Thursday, September 3 2020 20:36
Alina Hovhannisyan

Imports of oil products to Armenia in first half of 2020 grew by  53.3%, while customs value increased by 5.8%

Imports of oil products to Armenia in first half of 2020 grew by  53.3%, while customs value increased by 5.8%

ArmInfo.  Imports of oil  products to Armenia in quantitative terms increased in the first half  of 2020 by 53.3% per annum - up to 246.2 thousand tons (against an  increase of 4.1% a year earlier). At the same time, the customs value  increased by 5.8% - to $ 128.4 million, while a year earlier in the  same period a decline of 4.9% was recorded. This is evidenced by the  data of the Armenian Customs Service.

During the reporting period, oil products were mainly imported from  Russia (80.5%) and Iran (12.8%), as well as Turkey (2.7%), Romania  (1.6%), Greece (1.2%), Georgia (0.4%). According to the source, in  the reporting period, the export of oil products underwent  significant growth, as in the previous year. Export volumes from 4  tons in the first half of 2019 increased to 154.3 tons in the same  period of 2020, against the background of an increase in the customs  value from $ 6.4 thousand to $ 117.6 thousand. In the first half of  2020, Armenia exported the dominant volume of oil products to Iran -  92.5%, and the rest of the volume falls on the Russian Federation  (5.3%), Belarus (1.4%), Georgia and Ukraine.