Wednesday, January 15 2020 18:34
Alina Hovhannisyan

In structure of manufacturing industry of Armenia, textile production  recorded the highest growth

In structure of manufacturing industry of Armenia, textile production  recorded the highest growth

ArmInfo. In January-November 2019, textile production showed the highest growth rates among the segments of the manufacturing industry of Armenia. Thus, according to  the Statistical Committee of the Republic of Armenia, the volume of  textile production has grown 1.7 times year over year for 1.7 fold  (against an increase of 22.4% a year earlier), amounting to 1.2  billion drams.

So, according to the Statistical Committee of the Republic of  Armenia, the volume of textile production has increased over the  course of 11 months y-o-y by 1.7 fold (against an increase of 22.4% a  year earlier),  and amounted to 1.2 billion drams.

In particular, during the reporting period, the production of hosiery  has doubled, amounting to 18 788.9 thousand pairs (against the  decline by 28.2% a year earlier), knitwear - by 41.8% to 5 647  thousand pieces (against the decline by 1.9% a year earlier), of  carpets and rugs - by 23% to 29.9 tons (against growth of 59.9%), of  knitted products - by 13.5% to 4.2 tons (against a decline of 11.9% a  year earlier )

It should be noted that, according to the data of the RA Customs  Service, in the first half of 2019, Armenia exported knitted goods by  more than $ 16.8 million, which is 31.1% less than the indicator a  year ago. The lion's share of the export of knitwear in Armenia falls  on the Russian market. 

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