Armenia's foreign trade in Jan-May up by 36.6% to over $3.9 b

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29.Jun .2022 12:30

Armenia's foreign trade in Jan-May up by 36.6% to over $3.9 b

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Armenia's foreign trade in the first five months of 2022 amounted to $3.913.4 billion, which is 36.6% higher than the foreign trade in the same period of time of 2021, according to the National Statistical Committee (NSC).

In May 2022, the foreign trade increased by 45.5% compared to May 2021 and by 23.9% compared to April this year. In January-May 2022, the foreign trade in Armenian drams was worth 1,861.6 trillion.

Armenian exports in January-May 2022 increased by 27.5% to $1,385.5 bln compared to January-May 2021. In May 2022 they grew by 33.7% compared to May 2021 and by 19.9% compared to April this year. In Armenian drams, exports in January-May 2022 totaled 658.5 billion.

Imports during the reporting period amounted to $2,527.9 billion, registering a 42.2% increase compared to January-May 2021. In May 2022, imports rose 52.8% compared to May 2021 and 26.3% compared to April 2022. In dram equivalent, imports in the first 5 months of this year totaled 1,203.1 trillion, ARKA reports.

Export Import Armenia foreign trade