ArmInfo.The trade sector of Armenia in H1 2022 accelerated y-o-y growth from 8% to 10.7%, with a volume of 1.8 trillion drams ($3.8 billion). According to the RA Statistical Committee, in June alone, the trade sector provided revenue of 378.7 billion drams ($896 million), with a monthly increase of 12.8% (against 7.2% growth in June 2021).
Such dynamics is due to the fact that wholesale trade accelerated growth somewhat, retail trade maintained its growth rates, and car trade reversed its trend from a decline to a significant increase.
In particular, wholesale trade in H12 022 showed an increase of 15.4% (against 14.1% growth a year earlier), amounting to 1.01 trillion drams. In June alone, the wholesale trade turnover increased by 16% (against 7.9% growth in June 2021), amounting to 230 billion drams.
At the same time, retail trade turnover grew in H1 2022 almost as much as last year - 2% against 2.2%, amounting to 720.2 billion drams. In June alone, retail trade turnover increased by 3.2% (against 7.6% growth in June 2021), amounting to 135.8 billion drams.
In the retail trade terms, the largest turnover is provided by stores (including supermarkets) - 568.1 billion drams or 78.9% (with an output of y-o-y dynamics from 2.2% growth to 4% growth), other retail centers - 102.8 billion drams or 14.3% (with a slowdown in y-o-y growth from 18.6% to 0.7%), followed by consumer goods markets by a margin - 30.9 billion or 4.3% (with a reversal of y-o-y dynamics from 44.1% growth for 15.8% decline), stalls and kiosks- 11.2 billion or 1.5% (with a slowdown in the y-o-y decline from 16.3% to 9.6%), and agricultural markets - 7.2 billion or 1% (with a reversal of y-o-y dynamics from 35.5% growth to 11.3% decline).
The volume of purchase / sale of cars in H1 2022 increased sharply by 52.6% (recovering from last year's 5.5% decline), amounting to 67.9 billion drams. In June alone, the turnover of car trade increased by 11.9% (against a decline of 7.7% in June 2021), amounting to 12.9 billion drams.
In the terms of the total trade turnover of Armenia, the lion's share (56.2%) falls on wholesale, 40% - on retail, and 3.8% - on the purchase / sale of cars, against respectively 53.6%, 43.5% and 2 .9% in H1 2021. It should be noted that the average settlement rate of the dram against the US dollar in January-June 2022 was 468.24 AMD/$1, and in June - 422.69 AMD/$1.