Armenia’s foriegn trade in Jan.-July 2011 surges by 13.5% to about $2.9 billion

YEREVAN, August 31, /ARKA/. Armenia’s foreign trade in the first seven months of the year surged by 13.5% year-on-year to 1.075.8 trillion drams or about $2.9 billion, the National Statistical Service reported today. According to its numbers, the exports jumped by 31.4% to $709.5 million and imports rose by 8.7% to $2.196.3 billion. The negative foreign trade gap was $1.486.7 billion.

Humanitarian goods not counted, the trade deficit amounted to $1.449.6 billion. In FOB prices it was $1.148.5 billion.

According to official data, the leading export items were mining industry that grew by 47.7% from a year before to $236.4 million, the export of non-precious metals and items rose by 20.7% to $221.9 million, that of precious and semi-precious stones and items rose by 19% to $93.9 million and exports of finished foods rose by almost 40% to $75.9 million.

The mining sector also accounted for the largest portion of imports rising by 19.2% to $420 million, imports of ground, aerial and water vehicles accounted for $209.5 million of imports growing by 22.1%, the import of finished foods grew by almost 4% to $164.9 million, the import of vegetable goods grew by 28.9% to $136.4 million and the imports of machines, equipment and mechanisms dropped by 4.9% to $296.4 million($1-367.93 drams).  -0-

Exports (thous. $) imports (thous. $)
Trading country Country of origin
Jan.-July

