Armenia's foreign trade turnover soars by 95% in January-July 2024

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YEREVAN, August 26. /ARKA/. Armenia's foreign trade turnover reached $20.42 billion in January-July 2024, marking a significant 95% increase compared to the same period in 2023, the National Statistical Committee of Armenia reported on Monday./pp

In July 2024, the foreign trade turnover saw a 35.3% year-on-year increase, although it decreased by 1.9% compared to June 2024. In dram terms, the foreign trade turnover amounted to 8.09 trillion drams for the first seven months of 2024./pp

Armenia's exports surged 2.2 times during January-July 2024, reaching $8.74 billion. However, in July 2024, exports grew by 42.8% year-on-year but declined by 5.7% compared to June 2024. In dram terms, exports totaled 3.46 trillion drams./pp

The country's imports for the reporting period stood at $11.69 billion, reflecting a 79.1% increase compared to January-July 2023. In July 2024, imports rose by 30.7% year-on-year and by 0.8% compared to June 2024. In dram terms, imports amounted to 4.63 trillion drams./pp br/p