Monday, October 14 2019 17:51
Naira Badalian

Minister of Economy: According to the results of 2019, export from  Armenia will grow by about 7%.

Minister of Economy: According to the results of 2019, export from  Armenia will grow by about 7%.

ArmInfo.By the end of 2019, exports from Armenia will grow by about 7%. Armenian Economy Minister Tigran Khachatryan made such a forecast at a press conference on  October 14, summing up the results of 8 months.

According to him, at the beginning of 2019, export growth slowed, and  then began to recover confidently.  Thus, according to official data,  over the 8 months of 2019, product exports reached $ 1,660 million,  an increase compared to the same period of 2018 amounted to $ 73  million. As a result, according to the Ministry of Economy, the  annual increase in Armenian exports will be about 7%.

According to Khachatryan, over the reporting period, export of  blister copper decreased by $ 51mln from the republic, which is  associated with the shutdown of a smelter in Alaverdi. The export of  aluminum foil also decreased - by about $ 6 million or 8% to $ 67  million. Export of processed diamonds, electricity and locally-made  clothes fell - over 8 months, exports fell by 31% or $ 16 million to  $ 36 million. In total, these goods exported fell $ 145 million.

At the same time, exports of plant products, in particular, cucumbers  and strawberries, increased. During the reporting period, the  increase amounted to about $ 7 million or 15.3% - up to $ 53.5  million. At the same time, the export of animal products fell by $ 1  million or 3.6% to about $ 30 million, which was due to a reduction  in the export of small cattle - approximately $ 3 million.

The export of unprocessed copper concentrate increased by 2.5% to $  9.1 million. Brandy export also boasts growth - by $ 19.6 million or  by 16.7% to $ 137 million, cigarettes - by 4.1% or $ 6 , 3 million -  up to $ 161 million, and raw gold - by 39.4% or $ 43.6 million to $  154 million.

The increase was also recorded in export of feromolybdenum - by 38.3%  or $ 26.9 million to $ 97.2 million, chocolate - by 38.15% or $ 2.7  million - to $ 9.8 million, fruit wines - by $ 2.6 million or 51 , 9%  to $ 7.5 million and jewelry - by 47.8% or $ 9.3 million - to $ 28.8  million 

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