Friday, March 13 2020 17:29
Alina Hovhannisyan

Armenia increased export of copper ore, molybdenum concentrate and  ores containing precious metals in 2019

Armenia increased export of copper ore, molybdenum concentrate and  ores containing precious metals in 2019

ArmInfo.In 2019, Armenia increased the volume of export of copper ore by 32.3% to 562 thousand tons, against the decline in 2018 by 13.2%. According to the data of  the RA Customs Service, in value terms, export of copper ore amounted  to $ 626.6 million, with a y-o-y growth of 19.2%.

Copper ore was exported to Bulgaria (40.3%), Switzerland (29.8%),  China (28%), Canada (1.7%), as well as to Georgia, Germany, the  Russian Federation, Japan, the Netherlands, and the United Kingdom.   A positive trend was also observed in the export of molybdenum  concentrate, the volumes of which increased 2.7-fold (against the  decline by 46.1% in 2018) to 2.1 thousand tons, while the customs  value increased by 2.3-fold reaching up to $ 17.9 million. Exports  were to Switzerland (38.7%), Belgium (37.2%), China (19.1%), Russia  (2.9%), Korea (1.9%), as well as the United Kingdom and the  Netherlands.

At the same time, a decline in exports of zinc concentrate by 2.5%  (against growth by 22.4% in 2018) to 12.2 thousand tons was recorded,  with the entire volume falling to Belgium. During the reporting year,  the customs value decreased by 19.6% to $ 16.5 million.

In 2019, Armenia increased the export of ores containing precious  metals by 6.7% (against an increase of 43.3% in 2018) to 3.3 thousand  tons. At the same time, a decline of 5.6% to $ 3.1 million was  recorded in value terms. And almost the entire volume of exported raw  materials fell, like a year earlier, to Switzerland.

According to the Statistical Committee of the Republic of Armenia, in  2019 the production of molybdenum concentrate increased by 28.9% - up  to 14 322 tons. The volume of copper concentrate production increased  by 26% - up to 400 thousand tons. The production of zinc concentrate  in the reporting year increased by 3.8% to 11,238 tons.