Armenian exports to China double every year – head of ADB

Armenian exports to China double every year – head of ADB

YEREVAN, May 20. /ARKA/. Armenia’s exports to China are doubling every year, general director of the Armenian Development Agency (ADB) Robert Harutiunyan told ARKA.

In 2013 exports grew by two times compared to 2012, and it is the third year in sequence that a two-fold growth in exports is recorded, Harutiunyan said.

Mainly mining industry products were exported to China in 2013, according to Harutiunayn. Exports amounted to $68.8 million and imports were about $370 million.

‘We import a huge deal of various goods from China. There are no clear priorities. It is mainly electronic equipment, computers, furniture, raw materials for production of different goods’, Harutiunyan said.

According to ArmStat, Armenia’s foreign trade turnover with China amounted to $115.6 million in January-March 2014, an increase of 24.6% compared to the same period of the year before. Exports from Armenia to China were $28.1mln (3.5-time increase) and imports to Armenia totaled $87.5mln (3.2% increase) in the period. The 2013 trade turnover between the countries amounted to $455.3 million, an increase of 5.7%. Armenia’s exports to China were $68.8mln in 2013, a 2.2-time increase over the year; imports totaled $386.5 million, a reduction of 3.3%. –0--

11:33 20.05.2014

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