Twenty companies from Armenia have joined forces to participate in the 7th China International Import Expo (CIIE), taking place from November 5 to 10 in Shanghai. Armenian producers are presenting their top products under a single pavilion, forming a united front.
The Armenian delegation is led by Deputy Minister of Economy Tatevik Sargsyan, accompanied by Armenia’s Ambassador to China, Vaghe Gevorgyan, and Armenia’s Trade Attaché to China, Koryun Kazaryan. During the visit, Sargsyan toured various exhibitions and held meetings with event participants.
CIIE, one of the world’s largest trade platforms, has gathered over 800 companies from 60 countries this year. The expo is focused on supporting sustainable growth for small and medium-sized businesses and expanding international trade connections.
Earlier, BMG reported that China is among Armenia’s top three trading partners. According to the Statistical Committee, in the period from January to September 2024, China ranked third in trade volume with Armenia, following Russia and the UAE, with a total of $2.07 billion. Trade with China increased by 34.7% over the first nine months of 2024.
Armenian exports to China saw a significant rise, growing by 281% to $907 million, while imports decreased by 4.2% to $1.16 billion.
Interestingly, despite the notable increase in trade with China, its share of Armenia's foreign trade dropped from 11.3% last year to 8.7% in January-September this year. This is due to the faster overall growth of Armenia's foreign trade.
