Wednesday, April 28 2021 18:22
Alina Hovhannisyan

Armenia significantly reduced imports of passenger cars in 2020

Armenia significantly reduced imports of passenger cars in 2020

ArmInfo. In 2020, Armenia significantly reduced imports of passenger cars - by 93.3% to 14 thousand units. In value terms, the import of passenger cars also  significantly decreased - by 86% to $ 78.3 million, as evidenced by  the data of the RA Customs Service.

 According to the source, cars were imported to Armenia mainly from Japan (56.4%), the USA (13.5%), Germany (12.1%), Russia (8.5%), as well as China, Mexico, Canada,  Republic of Korea, United Kingdom, Slovakia, France, Austria, Poland.

At the same time, in 2020, Armenia exported 216 cars, which is 80.3%  less than a year ago. The customs value of export of cars also  decreased - by 92.8% to $ 1.5 million. Cars were exported mainly to  Georgia (62.9%), Russia (18.9%), as well as to the USA, Ukraine,  China, Germany, Ethiopia, Japan, France, Tajikistan.

Let us recall that from January 1, 2020, the import of cars to  Armenia from third countries was carried out at new customs rates.  With regard to cars, from the moment of production of which no more  than 3 years have passed and the cost does not exceed 8.5 thousand  euros in equivalent, customs clearance was carried out at a single  rate of 54% of the cost, instead of the current 32%, but not less  than 2.5 euros per 1 cubic cm of engine displacement.

For cars, the cost of which ranges from 8.5 thousand euros to 16.7  thousand euros in equivalent, payable customs duties were calculated  at a uniform rate of 48% of the cost, but not less than 3.5 euros per  1 cubic cm engine displacement. And for cars, the cost of which  ranges from 42.3 thousand euros to 84.5 thousand euros in equivalent,  the customs duty is calculated at a uniform rate of 48% of the cost,  but not less than 5.5 euros per 1 cubic cm of engine displacement.

Customs payments will increase especially for cars with more powerful  engines and more than 5 years of age. So, in relation to cars, since  the release of which more than 5 years have passed and the working  volume of the engine exceeds 2300 cubic cm, but less than 3000 cubic  cm, the customs duty will be calculated at a flat rate of 5 euros per  1 cubic cm engine displacement. For a car with an engine capacity of  more than 3000 cubic cm, customs clearance will cost at a flat rate  of 5.7 euros per 1 cubic cm engine displacement.