ArmInfo. According to the results of 2021, the export of Russian industrial products to Armenia in y-o-y terms increased by 14%, and the import of Armenian products - by 10%. This was stated during the meeting between Minister of Economy of Armenia Vahan Kerobyan and Minister of Industry and Trade of the Russian Federation Denis Manturov, which took place in Moscow as part of a working visit.
According to the press service of the Ministry of Economy, the parties discussed the current state of trade and economic cooperation between Armenia and Russia and the priority areas of joint activities. In particular, during the meeting, Vahan Kerobyan stressed with satisfaction the fact of a significant increase in the volume of trade between the two countries, registered in January-February of this year, and expressed concern about a noticeable decrease in indicators in March. In this regard, he proposed to carry out work to urgently eliminate the causes of decline and restore growth.
The interlocutors also separately touched upon a number of joint programs implemented in various fields. In particular, Denis Manturov emphasized the importance of developing cooperation in the mining, metallurgical, chemical industries, as well as in the field of agricultural engineering.
At the end of the meeting, the Minister of Industry and Trade of the Russian Federation invited Vahan Kerobyan to take part in the international INNOPROM: Central Asia industrial exhibition, which will be held from April 25 to 27 in Tashkent.
It should be noted that according to the RA Statistical Committee, Russia is traditionally the leader in Armenia in terms of foreign trade turnover. In particular, in 2021, the volume of mutual trade between the Republic of Armenia and the Russian Federation increased by 20.9%, amounting to $2.6 billion. At the same time, exports grew by 24.5% to $847.2 million, against the backdrop of an increase in imports by 19.2% to $1.8 billion In January-February 2022, trade between the countries increased by 61.4% to $475.2 million. Exports showed an increase of 43.1% to $147.8 million, imports by 71.2% to $327.4 million.
