Tuesday, August 2 2022 20:02

ArmInfo. The share of the mining industry in the total volume of Armenia's exports decreased from 60% to 30%. Armenian Minister of Economy Vahan Kerobyan stated  this in an interview with the Armenpress agency.

At the same time, he recalled that the government's program  consistently attached particular importance to the development of  industry, with the identification of priority sectors for the  development of which road maps were developed. But the mining  industry was not the goal, although, according to the minister, it  occupies the prevailing part of the industry.

Kerobyan noted that priority sectors are growing intensively, naming  jewelry, equipment production, food, metallurgy, etc. However, he  noted that in terms of the chemical industry, the development of  which is necessary in the conditions of ensuring high productivity of  the economy, the situation is not very favorable.  "We are just  starting to develop the chemical industry and have rather ambitious  plans, because we can say that we are trying to restore the lost  industry," he said. 

It should be noted that according to the preliminary data of the RA  Statistical Committee, in H1 2022, the industrial sector of Armenia  grew by 5.8%, instead of growth by 2.1% a year earlier, providing a  volume of 1.2 trillion drams ($2.5 billion).  According to the Union  of Informed Citizens for 2021, the lion's share of Armenia's exports  are mining ($928.3 million), followed by prepared foods ($624  million), base metals and products made from them ($364.4 million),  precious and semi-precious stones and products made from them ($333  million), followed by products of plant origin, textile production,  live animals, etc.