Armenia's foreign trade grows to over $9.3 billion

20:37 Tue, 31 January

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28.Oct .2022 14:30

Armenia's foreign trade grows to over $9.3 billion

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Armenia’s foreign trade in January-September 2022 amounted to over $9.3 billion having surged by 62.5% from the same time span in 2021, the National Statistical Committee (NSC) said.

It said in September 2022 alone the foreign trade compared to September 2021, virtually doubled, while compared to August 2022 it was up 1.1%.

In January-September 2022, the country’s foreign trade turnover in Armenian national currency, the dram, amounted to over 4 trillion.

Armenian exports in the first nine months of 2022 compared to January-September 2021 increased by 63.8%, amounting to over $2.9 billion. In September 2022, compared to September 2021, this figure increased 2.5 times, and compared to August 2022 - by 2.9%. In dram equivalent, exports in January-September 2022 amounted to over 1.5 trillion.

Armenian imports during the reporting period amounted to about $5.8 billion, registering a 61.6% increase compared to January-September 2021. In September 2022, imports increased by 82.2% compared to September 2021, and remained unchanged compared to August 2022. In dram equivalent, imports were worth over 2.5 trillion drams, ARKA reports.