ArmInfo. In 2020, Armenia reduced the share of manufacturing in total industrial production from 69.8% to 67.1%. In absolute terms, the manufacturing industry declined from $ 3.057 billion recorded in 2019 to $ 2.825 billion at the end of 2020.
According to the analytical review "Main Socio-Economic Indicators of the EAEU", in the structure of industrial production of the EAEU, the share of the manufacturing industry in 2020 increased from 63.6% to 67.8% ($ 706.1 billion), while the mining and quarrying industry, on the contrary, decreased from 26.8% to 21.9% ($ 228.7 billion).
At the same time, the Producer Price Index (PPI) of industrial products in Armenia increased by 4.6% in 2020 (against 1.4% growth in 2019). The growth came mainly from the mining industry - by 21.4% (versus a 2.9% decline in 2019). In terms of the growth of the industrial product price index, Armenia ranks third among the EAEU countries.
But the largest increase in the industrial product price index among the EAEU countries was recorded in Kyrgyzstan - 25.4% (against 8.6% growth in 2019), which was largely due to the mining industry - 39.5% and the processing industry - 28.5%.
Belarus is in the second place with an increase in the price index of industrial products by 8% (against 4.4% growth in 2019), in particular, the most tangible rise in prices was recorded for electricity supply and gas supply - by 16.5% and water supply - by 12.5%. ... Russia is in the fourth place with an increase in the industrial product price index by 3.6% (against a 4.3% decline in 2019), and the decline in the index in the mining industry by 3.3% was accompanied by an increase in the index in the manufacturing industry by 6%.
And in Kazakhstan, the industrial product price index decreased by 4.2% (against 5.1% growth in 2019) due to the fall in the index in the mining industry by 15.2%, while the index in the manufacturing industry grew by 9%.
The industrial product price index for the EAEU as a whole increased by 3.3% in 2020 (against a 3.5% decline in 2019) amid a decline in PPI in the mining industry by 4.7%, while this indicator in the manufacturing industry increased by 6.2 %, while a year earlier in these areas the decline in the index was recorded by 7.9% and 2.6%, respectively.
The volume of industrial production of the EAEU in January-December 2020 amounted to $ 1.043 trillion, decreasing by 2.7% per annum (in constant prices), against an increase of 3.3% in 2019. The highest volume was demonstrated by Russia - $ 922.4 billion, followed by Kazakhstan - $ 64.8 billion, Belarus - $ 47.3 billion, Armenia - $ 4.2 billion and Kyrgyzstan - $ 4.1 billion. In 2020, the largest annual decline in industrial production was observed in Kyrgyzstan - by 6.6%, then Russia followed - by 2.9%, and Armenia had a much smaller drawdown - by 0.9%, while Kazakhstan and Belarus showed the same rate of decline - 0.7%. A year earlier, in January-December 2019, the largest growth in industrial production was demonstrated by Armenia - by 8.2%, followed by Kyrgyzstan - by 6.9%, Kazakhstan - 3.8%, Russia - 3.4%, Belarus - one%.
The review notes that only Russia and Kazakhstan managed to keep the growth in the manufacturing industry in 2020 - 0.3% and 3.9%, slowing down from 3.6% and 4.4% in 2019. And in the rest of the countries, a decline was recorded, and Kyrgyzstan distinguished itself at the highest rate - 7.2%, which, on the contrary, was in the lead in terms of growth in 2019 (8.3%). As for the dynamics of the volumes of the mining industry, among the EAEU countries only Armenia managed to maintain growth - 11.6%, and in 2019 it recorded the highest rate (23.9%). Of the rest of the countries, the most significant subsidence in the mining industry was in Kyrgyzstan - 22.4% (from 18.4% growth in 2019).
In the total volume of industrial production of the EAEU, Russia accounted for 88.5%, Kazakhstan - 6.2%, Belarus - 4.5%, Kyrgyzstan and Armenia - 0.4% each.
