Armenia`s foreign trade sees sharp decline after neutralization of diamond and gold re-export factor

 Wednesday, July 9 2025 15:27:00
Armenia`s foreign trade sees sharp decline after neutralization of diamond and gold re-export factor

ArmInfo. In Armenia's foreign trade, transactions involving precious metals and stones have seen to decline since 2025, amounting to 25% ($1.97 billion) in total from January- May, compared to 65% ($9.99 billion) a year ago. This category of goods has  played a decisive role in the deterioration of  the annual dynamics of the country's foreign trade turnover, which has dropped from a 2.2- fold increase to a 49% decline. According to  data from the RA Statistical Committee, in January-May 2025, the share of imports and exports of precious metals and stones in the total trade turnover fell to 19% and 35%, respectively. In the same period last year these figures were 57% and 73%. 

Armenia has traditionally maintained a negative migration balance
 Thursday, November 7 2024 19:20

ArmInfo. In January-September 2024, the negative migration balance in Armenia decreased by 24.5% over the year, amounting to -20.366 thousand people (citizens of Armenia).

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Economic activity growth in Armenia slowed down to 8.7% in  January-September 2024 
 Friday, October 25 2024 18:44

ArmInfo. In Armenia, economic activity growth slowed down to 8.7% per annum in January-September 2024 (from 9.7% in the same period of 2023). Unlike last year, the industrial sector has become one of the growth drivers. According to preliminary data from the RA Statistical Committee, this is  accompanied by continued high growth rates of exports and imports.   Despite the fact that the preliminary statistical report does not  provide more detailed information, it is evident that the high growth  in industrial production no longer coming from the jewelry industry.  It previously showed several-fold growth, but now is experiencing a  double-digit decline, as seen in the data from previous months. 

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In Armenia, industrial price index increased from 101.3% to 102.9% in  January-September 2024 
 Friday, October 25 2024 18:39

ArmInfo.In Armenia, the industrial price index increased in January-September 2024 compared to the same period in 2023, reaching 102.9% from  last year's 101.3%.  

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Demand for international freightage up in Armenia - ATI.SU
 Thursday, October 17 2024 12:40

ArmInfo.In the third quarter of 2024, the number of applications for cargo delivery to Armenia from other countries posted on the ATI.SU Freight Exchange increased by 20% compared to the same period last year and by 7% compared to the previous quarter. This was reported by the international ATI.SU Freight Exchange.

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Armenia`s industrial sector still experiencing double-digit growth
 Monday, October 7 2024 16:43

ArmInfo. Armenia's industrial sector in January-August 2024 achieved double-digit 13.7% growth  compared to a 0.1% decline a year earlier, providing a volume of AMD  1.9 trillion ($4.8 billion).

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In January-August, electricity production in Armenia increased by  2.4%
 Monday, October 7 2024 16:12

ArmInfo. From January to August 2024, Armenia generated 6,121.2 million kWh of electricity marking a   2.4% increase compared to the same period last year. According to the  Statistical Committee of the Republic of Armenia, in August alone,  electricity production rose by 8.1% to 819.9 million kWh.  

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Annual inflation in Armenia in September amounted to 0.6%
 Thursday, October 3 2024 13:47

ArmInfo.In the consumer market of Armenia, annual inflation in September amounted to 0.6%, with a  deflation of 1.1% for the first nine months of 2024. Comparatively, a year ago, during the same periods, annual inflation was  recorded at 0.1% and nine-month deflation at 2.3%. This is evidenced by the data  of the Statistical Committee of the Republic of Armenia for January- July 2024.

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Double-digit growth of import prices observed in Armenia`s foreign  trade
 Wednesday, October 2 2024 15:20

ArmInfo.In July 2024, import prices in Armenia's foreign trade increased by 12.1% annually, while  export prices only grew by 7.3%. The previous year, import prices had decreased by 13.5%, while export prices, on the contrary, had showed a higher growth rate of 14.2%.

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In Armenia, industrial price index continues to rise amid  double-digit growth in industrial production
 Wednesday, September 25 2024 17:31

ArmInfo.In Armenia, the industrial price index continues to rise amid double-digit growth in industrial production. From January toAugust 2024, the industrial price index reached 102.9%, compared to 100.9% the previous year. 

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IT specialists, miners and financiers earn 5 times more than teachers and doctors - Statistical Department of Armenia
 Monday, September 9 2024 19:19

ArmInfo. As of July 2024, the highest wages in Armenia were recorded in the information and  communication sector. According to the Statistical Committee of the  Republic of Armenia, as of the reporting date, the average salary of  specialists in this sector was 824.1,000 drams, which is 0.2% higher  than the previous year's figure.

