Monday, September 7 2020 13:26
Alina Hovhannisyan

Armenia has reduced the volume of gold exports without losing customs  value

Armenia has reduced the volume of gold exports without losing customs  value

ArmInfo. In the first half of 2020, 2,722.4 kg of gold were exported from Armenia (including electroplating), which is 11.8% less than a year ago, against an  increase of 32.8% in the same period in 2019. At the same time, the  customs value of exported gold increased in the first half of 2020 by  6.9% - to $ 123.9 million, as evidenced by the data of the RA Customs  Service.

According to the source, at the same time, Armenia reduced gold  imports by 67.5% (against an increase of 7.7% a year earlier) to  331.2 kg, while the customs value fell by 60.8% to $ 17.1 million.

During the reporting period, Armenia exported gold, mainly to  Switzerland - 63.2%, the UAE - 36.2%, and the remaining 0.6% to the  Russian Federation. The dominant volume of imported gold came from  the Russian Federation (77.3%), and the remaining 18.2% from the UAE,  3% from the USA and 1% from Switzerland.