Armenia's foreign trade in January-May 2023 surged by 86.9% from the same time span of 2022 to over $7.3 billion,, according to the numbers, released by the National Statistical Committee (NSC).
In May 2023 alone the foreign trade was worth over $1.5 billion, an increase of 50.5% compared to May 2022 and an increase of 2.3% compared to April 2023.
Armenia's trade with Russia doubled to over $2.5 billion, trade with Belarus also doubled to over $80 million, while trade with Ukraine grew by 15% to over $38 million.
Armenia's trade with EU countries grew by 50.3% to about $1.2 billion. The trade with Germany grew by 93% to $294. 9 million, trade with the Netherlands grew by 44.8% to over $172 million, trade with Italy grew by 46.1% to $163.7 million, trade with Poland grew by 3.5 times to $101.3 million and trade with France soared by 87.9% to $66.5 million.
The trade with China upped by 49.3% to $812.5 million, trade with the UAE grew by more than 5 times to $465.1 million, trade with the USA upped 2.4 times to $308 million, trade with Iran grew by 15.2% to $283.1 million, trade with Japan grew by almost 6 times to $182.4 million, trade with Georgia grew by 11.6% to $105.4 million, trade with Iraq fell by 2.4% to $86.1 million and trade with Republic of Korea almost tripled to $75,8 million.
Exports
Armenian exports in January-May 2023 increased by 93.3% from January-May 2022 to about $2.7 billion, In May 2023 alone, exports grew by $526.7 million, an increase of 47.6% compared to May 2022. Compared to April 2023 it was down 2.1%.
Armenian exports to Russia more than tripled to over $1.3 billion, exports to Belarus also more than tripled to over $38.4 million, and exports to Kazakhstan grew by 4.1 times to over $15.3 million, ARKA reports.
