Armenia's foreign trade drops by 12.2 % in January-February 2021

|

USD

391.56

EUR

428.21

RUB

4.7705

GEL

140.68

Economy

25.03.2021, 15:40

Armenia's foreign trade turnover in January-February 2021 was 12.2% down from the same time span of 2020 falling to about $925.5 million, according to the numbers, released by the National Statistical Committee.

Armenia's foreign trade drops by 12.2 % in January-February 2021

YEREVAN, March 25. /ARKA/. Armenia's foreign trade turnover in January-February 2021 was 12.2% down from the same time span of 2020 falling to about $925.5 million, according to the numbers, released by the National Statistical Committee.

The foreign trade in February 2021, compared to January 2021, was up 24.9%, and down 9.5% compared to February 2020. The foreign trade equivalent in Armenian drams in January-February 2021 was 483.3 billion drams.

Exports in January-February 2021, compared to January-February 2020, decreased by 5.5% to $354.4 million. In February 2021, compared to January 2021, they increased by 21.8%, and compared to February 2020 - decreased by 2%. In dram equivalent, exports in January-February 2021 amounted to 185.1 billion drams.

Imports in the reporting period amounted to $571.1 million, down 15.8% compared to January-February 2020. In February 2021, compared to January 2021, imports increased by 26.9%, and compared to February 2020, decreased by 13.6%. In Armenian national currency equivalent, imports amounted to 298.2 billion drams. ($1 - 528.32 drams). –0--

Armenia is ready to deepen trade and economic relations with EU in all areas – Minister

Armenia is ready to continue and deepen its trade and economic relations with the EU in all possible areas, said Economy Minister Gevorg Papoyan on March 18 during a meeting with Meglena Kuneva, a lecturer at the Diplomatic Academy of the European External Action Service, former chief negotiator and EU commissioner, and former Deputy Prime Minister of Bulgaria.

19.03.2025 09:49

Cadastre Committee to create passports for about 10,000 geographical names of Armenia

The Armenian Cadastre Committee will create 'passports' for about 10,000 geographical names and update the data in 2025, the head of the Committee Suren Tovmasyan said.

18.03.2025 18:14

"A busy year awaits us": Martin Galstyan on the impact of China's economy and trade wars on Armenia

The head of the Armenian Central Bank Martin Galstyan responded to a question whether the Stimulus Package, adopted by China and, in particular, the rise in copper prices, will affect Armenia's economy.

18.03.2025 17:56

Central Bank of Armenia left refinancing rate unchanged at 6.75%

At its meeting on March 18, the Board of the Central Bank of Armenia kept the refinancing rate unchanged at 6.75%.

18.03.2025 12:18

Armenia aims to connect itself with both EEU, EU, Arab, Asian and other markets by "numerous threads" - Papoyan

Armenia seeks to connect its economy with the Eurasian Economic Union (EEU) market as well as the EU, Arab, Asian and other markets with as many threads as possible, Minister of Economy Gevorg Papoyan said.

17.03.2025 17:16

S&P expects Armenia's economic growth to halve in three years

Over the next three years, growth in Georgia and Armenia will almost halve, from 9.4% and 8.8%, respectively, in 2022-24, but will remain sustainable, according to a commentary by S&P Global Ratings analysts, as reported by FrankMedia.

14.03.2025 10:26

Dynamics of the decline in exports and imports in Armenia will last throughout the first half of the year – EDB

The decline in the value of exports and imports in Armenia in January by 49.2% year-on-year (y/y) and 33.5% y/y, respectively, was due to the fact that the positive impact of foreign trade in precious metals had been exhausted.

13.03.2025 15:00

Armenia's position in the “2025 index of economic freedom significantly worsens”

Armenia ranked 57th out of 184 countries in the 2025 Index of Economic Freedom, published by the Heritage Foundation.

12.03.2025 12:25