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Armenia`s foreign trade turnover increased by 95% thanks to   "precious route" Russia - Armenia - UAE
 Monday, September 9 2024 18:28

ArmInfo. In Armenia's foreign trade, Russia leads in imports at 63.6% and the UAE leads in exports  at 45.3% compared to 25.3% and 13% respectively from a year ago.   Their share in the total turnover has increased to 44.4% and 19.5%  from 36% and 5.2% a year earlier. This is evidenced by the data of  the RA Statistical Committee for January-July 2024.  

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In Armenia`s foreign trade, the share of precious metals and stones increased from 14% to 61% over the year
 Monday, September 9 2024 13:14

ArmInfo. In Armenia's foreign trade, the share of precious metals and stones in imports and exports reached 69-55% in January-July 2024 (from 19-11% a year earlier), thereby increasing in total turnover from 14% to 61% over the year.

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Armenia`s international reserves go down $3.354bln
 Friday, August 9 2024 13:59

ArmInfo. Armenia's gross international reserves (GIR) decreased by 14.2% per annum or $555 million to $3.354 billion by July 2024, while a year ago an increase of 13.3% or $458.6 million was recorded. Thus, GIR continues to move away from the historical maximum of $4.2 billion recorded in August 2023.

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Russia remains leader in Armenia`s foreign trade
 Friday, August 9 2024 11:19

ArmInfo. Russia retains its leading position in Armenia's foreign trade, now supported by imports, whereas a year ago the main driver was exports.

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Supplies of Russian liquefied gas to Armenia increased significantly in 2023, while natural gas supplies decreased moderately
 Wednesday, August 7 2024 19:40

ArmInfo. In 202, Armenia reduced its natural gas imports by 8.1% to 2,725,280.3 cubic meters, with a 6.7% decrease in customs value to $470.1 million. According to data from the RA Customs Service, Armenia traditionally imports natural gas from Russia and Iran. 

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Armenia reduced its exports of copper ore and zinc concentrate, while increasing supplies of molybdenum concentrate
 Wednesday, August 7 2024 17:42

ArmInfo. In 2023 Armenia reduced its copper ore exports by 20.4%, amounting to 326.7 thousand tons compared to 4.4% decline in 2022.The customs value of copper ore also decreased by 27.1%, totaling to $483.1 million. 

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Russia remains the primary supplier of wheat, flour and corn to Armenia
 Wednesday, August 7 2024 15:42

ArmInfo. Russia continues to be the primary supplier of wheat, flour and corn to Armenia.  According to the RA Customs Service, in 2023, Armenia imported 343.6 thousand tons of wheat, which is 5.8% lower compared to the previous year. At the same time, the Russian Federation accounted 99.9% of these imports, with the remaining volume divided between Hungary and Kazakhstan. The customs value of the imported wheat also decreased by 38.6% to $62.8 million. Wheat exports from Armenia decreased by 96.6% to 122.8 tons, with a 75.4% decrease in customs value to $179.4 thousand. The entire volume was destined for the Russian market.  During the reporting period, 65.5 thousand tons of wheat flour were imported into the country, showing a 2-fold increase from the previous year, with a decrease in customs value by 11.2% to $10 million. 99.5% of wheat flour supplies were imported from Russia, while the remaining volume came from Italy, Kazakhstan, China, Belarus, France, Germany and Spain. In the same period, Armenia increased its wheat flour exports by 5.9 times to 35.1 tons.

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Armenia increased car imports by 86.3% in 2023
 Wednesday, August 7 2024 12:10

ArmInfo.In 2023, Armenia  increased car imports by 86.3% to 86.8 thousand units. Accordingly,  the customs value also increased - by 84.5% to $ 1.3 billion. This is  evidenced by the data of the RA Customs Service.

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Armenia reduces aluminum foil exports by 22.5% last year
 Tuesday, August 6 2024 21:02

ArmInfo. In 2023, Armenia  exported 25.2 thousand tons of aluminum foil, with an annual decrease  in volumes of 22.5% (versus a decline of 4.2% in 2022).  Accordingly,  the customs value of exported aluminum foil also decreased - by 31.5%  to $ 87.3 million.  This is evidenced by the data of the Customs  Service of the Republic of Armenia. 

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Armenia`s sugar imports mainly from Russia, Brazil in 2023
 Tuesday, August 6 2024 20:22

ArmInfo. According to the  results of 2023, the main sugar import markets for Armenia were  Russia and Brazil. Moreover, the share of Russian sugar exceeds the  volumes of Brazilian sugar, while for many years Brazil was the main  importer of sugar for Armenia.

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