Tuesday, April 13 2021 11:51
Alina Hovhannisyan

Armenia`s trade sector was in decline in January-February 2021

Armenia`s trade sector was in decline in January-February 2021

ArmInfo. The trade sector of Armenia in January-February 2021 showed a decline of 11.3% (against 6.3% growth a year earlier), providing a turnover of 412.5 billion  drams ($789.6 million).

And only in February 2021, the trade turnover  in Armenia increased by 19.7%, amounting to 225.5 billion drams  ($430.8 million). According to the data of the RA Statistical  Committee, the downward trend of the trade sector in January-February  2021 came from the decline in wholesale and retail trade, as well as  the sagging volume of car sales.

According to statistical data, wholesale trade revenue in  January-February 2021 decreased by 7.6% (against 4.6% growth a year  earlier), amounting to  205.6 billion drams ($393.7 million).

Retail trade turnover in January-February 2021г. dipped more  significantly by 13% (compared to 6.8% growth in the previous year),  making 195.4 billion drams ($374 million).

The amount of buying/selling cars in January-February 2021г weight  was reduced by 36% (versus 22.6 percent growth in the previous year),  accounting for 11.4 billion drams ($21.9 million).

In the structure of retail trade, the largest turnover is provided by  stores (including supermarkets) - 76.7% or 149.9 billion drams (with  an annual decline of 14.2%), other retail facilities - 15.3% or 29.8  billion drams (with an annual decline of 4.9%), followed by consumer  goods markets - 5.3% or 10.3 billion drams. (with an annual decline  of 11%), kiosks - 1.7% or 3.4 billion. (with an annual decline of  35.7%), and agricultural markets - 1% or 1.8 billion rubles. (with an  annual growth of 15%).

In the structure of the total trade turnover of Armenia, wholesale  trade dominates-49.8%, followed by retail - 47.4%, and the share of  buying/selling cars accounts for only 2.8%. -v  STATISTICS-TRADE-FEBRUARY Armenia's trade sector was in decline in  January-February 2021 Yerevan, 13.04.21. ArmInfo, Alina Hovhannisyan.   The trade sector of Armenia in January-February 2021 showed a decline  of 11.3% (against 6.3% growth a year earlier), providing a turnover  of 412.5 billion drams ($789.6 million). And only in February 2021,  the trade turnover in Armenia increased by 19.7%, amounting to 225.5  billion drams ($430.8 million). According to the data of the RA  Statistical Committee, the downward trend of the trade sector in  January-February 2021 came from the decline in wholesale and retail  trade, as well as the sagging volume of car sales.  According to  statistical data, wholesale trade revenue in January-February 2021  decreased by 7.6% (against 4.6% growth a year earlier), amounting to  205.6 billion drams ($393.7 million).  Retail trade turnover in  January-February 2021г. dipped more significantly by 13% (compared to  6.8% growth in the previous year), making 195.4 billion drams ($374  million).  The amount of buying/selling cars in January-February  2021г weight was reduced by 36% (versus 22.6 percent growth in the  previous year), accounting for 11.4 billion drams ($21.9 million).   In the structure of retail trade, the largest turnover is provided by  stores (including supermarkets) - 76.7% or 149.9 billion drams (with  an annual decline of 14.2%), other retail facilities - 15.3% or 29.8  billion drams (with an annual decline of 4.9%), followed by consumer  goods markets - 5.3% or 10.3 billion drams. (with an annual decline  of 11%), kiosks - 1.7% or 3.4 billion. (with an annual decline of  35.7%), and agricultural markets - 1% or 1.8 billion rubles. (with an  annual growth of 15%).  In the structure of the total trade turnover  of Armenia, wholesale trade dominates-49.8%, followed by retail -  47.4%, and the share of buying/selling cars accounts for only 2.8%. 

