ArmInfo.This January-March, Russia remained leader in Armenia's foreign trade turnover, its share being $634.2mln - a 40.6% growth against an 8.1% decline last January- March. Russia also remained leader in Armenia's exports and imports, with respective shares of $186.2 and $448.02. Exports showed a 23.3% growth against 2% growth, with imports showing a 49.4% growth against the 12.4% decline last January-March.
China remains the second leader in Armenia's foreign trade. Specifically, this January-March, the Armenian-Chinese foreign trade turnover totaled $312.8mln, with a year-on-year growth of 39.3% against 13.1%. Specifically, Armenia's exports showed a sharp slowdown - 1.2% against 95.1%, with imports showing a 60% growth against an 8% decline, So the exports totaled $80.2mln and imports, $232.6mln.
Iran is thee third leader in Armenia's foreign trade turnover. In January-March, the Armenian-Iranian trade totaled $140.2mln, with the year-on-year growth reaching 37.4% against 36.8%. Specifically, Armenia's exports to Iran exceeded $23.9% - a 52.5% growth against a 17.7% decline. Armenia's imports from Iran totaled $116.3mln - a 34.7% growth against a 55.6% growth.
Germany moved up to the 4th place in Armenia's foreign trade, its share being $87.8mln, despite a slower year-on-year growth - 23.6% against 36.1%. Specifically, Armenia's exports to Germany totaled $27.4mln (a year-on-year growth of 52% against 33.2%), with Armenia's imports from Germany totaling $60.4mln (a 13.9% growth against 37.1% growth).
Switzerland was the firth largest trade partner of Armenia, its share being $81.4mln in Armenia's foreign trade - a 4.9% growth against a 9% decline. However, Switzerland has the third largest share in Armenia's exports ($75.9mln) - a 2.4% growth against a 9.6% decline. Armenia's imports from Switzerland showed a sharp growth - 7.7% up to 58.1%, reaching $5.5mln.
As regards Armenia's exports, Russia, China and Switzerland are the top three markets, with Russia, China and Iran being the top three states Armenia imports products from.
Russia's share in Armenia's foreign trade increased from 29.8% to 30.2% and that of China, from 14.8% to 14.9%. Iran's share remained 6.7%, with the shares of Germany and Switzerland declining from 4.7% to 4.2% and from 5.1% to 3.9% respectively.
In Armenian-Russian trade, the unfavorable balance showed a 76% increase (up to $261.8mln), that of Armenian-Chinese trade, a 2.3-fold (up to $152mln), that of Armenian-Iranian trade, a 30.6% increase (up to $92.3mln) and that of Armenian-German trade decreased by 5.7% (down to $33mln). On the other hand, Armenian-Swiss trade showed a favorable balance, with a 0.4% decrease. Armenia's trade with the following states showed a favorable balance as well: Iraq ($51.4mln), the Netherlands ($47.9mln), Bulgaria ($42.8mln), United Arab Emirate ($14.1mln), Slovakia ($2.5mln), Georgia ($2.1mln), Turkmenistan ($1.96mln), Kazakhstan ($.6mln), Belgium ($1.6mln), Cyprus ($1.1mln) and Kyrgyzstan ($818,000).
This January-March, Armenia's foreign trade turnover totaled $2.098bln - a 38.5% growth against the 4.4% decline. Specifically, the 45.6% growth in imports against the 8.7% decline the previous period was accompanied by an accelerated growth in exports from 3.4% up to 26.9%, with the volumes reaching $1.4bln and $731.8mln respectively.
In January-March, 2022, Armenia's trade with the Eurasian Economic Union (EAEU) member-states totaled $653.7, with a 40.7% year-on-year growth against a 9.3% decline during the previous period, with imports totaling $459.9mln (49.9% growth against a 14.2% decline), with exports totaling $193.8 (a groeth from 2.1% up to 22.9%). Armenia's foreign trade with the European Union (EU) totaled $407.7mln - a growth from 4.6% up to 26.8%, with exports and imports totaling $178.1mln and $229.6mln.
As a result, this January-March, Armenia's unfavorable foreign trade balance showed a 75.5% growth against a 13.4% decline, totaling $634.5mln. Specifically, the unfavorable balance of Armenia's trade with the EAEU member-states totaled $266.2mln (a 78.4% growth), with that of Armenia's trade with the EU reaching $51.4mln (a 23.4% decline). Last January-March, the unfavorable balance of Armenia's trade with both the EAEU member-states and EU showed a decline of 26.1% and 4.6% respectively.
