Wednesday, March 4 2020 23:14
Alina Hovhannisyan

Armenia steadily increases gold export

Armenia steadily increases gold export

ArmInfo. In 2019, 5,825 kg of gold (including galvanic deposition) was exported from Armenia, which in quantitative terms is 16.3% higher than the y-o-y indicator.  According to the report of the RA Customs Service, the customs value  of exported gold in 2019 increased by 27.4% per annum to $ 223.7  million.

During the reporting period, Armenia exported gold, as a year  earlier, to Switzerland (96.6%), as well as to Italy (3.2%) and the  UAE (0.2%).

At the same time, in 2019, 2 512.3 kg of gold was imported, which is  42.2% more than the year-ago indicator, for a total of $ 114.6  million (with a y-o-y growth of 56.7%).  Among the countries  supplying gold to Armenia, Russia also dominates (82.1%), followed by  the UAE (15.7%), the USA (1.2%), as well as Turkey and Switzerland.