Armenia’s EAEU trade grew 20.6% to amount to $2.7b in 2021

PanARMENIAN.Net - Armenia’s trade turnover with the members of the Eurasian Economic Union (EAEU) increased in 2021 by 20.6% year-on-year to amount to $2.7 billion, Prime Minister Nikol Pashinyan told a meeting of the Eurasian Intergovernmental Council on Friday, February 25, Aysor.am reports.

“Against the background of a decrease in mutual trade in 2020, due to such external factors as a slowdown in the growth rate of world trade and industrial production, the Armenian economy ensured a significant increase in the volume of mutual trade with the EAEU countries," Pashinyan said.

"The trade turnover for 2021 increased by 20.6% against the previous year and amounted to $2.7 billion. The volume of export deliveries from Armenia to the EAEU countries increased by 25.2% over the same period.”

According to him, the growth rate of exports in mutual trade is higher than the growth rates of exports of Armenian products to third countries. Along with the growth in exports, he said, the indicators of imports from Union members to Armenia have also increased.