POST A COMMENT
Input digits     


News
Safe online shopping. A few tipsSafe online shopping. A few tips
Ardshinbank: Visa Direct transfers with more advantageous termsArdshinbank: Visa Direct transfers with more advantageous terms
Interview with Huib-Jan de RuijterInterview with Huib-Jan de Ruijter
Armenia`s foreign trade turnover with the EAEU countries is in  declineArmenia`s foreign trade turnover with the EAEU countries is in  decline
Head of the Fund: Electricity tariff may be loweredHead of the Fund: Electricity tariff may be lowered
Armenia`s foreign trade turnover decreased by 4.4% per annum in the  first quarter of 2021Armenia`s foreign trade turnover decreased by 4.4% per annum in the  first quarter of 2021
Natural population growth in Armenia decreased by 17% in the first  quarter of 2021Natural population growth in Armenia decreased by 17% in the first  quarter of 2021
In Armenia, the negative balance of migration in the first quarter of  2021 decreased by 30.6%In Armenia, the negative balance of migration in the first quarter of  2021 decreased by 30.6%
Armenia considers the possibility of extending the ban on the import  and sale of goods of Turkish originArmenia considers the possibility of extending the ban on the import  and sale of goods of Turkish origin
Acting Minister of Economy: It`s time to make a decision on Amulsar  Acting Minister of Economy: It`s time to make a decision on Amulsar  
Armenia`s textile industry increased its volumes by 73.2% per annum  in Q1 of 2021Armenia`s textile industry increased its volumes by 73.2% per annum  in Q1 of 2021
Lavrov: As we get out of the epidemiological situation, the trade  turnover between Russia and Armenia will increase rapidlyLavrov: As we get out of the epidemiological situation, the trade  turnover between Russia and Armenia will increase rapidly
In Q1 services in a number of areas remained on the rise, but  significantly slowed down the rateIn Q1 services in a number of areas remained on the rise, but  significantly slowed down the rate
Armenia`s alcohol industry recovers from coronavirus crisis in a yearArmenia`s alcohol industry recovers from coronavirus crisis in a year
Dominant telecommunications sector registers growth in Armenia`s  communications sectorDominant telecommunications sector registers growth in Armenia`s  communications sector
Historical records: Pashinyan spoke about the process of  economic recovery in ArmeniaHistorical records: Pashinyan spoke about the process of  economic recovery in Armenia
Passenger traffic in Armenia deepens into recession amid accelerated  growth in freight trafficPassenger traffic in Armenia deepens into recession amid accelerated  growth in freight traffic
Economy Minister insists: Armenia will reach double-digit economic  growth by the end of the yearEconomy Minister insists: Armenia will reach double-digit economic  growth by the end of the year
Metallurgical industry of Armenia in Q1 of 2021 increased production  volumes by 4.1%Metallurgical industry of Armenia in Q1 of 2021 increased production  volumes by 4.1%
In Armenia, aluminum foil production volumes decreased by 2.6% per  annum in Q1In Armenia, aluminum foil production volumes decreased by 2.6% per  annum in Q1
Y-O-Y inflation in Armenia in April 2021, amounted to 6.2%, and in  January-April alone-5.1% Y-O-Y inflation in Armenia in April 2021, amounted to 6.2%, and in  January-April alone-5.1% 
Armenian economy tries to growArmenian economy tries to grow
Electricity generation in Armenia slowed down y-o-y growth rate in Q1Electricity generation in Armenia slowed down y-o-y growth rate in Q1
Armenia`s industrial sector in the first quarter of 2021 reduced  production volumes by 3.9% per annumArmenia`s industrial sector in the first quarter of 2021 reduced  production volumes by 3.9% per annum
Central Bank of Armenia: Private transfers have registered growth-  tangible in inflow and weak in outflowCentral Bank of Armenia: Private transfers have registered growth-  tangible in inflow and weak in outflow
The art of interpretation: 50% is also a result. The art of interpretation: 50% is also a result. "Prosperous Armenia"  indulges in populism, insisting that writing off debt on loans is  justified
Central Bank of Armenia: An increase in private transfers by 47.7%  per annum was registered in Armenia, in Q1 of 2021Central Bank of Armenia: An increase in private transfers by 47.7%  per annum was registered in Armenia, in Q1 of 2021
Central Bank of Armenia: The share of non-performing loans in the  loan portfolio of the banking system of Armenia reached 7.1% in Q1 of  2021Central Bank of Armenia: The share of non-performing loans in the  loan portfolio of the banking system of Armenia reached 7.1% in Q1 of  2021
The regulator is confident that it will be possible to return to the  inflation target next yearThe regulator is confident that it will be possible to return to the  inflation target next year
