26.Apr .2022 12:30

Armenia’s foreign trade soars by 38.5% in Q1 2022

 Armenia’s foreign trade soars by 38.5% in Q1 2022
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Armenia’s foreign trade turnover in the first quarter of 2022 amounted to $2.098.0 billion, which is 38.5% more than in the same time span of 2021, the National Statistical Committee (NSC) said.

It said in March 2022 compared to March 2021 the foreign trade was up 15.6%, and compared to February 2022 it was down 10.6%. The first quarter foreign trade in Armenian drams was worth 1. 019.6 trillion.

Armenian exports in January-March 2022 increased by 26.9% to $731.8 million compared to January-March 2021. In March 2022 they were up 4% compared to March 2021, and down 12.2% compared to February 2022. In Armenian drams exports stood at 355.3 billion.

Imports during the reporting period totaled $1,366.2 billion, recording an increase of 45.6% compared to January-March 2022. Imports in March 2022 increased 22.5% compared to March 2021, and decreased 9.8% compared to February 2022. In Armenian drams, imports totaled 664.3 billion, ARKA reports.