ArmInfo. Armenia's foreign trade turnover with the EU countries in January-April 2021 reached 12.4% growth (from a 13.4% decline a year earlier), exceeding $ 449.6 million.
The negative balance of Armenia's foreign trade with the EU countries amounted to $ 115.9 million, with a y-o-y growth of 21.9% (against an 18.4% decline in the same period in 2020). This was due to the improvement in the y-o-y dynamics of exports and imports with a change from the 11.7-14.4% decline to 9.4-14.2% growth, the absolute value of which in January-April amounted to $ 166.9 million and $ 282.8 million, respectively. This is evidenced by the final data of the RA Statistical Committee.
As a result, the share of Armenia's foreign trade turnover with the EU countries in the overall structure of foreign trade increased on a y-o-y terms from 19.8% to 20.7%.
In the structure of Armenia's foreign trade with the EU countries, the largest share falls on Germany - 21.3% or $ 95.8 million (with an improvement in annual dynamics from a 26.7% decline to 35.9% growth), Italy - 18% or $ 80.98 million (with the release of the y-o-y dynamics from the 14.6% decline to 19.1% growth), Bulgaria - 14.3% or $ 64.2 million (with the deterioration of the annual trend from 5.1% growth to 3% - recession), the Netherlands - 11.6% or $ 52.3 million (with the change of the y-o-y dynamics from the 18.9% decline by 1.1% growth), and France - 7.3% or $ 32.6 million (with a slowdown in the y-o-y growth from 4.6% to 1.3%).
The negative balance of foreign trade between Armenia and Germany increased by 18.4% to $ 44.3 million, with Italy - increased by 12.8% to $ 52.1 million, and with France, on the contrary, decreased by 10.3% to $ 26.9 million. Armenia's foreign trade with Bulgaria declined by 12.4% to $ 50 million, and with the Netherlands declined by 10.9% to $ 27.8 million, and these are the only positive indicators among active trading partner countries from the EU.
Exports of Armenian goods to Germany increased on a y-o-y terms by 55.6% - up to $ 25.7 million, with an increase in imports of goods from Germany by 29.8% - to $ 70.1 million, while a year earlier there was a decline in exports by 26.2% and imports by 26.9%.
The export of Armenian goods to Italy increased by 32.7% - to $ 14.4 million, with an increase in imports of goods from Italy by 16.5% - to $ 66.5 million, while a year earlier there was a decline in exports by 33.9% and imports by 9.6%. Exports of Armenian goods to Bulgaria decreased 7.3% - to $ 57.1 million, with an increase in imports of goods from Bulgaria by 56.2% - to $ 7.1 million, against multidirectional dynamics a year earlier - an increase in exports by 21.1% was accompanied by a significant decline in imports by 62 .5%.
Exports of Armenian goods to the Netherlands decreased by 3.4% - to $ 40.1 million, with an increase in imports of goods from the Netherlands by 19% - to $ 12.2 million, against a downtrend a year earlier in both cases - exports by 20.5% and imports by 11.8%. The export of Armenian goods to France increased 2.6-fold- to $ 2.9 million, while the import of goods from France fell by 4.4% - to $ 29.8 million, while the opposite situation was observed a year earlier - an impressive decline in exports by 72.9% accompanied by an increase in imports by 16.3%.
In terms of the volume of export of Armenian goods to the EU countries, Bulgaria is in the lead, the Netherlands is in second place, Germany is in third, Italy is in fourth, and France is in 8th place. In terms of import volume, Germany, Italy and France remained in the TOP-3 among the EU countries, while the Netherlands and Bulgaria occupy the 5th and 7th places.
In total, Armenia's foreign trade turnover in January-April 2021 amounted to $ 2.2 billion, with a y-o-y growth of 7.2% (against a 10.4% decline a year earlier). In particular, the growth in export volumes by 16.7% to $ 818.7 million was accompanied by an increase in imports by 2.2% to $ 1.4 billion, while a year earlier both exports and imports were in decline - exports by 8.1% and imports by 11.5 %. As a result, the negative foreign trade balance of Armenia in January-April 2021 slowed down the y-o-y decline from 16.4% to 14.2%, amounting to $ 532.9 million