2010

Jan.-July

2011

growth rate ,

%

Jan.-July

2010

Jan.-July

2011

Growth rate ,

%

Jan.-July

2010

Jan.-July

2011

Growth rate, %
Total 540098.7 709545.7 131.4 2020903.1 2196328.6 108.7 2020903.1 2196328.6 108.7
CIS countries 84241.0 114793.3 136.3 472229.7 504651.3 106.9 622932.5 660431.6 106.0
Russia 64223.0 94447.9 147.1 333212.3 369121.9 110.8 455450.2 472200.2 103.7
Ukraine 5788.9 4800.9 82.9 112341.4 117546.4 104.6 125763.8 133885.7 106.5
Turkmenistan 4156.7 3034.8 73.0 179.7 872.0 4.9 times 15237.2 12992.0 85.3
Kazakhstan 1943.7 1745.7 89.8 5277.6 2290.5 43.4 4554.3 24215.1 5.3 times
Belarus 1946.3 2117.0 108.8 17076.4 11974.1 70.1 17883.7 14330.2 80.1
Other CIS countries 6182.5 8647.2 139.9 4142.3 2846.4 68.7 4043.3 2808.4 69.5
Other countries, incl. 455857.7 594752.5 130.5 1548673.4 1691677.2 109.2 1397970.5 1535896.9 109.9
EU countries, incl.. 282708.1 349961.1 123.8 439553.6 557869.3 126.9 527872.7 631533.0 119.6
Austria 2722.5 737.7 27.1 24892.5 38122.7 153.1 28141.1 33305.4 118.4
Belgium 50266.5 34477.3 68.6 47390.3 37736.3 79.6 43798.2 39314.2 89.8
Bulgaria 84580.3 101330.9 119.8 9340.3 9709.9 104.0 58770.6 51641.0 87.9
Denmark 75.1 19.3 25.7 4573.6 4434.1 96.9 4221.4 3179.8 75.3
Finland 25.2 0.6 2.4 18212.6 12329.4 67.7 5882.8 7207.5 122.5
France 2525.2 5974.6 2.4 times 36071.4 55221.5 153.1 43853.2 44148.2 100.7
Germany 83715.1 99340.8 118.7 69318.1 85088.7 122.8 103788.8 129418.6 124.7
Greece 38.3 66.2 172.8 12039.1 19131.1 158.9 16308.7 21008.6 128.8
Hungary 157.1 184.6 117.5 7365.1 9011.7 122.4 9172.2 14518.2 158.3
Italy 2274.1 1931.2 84.9 53060.2 98780.5 186.2 62557.8 98704.5 157.8
Luxembourg 531.7 1713.6 2506.3 146.3 194.4 185.3 95.3
Romania 188.9 122.5 64.8 4207.4 2939.2 69.9 48589.8 55395.6 114.0
The Netherlands 43892.3 66576.3 151.7 29976.4 37384.8 124.7 14407.7 21611.4 150.0
UK 223.1 288.3 129.2 56592.1 65727.0 116.1 18340.2 26938.4 146.9
Spain 7063.0 35220.1 5.0 times 9855.5 11941.3 121.2 12881.0 19188.3 149.0
Cyprus 600.6 394.7 65.7 10959.8 11629.2 106.1 695.3 1841.9 2.6 times
Czech republic 672.0 857.5 127.6 8804.7 8701.7 98.8 5663.9 11868.9 2.1 times
Poland 1751.7 319.2 18.2 8895.3 9748.7 109.6 14715.6 17437.6 118.5
Slovakia 162.5 5.5 3.4 639.1 1818.3 2.8 times 2970.1 4959.8 167.0
Sweden 323.4 497.2 153.8 15127.0 19574.4 129.4 21003.4 14643.6 69.7
Other EU countries 1451.2 1084.9 74.8 10519.5 16332.4 155.3 11916.6 15016.1 126.0
Other countries 173149.6 244791.4 141.4 1109119.8 1133808.0 102.2 870097.8 904364.0 103.9
Israel 3105.1 1156.3 37.2 3692.3 6283.7 170.2 6976.1 23426.8 3.4 times
USA 46620.8 59590.6 127.8 73981.6 85609.2 115.7 66743.0 77728.4 116.5
UAE 4895.8 6540.7 133.6 184122.3 198135.2 107.6 20813.5 29901.6 143.7
Iran 38440.1 67593.8 175.8 103235.6 114648.2 111.1 100279.8 110752.7 110.4
Turkey 750.4 643.4 85.7 94474.8 96383.8 102.0 105979.3 118367.5 111.7
Switzerland 7257.4 14457.3 199.2 61332.2 69894.2 114.0 37655.8 29840.8 79.2
China 15671.9 2744.2 17.5 134986.2 109527.2 81.1 224706.7 202815.8 90.3
Brazil 6.9 1.1 16.4 2801.0 2820.0 100.7 28875.8 29029.6 100.5
Japan 103.4 180.5 174.5 12594.9 3800.2 30.2 50393.2 37556.6 74.5
Panama 1160.5 1072.8 92.4 116625.1 71233.4 61.1 11.6 6.8 58.6
India 1385.4 1571.2 113.4 16247.4 13630.7 83.9 24782.2 32986.1 133.1
Canada 13236.6 30267.4 2.3 times 6023.1 9681.8 160.7 13399.7 16375.2 122.2
Georgia 28157.8 30473.1 108.2 121848.2 139282.9 114.3 26980.2 37270.7 138.1
Other countries 12357.6 28499.1 2.3 times 177154.9 212877.4 120.2 162501.0 158305.6 97.4
spot_img

POPULAR

In January, commercial bank deposits in Armenia decreased by 0.3%, while lending expanded by 1.1% – WB

In January 2026, commercial bank deposits in Armenia decreased by 0.3% (MoM), while loans grew by 1.1% (MoM), according to the World Bank's "Armenia Monthly Economic Update – March 2026."

Central Bank of Armenia responded to criticism regarding the Law “On Cryptoassets” and announced meetings with crypto market participants

Martin Galstyan, Governor of the Central Bank of Armenia, commented on the criticism voiced by crypto market participants regarding the Law "On Cryptoassets."

Euro continued to rise against the Armenian dram, while dollar and ruble weakened again: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of March 18, 2026, fell by 0.07 points compared to March 17, to 377.39 drams.

Head of the Central Bank of Armenia explained the cause of February’s inflation

Inflation has components driven by supply and demand factors.

Armenia to Raise OSAGO Payout Limits on April 1 – Reason Given

In Armenia, maximum payout limits for compulsory motor third-party liability insurance (OSAGO) will increase on April 1, 2026.

LATEST NEWS

spot_imgspot_imgspot_img