Central Bank considers it necessary to gradually neutralize the  stimulating effect of monetary conditionsCentral Bank considers it necessary to gradually neutralize the  stimulating effect of monetary conditions
Armenian lawmaker promises that cross-border VAT payments will be  canceledArmenian lawmaker promises that cross-border VAT payments will be  canceled
Iranian official: Armenia is a window to international marketsIranian official: Armenia is a window to international markets
Central Bank of Armenia raised refinancing rate from 5.5% to 6%Central Bank of Armenia raised refinancing rate from 5.5% to 6%
ARMENAL prepares for ASI certificationARMENAL prepares for ASI certification
IMF gives forecast of Armenia`s key indicators for 2021 - 2022IMF gives forecast of Armenia`s key indicators for 2021 - 2022
Land continues to be the most attractive asset in ArmeniaLand continues to be the most attractive asset in Armenia
In cooperation with Russian Sberbank, Ardshinbank launches instant money transfers through phone numberIn cooperation with Russian Sberbank, Ardshinbank launches instant money transfers through phone number
Armenia and EU intend to expand cooperation in the customs fieldArmenia and EU intend to expand cooperation in the customs field
Summarizing the results of the campaign dedicated to Women`s HolidaysSummarizing the results of the campaign dedicated to Women`s Holidays
Prices for apartments in Yerevan fell on average by 6% over the year,  while the number of transactions decreased by 16.5%Prices for apartments in Yerevan fell on average by 6% over the year,  while the number of transactions decreased by 16.5%
On April 26-30, 2021, the volume of dollar transactions in the  foreign currency interbank of Armenia decreased by 30%On April 26-30, 2021, the volume of dollar transactions in the  foreign currency interbank of Armenia decreased by 30%
Ambassador: Armenia`s business environment is favorable for Iranian  businessAmbassador: Armenia`s business environment is favorable for Iranian  business
Pashinyan visited the innovative town of Innopolis in KazanPashinyan visited the innovative town of Innopolis in Kazan
Armenia entered the TOP-5 countries recommended for Russian tourists  for the May holidaysArmenia entered the TOP-5 countries recommended for Russian tourists  for the May holidays
Converse Bank. Another cashback campaign dedicated yet to another holidayConverse Bank. Another cashback campaign dedicated yet to another holiday
Armenia`s international reserves increased by 16.5% per annum by  April 2021Armenia`s international reserves increased by 16.5% per annum by  April 2021
Carrefour plans to open 10 more supermarkets in Armenia during the  yearCarrefour plans to open 10 more supermarkets in Armenia during the  year
ArmInfo Financial rating: Health insurance fees stagnate, and travel  insurance is in the deep redArmInfo Financial rating: Health insurance fees stagnate, and travel  insurance is in the deep red
Armenia is going to prolong the loan with ADB and significantly  increases the financial burden of the state treasuryArmenia is going to prolong the loan with ADB and significantly  increases the financial burden of the state treasury
Expert: Armenian retail should work towards creating solutionsExpert: Armenian retail should work towards creating solutions
One more type of Converse Bank lending made available on the SME online lending platformOne more type of Converse Bank lending made available on the SME online lending platform
Armenia significantly reduced imports of passenger cars in 2020Armenia significantly reduced imports of passenger cars in 2020
IDpay: transfers from Armenia to Russia and vice versaIDpay: transfers from Armenia to Russia and vice versa
Armenia increased imports of wheat in 2020, reducing the volume of  flour suppliesArmenia increased imports of wheat in 2020, reducing the volume of  flour supplies
Pashinyan promises to announce a new agricultural program in the near  futurePashinyan promises to announce a new agricultural program in the near  future
Robert Kocharyan: Armenia can be turned into a large construction  siteRobert Kocharyan: Armenia can be turned into a large construction  site
Kocharyan: Opening of border with Turkey will deal a serious blow to  Armenia`s agriculture today Kocharyan: Opening of border with Turkey will deal a serious blow to  Armenia`s agriculture today 
ArmInfo financial rating: Travel insurance goes deeper into the  negativeArmInfo financial rating: Travel insurance goes deeper into the  negative
In 2020, Armenia reduced wine exports by 5.9%, while imports  increased by 58.4%In 2020, Armenia reduced wine exports by 5.9%, while imports  increased by 58.4%
The SRC of Armenia proposes to radically simplify the procedure for  VAT refund to exporters and reduce the refund period from three to  one monthThe SRC of Armenia proposes to radically simplify the procedure for  VAT refund to exporters and reduce the refund period from three to  one month
Read more


Exchange rates
06.05.2021
RUB6.990.02
USD521.450.41
EUR628.192.73
GBP725.651.72
CAD425.811.68
JPY47.780.13
CNY80.35-0.22
CHF573.273.83