14:00, 8 May 2023

YEREVAN, MAY 8, ARMENPRESS. Armenia exported goods worth over $1,6 billion in the first three months of 2023 – 2,3 times more than in Q1 of 2022, according to official data released by the Statistical Committee.

Precious and semi-precious stones, precious metals and related goods amount to the bulk of the exports.

Imports amounted to more than $2,5 billion – a 89,1% growth compared to the same period of last year.

Overall, Armenia’s foreign and mutual trade amounted to more than $4,2 billion – twice more than in 2022 Q1.

Russia was the top export destination, with exports totaling over $838 million (4,5 times more compared to 2022 Q1).

The second top export destination in Q1 2023 was the UAE with over $288 million in exports (13,2 times increase). Goods worth over $100 million were exported to the Netherlands (80,5% growth).

Overall, Armenian exports to EEU member states amounted to more than $878 million, while exports to EU countries totaled more than $185 million.

Most of the exports (over $382 million) were precious and semi-precious stones, precious metals and related goods (jewelry and other products made from precious and semi-precious stones, precious metals ), which is a 4-time growth compared to the same period of last year. The second most-exported goods are vehicles, equipment and mechanisms (over $270 million – a nearly 17-time growth). Some $208,4 million of food products (53,3% growth) were also exported in Q1.