// IP Marketing video - START// IP Marketing video - END
Countries and goods that boosted Armenian export in 2016

Countries and goods that boosted Armenian export in 2016

Record figures

The Armenian National Statistical Service has published the macroeconomic data for the period of January-December 2016, reporting 20% growth as compared to 2015. The export totaled $1,783 billion against $1,485 billion in 2015. The import amounted to about $3,292 billion against $3,239 in 2015 (1,6% growth).

PanARMENIAN.Net - 2016 was a peak year in terms of export, which hit record lows in 2009 ($697 million) and the highest in 2014 ($1,547 billion). Armenia mostly exports mining and raw industry products, foods, precious and semi-precious gemstones, metals, as well as cigarettes and alcoholic drinks.

PanARMENIAN.Net presents the countries and goods that boosted Armenian export last year.

CIS countries: Armenia’s export to CIS countries grew by 43.5%, totaling $411 million against $286 million in 2015. Export to Russia amounted to $371 million against $245 million in 2015, surging by 51,5%. Export to Ukraine totaled $8,43 million against $6,2 million in 2015 (29,7% growth). Export to Kazakhstan increased by 42,9%, totaling $5,9 million against $4,1 million in 2015. Export to Belarus doubled, amounting to $14 million against $6.8 million in 2015.

Import from CIS countries totaled $870 million against $790 million in 2015 (10% growth). Goods to the amount of $740.9 million were imported from Russia, increasing by 14,4% against $647 million in 2015. Import from Ukraine decreased by 16,5% to total $100 million against $119 million in 2015.

European Union: Armenia’s export to the European Union countries totaled $478 million against $413 million in 2015. Export to Germany amounted to $138,9 million, decreasing by 0,9%. Goods to the amount of $152 million were exported to Bulgaria, which is 93% more than $78,9 million in 2015. Export to the Netherlands surged by 7.4%, to total $50,836,000 million, while export to Italy decreased by 2% and amounted to $31.882.200:

Import from EU states totaled $791 million against $819 million, falling by 3,5%:

Export of goods

Food stuffs to the amount of $418 million were exported by Armenia in January-December 2016, which is 28.6% more than in 2015 ($325 million).

The export of mining and raw industry products fell by 1,3% to total $470 million against $476,9 million in 2015. The export of precious, semi-precious gemstones and precious metals skyrocketed by 73.9% to total $337 million against $193,9 in 2015.

The export of animal fat and vegetable oil increased by 11,2 times, totaling $625,000 against $55,900 in 2015. The export of foods of plant origin surged by 83.2% to amount $69,3 million against $37,8 million in 2015.

Besides, Armenia exported objects of art to the amount of $1,2 million (82.5% growth).

 Most popular in the section
Past year’s achievements and failures
State Revenue Committee changes its policy
Armenia’s “useless” manpower
 At focus
Uber, Russia's Yandex will merge in Armenia, five other countries

Uber, Russia's Yandex will merge in Armenia, five other countries Yandex and Uber said they will join forces in the six countries to create a new company operating in some 127 cities.

 More articles in this section
How to save billions with tax service optimization Armenian tax inspectors 4 times ‘lazier’ than Georgian counterparts
Paradox of Armenian consumer market Smartphones instead of food and clothes
Welcome to Iraq Armenian cigarettes gaining popularity