Tuesday, June 8 2021 12:52
Karine Melikyan

In Armenia`s foreign trade turnover Russia and China continue to be  leaders in exports and imports

In Armenia`s foreign trade turnover Russia and China continue to be  leaders in exports and imports

ArmInfo. In Armenia's foreign trade turnover, the leadership is held by Russia with a volume of $ 656.9 million in January-April 2021, with an acceleration of y-o-y growth  from 2% to 2.4%. Russia retains leadership not only in this  indicator, but also in exports and imports - $ 220.9 million and $  436 million, respectively, with the change of the y-o-y export  dynamics from 11.3% decline to 20.9% growth with a change of the  import trend from 8.1% growth for 4.9% decline. This is evidenced by  the final data of the RA Statistical Committee.

The second place in Armenia's foreign trade turnover continues to be  occupied by China, which has secured the same place in terms of  exports and imports. Thus, the foreign trade turnover between Armenia  and China amounted to $ 324.5 million in January-April, with the  y-o-y dynamics changing the 11.1% decline by 32% growth. In  particular, the export of Armenian goods to China sharply accelerated  the y-o-y growth from 11.4% to 2.2-fold, and the import of goods from  China changed the dynamics from the 16.4% decline to 4.9% growth, the  volume of which amounted to $ 127.1 million and $ 197.4 million,  respectively.

Iran is in the third place in the foreign trade turnover of Armenia,  keeping the same place in terms of imports. Foreign trade turnover  between Armenia and Iran amounted to $ 136.5 million in  January-April, with a change of dynamics from 0.4% decline to 35.1%  growth. In particular, the volume of exports of Armenian goods to  Iran amounted to $ 22.5 million with a deterioration in the y-o-y  dynamics from 56% growth to a 19.2% decline, and imports of goods  from Iran - $ 114 million, with the change of the 12.4% decline to an  increase of 55.7%.

Switzerland ranks fourth in Armenia's foreign trade turnover - $  119.1 million, with a change of dynamics from 11.1% decline to 9.5%  growth. But in terms of exports, Switzerland secured the third place-  $ 104.1 million, with a slowdown in they-o-y decline from 21.8% to  0.1%, while the y-o-y dynamics of imports of goods from Switzerland  changed from a decline of 80.1% to a 3.4-fold increase - up to $ 15  million.

Germany held the fifth position in Armenia's foreign trade turnover -  $ 95.8 million, thanks to the release of the annual dynamics from the  26.7% decline to 35.9% growth. In particular, the volume of exports  of Armenian goods to Germany amounted to $ 25.7 million (with the  release of the annual dynamics from a 26.2% decline to 55.6% growth),  while imports in the amount of $ 70.1 million (with a reversal of the  annual dynamics from 26.9 % decline by 29.8% growth).

In TOP-3, after Russia, the second and third places are held by China  and Switzerland in terms of exports, and China and Iran in terms of  imports.  In Armenia's foreign trade turnover, the share of Russia  decreased on a y-o-y terms from 31.7% to 30.3%, China - increased  from 12.1% to 15%, Iran - from 5% to 6.3%, Germany - from 3.5% % to  4.4%, Switzerland - from 5.4% to 5.5%.  

The negative balance of foreign trade between Armenia and Russia  decreased by 22.1% to $ 215.1 million, with China - by 46% to $ 70.3  million, with an 2-fold increase in this indicator towards Iran -to $  91.4 million, Germany - by 18.4% to $ 44.3 million. The balance of  foreign trade between Armenia and Switzerland is positive - $ 89.2  million with a y-o-y decline of 10.6%. Among the countries of  Armenia's trading partners, in addition to Switzerland, a positive  foreign trade balance is recorded: Iraq ($ 41.1 million), Bulgaria ($  50 million), the Netherlands ($ 27.8 million), the United Arab  Emirates ($ 12.3 million), the United States ($ 1.4 million),  Kazakhstan ($ 2.1 million) and Kyrgyzstan ($ 674.7 thousand).  

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 %.  

Armenia's foreign trade turnover with the EAEU countries in  January-April 2021 amounted to $ 678.9 million, with a slowdown in  y-o-y growth from 2.4% to 1.6%, against the backdrop of a reversal of  import dynamics from 8.3% to 6.1% decline - to $ 448.3 million, while  exports changed from a 10.6% decline by 20.8% growth - to $ 229.9  million. And Armenia's foreign trade turnover with the EU countries  in January- April 2021 changed from a 13.4% decline by 12.4% growth,  exceeding $ 449.6 million, against the background of improving the  y-o-y dynamics of exports and imports from 11.7-14.4% decline by 9.4-  14.2% growth - to $ 166.9 million, and $ 282.8 million respectively.  

As a result, the negative foreign trade balance of Armenia slowed  down they-o-y decline in January-April 2021 from 16.4% to 14.2%,  amounting to $ 532.9 million. In particular, the negative balance of  Armenia's foreign trade with the EAEU countries decreased in  January-April 2021 by 24 % per annum - to $ 218.5 million, and with  the EU countries increased by 21.9% - to $ 115.9 million, while in  the same period of 2020, the foreign trade deficit with the EAEU  countries was growing by 19%, and with the EU countries it was in a  decline of 18.4%.


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