Thursday, December 30 2021 17:08
Alina Hovhannisyan

Share of high-tech products in Armenia`s export pattern must be  increased - minister

Share of high-tech products in Armenia`s export pattern must be  increased - minister

ArmInfo.Armenia's export pattern leaves to be desired, RA Minister of Economy Vahan Kerobyan stated in an interview on Wednesday.

Ore and concentrates, rough gold, constitute 60% of Armenia's  exports, primary agricultural products, 20%, low-tech products, 10%,  mid-tech products, 10% and high-tech products, 1.5%. 

As regards the export of high-tech services, the situation is  somewhat better.  

"We are planning to change the export pattern by considerably  increasing the share high-tech products especially as the essential  part of the government-prioritized industries are high-tech ones. The  heavy industry includes machine-building, pharmaceutical and chemical  industries, metallurgy. The light industries are textile, food and  tanning industries. We are expecting huge exports in these industries  and we'll try to improve productivity in the light industry. It is  not labor force that we must sell. Rather it is branding, marketing,  design and ideas by creating Armenian brands or products with a high  added value," Mr Kerobyan said.