YEREVAN (Arka) — Armenia’s foreign trade in January-February 2022 soared by 52.4% compared to the first two months of 2021 to over $1.4 billion, according to the numbers, released by the National Statistical Service (NSC).

Foreign trade with CIS countries (loose alliance of some Soviet republics) amounted to over $521.2 million, an increase of 62% compared to the same period last year. The largest foreign trade partners of Armenia were Russia ($475.3 million, up 61.4% against the first two months of 2021), Ukraine ($20.3 million, up 35.8%) and Belarus (about $14 million, up 2.4 times).

Armenia’s trade with the EU countries amounted to about $260 million, a growth of 37.6%. The five largest trade partners were Germany (about $54.5 million, 45.3% rise), Netherlands (about $46,4 million, up 2.1 times), Italy (about $37.5 million, up 17.9%), Bulgaria (about $23.3 million, down 27.8%) and Spain ($21.2 million, up 5.1 times more).

Trade with China grew by 48% to about $206.8 million, trade with Iran soared by 55.6% to about $90.7 million, with Switzerland surged by 42% to about $59 million, with the USA upped 49% to about $37.6 million, with Iraq surged by 2.3 times to about $34.5 million, with Georgia upped by 45.3% to $29.2 million, trade with the UAE was down 0.5% to about $15.9 million and trade with Japan grew by 3.4 times to about $11.6 million.

Armenian exports grew by 40.1% from January-February 2021, amounting to about $503.7 million. Exports to CIS countries totaled about $160.7 million, having increased by 44%. The top three largest importers of Armenian goods were Russia ($147.9 million, up 43.1%), Belarus (about $3.5 million, up 69.8%) and Ukraine (about $3.2 million, up 53.3%).

Exports to EU rose by 41.3% compared with January-February 2021, amounting to about $107.7 million. The first three countries in terms of exports were the Netherlands (about $41.8 million, up 2.3 times), Bulgaria (about $20.3 million, down 32.3%) and Germany (about $15.2 million, up 30.9%).

Exports to China upped by 7.2% to about $58.5 million, to Switzerland grew by 7.2% to about $54.9 million, exports to Iraq upped by 2.3 times to about $34.5 million, to Iran grew by 2.4 times to about $17.7 million, exports to Georgia grew 2.1 times to about $16.7 million, exports to the USA fell by 17.5% to about $12.7 million and to the UAE dropped by 6.2% to about $9.9 million.

The bulk of exports comprised mining industry products – $166.5 million, up 28.3%, finished foods – about $101.9 million, up 36%, non-precious metals and products – over $70.6 million, up 48.8%, precious and semi-precious stones, precious metals and articles – $58.8 million, up 44.8%, textile products – $27.9 million, up 25.3% and plant products – $21.2 million, up 30.7%.

Armenian imports in January-February 2022 amounted to $917. million, an increase of 6.2% compared to January-February 2021. Imports from CIS countries totaled $385.9 million, an increase of 69.7%. The bulk of imports came from Russia ($351.1 million, up 68.6%, Ukraine -$18.6 million, up 40.7%) and Belarus -$11 million, up 2.8 times.

Imports from the EU countries rose by 21.1% to about $149.6 million. The largest three importers were Germany – $39.5 million, down 49.3%, Italy -$22.4 million, down 9% and Netherlands –about $11.4 million, up 41.4%.

Imports from China totaled $92.9 million, up 78.8%, imports from Iran stood at -$73 million, up 41.7%, from Georgia -$58.7 million, up 8.6%, from the USA -$32.2 million, up 3.2 times and from the UAE -$17.3 million, up 8.3%.

The bulk of imports were machinery, equipment and mechanisms – $132.7 million, up 43.8%, chemicals and related goods – $92.4 million, up 2.1 times, non-precious metals and articles – $78.7 million, up 2.2 times, plant products – $58.3 million, up 2 times, finished food products – $58.2 million, 41.6% growth, land, air and water vehicles – $55.2 million, 3.3 times growth, precious and semi-precious stones, precious metals and products – $34.6 million, down 4.4%, plastics and articles, rubber and rubber products – $34.5 million, up 70% and plant products – $30.2 million, up 2.3 times.

Leave a Reply

Your email address will not be published. Required fields are marked *

Sign Up for Our Newsletters

Get notified of the latest updates from MassisPost.

You May Also Like

Eight Armenian Films to be screened at SR Film Festival

NEW YORK—Eight Armenian films will be screened as part of the third…

Nothing Has Changed, In Some People’s Minds

Last week, the former president of Armenia, Serzh Sargsyan broke his silence…

Azerbaijan Continues Policy of Inciting Hatred Against Armenians – Artsakh MFA

STEPANAKERT — The foreign ministry of the Republic of Artsakh issued a…

John Kerry: The US Stands With Armenia as a Partner and Friend

WASHINGTON, DC — The US Department of State has issued Secretary John…