Armenia's foreign trade in Jan-Feb soars by 77.7% to over $2.5 bln

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28.Mar .2023 12:27

Armenia's foreign trade in Jan-Feb soars by 77.7% to over $2.5 bln

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Armenia's foreign trade in January-February 2023 amounted to over $2.5 billion, a 77.7% surge over January-February 2022, according to the numbers, released by the National Statistical Committee (NSC).

It said the foreign trade in February 2023 was up 14.6% compared to January of the same year, and up 79.5% compared to February last year. In Armenian drams, the foreign trade in January-February 2023 amounted to 998.7bln.

Armenian exports soared by 96.4% year-on-year to $994.4mln. In February 2023, a 2.1-fold increase was registered compared to February last year. In dram equivalent, exports in January-February 2023 amounted to 392.6 billion drams.

Armenian imports during the reporting period amounted to over $1.5 billion, recording an increase of 67.4% compared to January-February 2022. Imports rose 62.3% year-over-year in February, ARKA reports.