Trade Turnover Between Armenia and Eurasian Economic Union Countries Increases by 92%
At a discussion of the implementation of the 2022 state budget on June 6, Deputy Minister of Economy Narek Teryan informed that the trade turnover between Armenia and other countries of the Eurasian Economic Union (EAEU) in 2022 amounted to $5.2 billion, which is 92.7% higher than the previous year.
The volume of exports from Armenia to the EAEU countries at the end of last year amounted to $2.5 billion (an increase of 2.8 times in annual terms), and imports - $2.7 billion (+49%). "Commodity turnover has increased with all member countries (EAEU). We can say we are pursuing a very balanced (trade) policy," the Deputy Minister informed the parliamentarians.
The total volume of foreign trade turnover in Armenia in January-December 2022 reached $14 billion 128 million 800 thousand. "In 2022, the volume of foreign investments in the real sector of the Armenian economy amounted to 196 billion drams ($505 million), of which 158 billion drams ($407 million) came from the EAEU countries," the Deputy Minister of Economy said.
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