Tuesday, September 10 2019 18:29
Alina Hovhannisyan

In H1 of 2019, Armenia scantily increased export of aluminum foil,  while sharply reducing import volumes

In H1 of 2019, Armenia scantily increased export of aluminum foil,  while sharply reducing import volumes

ArmInfo. In the H1 of  2019, 16.8 thousand tons of aluminum foil were exported from Armenia  with a YOY growth of 0.8% (compared to last year's 4.4% growth). At  the same time, in monetary terms, foil exports experienced a decline  of 9.1% per annum to $ 49.8 million.

According to the RA Customs Service, mainly foil was exported to the  USA (33.1%) and Germany (25.5%), as well as to the Netherlands  (11.4%), Poland (9.5%), France (7%), Italy (5.8%), Austria (3.4%),  Denmark (1.5%), Great Britain (1.2%), Czech Republic (0.7%), Spain  (0.4%), and even less to Hungary, Georgia, Russia and Bulgaria.

At the same time, Armenia reduced the volume of imported foil - by  49.1% - to 1.1 thousand tons, against growth by 4.1fold a year  earlier. The customs value of imported foil decreased by 40.6%,  respectively, to $ 4.5 million. The foil was imported mainly from  Greece (87.6%), as well as from Russia (5%), China (4.9%), Ukraine  (0, 5%), Italy (0.4%), United Arab Emirates (0.3%), Iran (0.2%),  Poland (0.1%).

According to the Statistical Committee of the Republic of Armenia, in  the H1 of 2019, the production of aluminum foil in Armenia decreased  by 5.8% compared to the same period last year, to 15,338 tons. For  the whole of 2018, the output of aluminum foil decreased by 14.5% per  annum - up to 28 359 tons, against a 14.4% growth in 2017.

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