TV Live Menu
Loading data...

Armenia’s 8-month foreign trade soars by 53% yoy to almost $12 bln

25.09.23 17:28

Armenia’s foreign trade turnover in the first 8 months of 2023 amounted to about $12 billion, having surged by 53% from the same time span in 2022, the National Statistical Committee (NSC) reported.

It said in August 2023 alone compared to August last year, the foreign trade was up 10%, and compared to July this year – up 8.7%. in Armenian drams, the foreign trade of 8 months was worth over 4.6 trillion.

Armenian exports increased by 51.8% to about $4.5 billion, In August 2023 a 6.1% growth was recorded compared to August last year. 

Armenian imports totaled over $7.5 billion, registering a 53.8% increase compared to January-August 2022. In August of the current year, imports grew by 12.4% from August 2022.