In eight months of 2022, Armenia’s trade turnover with Russia comprised $2.642 billion, which is an increase of 71.7% compared to the same period of the past year. Moreover, the export grew by two times, and the import by 55.3%, Armenia’s Minister of Economy Vahan Kerobyan said during the debate of the 2023 state budget draft in the joint session of the parliamentary standing committees.
The volume of exports from Armenia to the member states of the Eurasian Economic Union (EAEU) comprised 1.1 billion dollars in 8 months of this year, which is an increase by twice compared to the same period of the previous year, Kerobyan stressed.
“It comprised around $1.6 billion in January-August 2021. In January-August 2022 the export from Armenia to the EAEU countries comprised $1.1 billion, which has increased by twice compared to the same period of the previous year. The import from the EAEU countries comprised $1.67 billion dollars, which has increased by 58.7% compared to the same period of the past year”, the minister said.
The trade turnover with other member states of the Union has also increased. The minister said the government has taken actions to promote the trade turnover with the other countries of the EAEU as well. “We have set a task before us to activate the relations with other member states of the EAEU as well, and make the EAEU more proportionate with its structure and trade turnover”, he said.
According to him, the change registered this year shows that activities on this direction have already given some result.
