ArmInfo. Armenia's foreign trade turnover with the EU countries in January-May 2021 reached 16.6% growth (from a 19.8% decline a year earlier), amounting to $ 573.2 million.
The negative balance of Armenia's foreign trade with the EU countries amounted to $ 125 million, with a y-o-y decline of 4.1% (against an 18.5% decline in the same period in 2020). This was due to the improvement in the y-o-y dynamics of exports and imports from the 20.2-19.5% decline to 24-12.2% growth, the absolute value of which in January-May amounted to $ 224.1 million and $ 349.1 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 from 19.2% to 20% on a y-o-y terms.
In the structure of Armenia's foreign trade with the EU countries, the largest share falls on Germany - 19.9% or $ 114.3 million (with an improvement in y-o-y dynamics from a 30.7% decline to 25% growth), Italy - 18.3% or $ 105.1 million (with an improvement in the y-o-y dynamics from the 22.9% decline to 23.9% growth), Bulgaria - 14.8% or $ 85.1 million (with an improvement in the y-o-y dynamics from 5.8% decline to 10.5 % growth), the Netherlands - 11.9% or $ 68 million (with the release of the annual dynamics from the 23.9% decline to 9.1% growth), and France - 7% or $ 39.9 million (with an improvement in the y-o-y dynamics from 2.1% decline to 7.1% growth).
The negative balance of foreign trade between Armenia and Germany decreased by 2.2% to $ 49.96 million, with France - by 5.7% to $ 32.8 million, and with Italy, on the contrary, increased by 11.8% to $ 63.6 million. Armenia's foreign trade with Bulgaria grew by 5% to $ 68.9 million, and with the Netherlands - by 2% to $ 38 million, and in addition to them, positive indicators among the EU trading partners were shown by Belgium and Slovakia - respectively $ 910.8 thousand and $ 361.5 thousand (the first with a y-o- y growth of the surplus, and the second - with an exit from the minus level to plus).
Exports of Armenian goods to Germany increased on a y-o-y terms by 59.4% - to $ 32.2 million, with an increase in imports of goods from Germany by 15.2% - to $ 82.1 million, while a year earlier there was a decline in exports by 29.4% and imports by 31.1%. The export of Armenian goods to Italy increased by 48.7% - to $ 20.8 million, with an increase in imports of goods from Italy by 19% - to $ 84.3 million, while a year earlier there was a decline in exports by 38.9% and imports by 18. 6%. The export of Armenian goods to Bulgaria increased by 8% - to $ 76.99 million, with an increase in imports of goods from Bulgaria by 42.7% - to $ 8.1 million, against multidirectional dynamics a year earlier - an increase in exports by 6.3% was accompanied by a significant decline in imports by 61. 6%. The export of Armenian goods to the Netherlands increased by 6.4% - to $ 53 million, while the import of goods from the Netherlands increased by 20% - to $ 14.99 million, against the downtrend a year earlier in both cases- exports by 24.9% and imports by 19.6%. The export of Armenian goods to France increased 2.9-fold - to $ 3.5 million, with an increase in imports of goods from France by 1% - to $ 36.3 million, while a year earlier the opposite situation was observed - an impressive decline in exports by 74.8% was accompanied by an increase imports by 8.9%.
In terms of the volume of export of Armenian goods to the EU countries, Bulgaria is in the lead, the Netherlands is in 2nd place, Germany is in 3rd place, Italy is in 4th place, and France is in 8th place. In terms of import volume among the EU countries, Italy, Germany and France remained in the TOP-3, while the Netherlands and Bulgaria occupy the 6th and 9th places.
In total, Armenia's foreign trade turnover in January-May 2021 amounted to $ 2.9 billion, with a y-o-y of 11.6% (against an 11.2% decline a year earlier). In particular, the growth in exports by 20.8% to $ 1.1 billion was accompanied by an increase in imports by 6.7% to $ 1.8 billion, while a year earlier both items were in decline - exports by 8.1% and imports by 12.8%. %. As a result, the negative foreign trade balance of Armenia in January-May 2021 slowed down the y-o-y decline from 17.7% to 9.8%, amounting to $ 694.9 million.