs  Service of Armenia.

According to the source, in the reporting period, the export of oi;  products suffered a significant increase, against a sharp decline a  year ago. Export volumes from 393 kg in the first half of 2018  increased to 4 tons for the same period in 2019, against the  background of a several-fold increase in customs value. Thus,  according to the RA Customs Union, in value terms, export of oil  products from $ 700 reached $ 6.4 thousand. During the reporting  period, oil products were mainly imported from Russia (78.2%), Turkey  (8%), Iran (5.2%), Bulgaria (3.6%), Georgia (1%), as well as Greece,  Germany, Iraq, Japan, Ukraine, Lithuania, Korea, Belarus, France,  USA, Poland, Belgium, France, UAE, Italy, India.

It should be noted that in the H1 of 2019, Armenia exported the  dominant volume of oil products (87.5%) to Georgia, and the rest fell  to Cyprus (10%) and Russia (2.5%).

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