Exports from Armenia to the United States have increased, while trade turnover has decreased
Exports from Armenia to the United States increased by 25%, reaching $50.2 million. This was announced by Minister of Economy Gevorg Papoyan.
From Armenia to the United States, the main exports have been jewelry, aircraft, alcoholic and non-alcoholic beverages, and tobacco.
However, according to Papoyan, the overall trade turnover has decreased by 59% due to a sharp decline in imports, particularly a 3.5-fold or $442 million drop in car imports from the U.S.
Nevertheless, compared to the previous year, Armenia-U.S. trade turnover has decreased by about 41% for the same period, according to the data from the Statistical Committee.