Armenia’s retail trade in 2019 amounted to about 1.6 trillion. drams or $3.3 billion, 7.9% more than in 2018

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YEREVAN, February 21. /ARKA/. Armenia’s retail trade turnover in 2019 amounted to about 1.6 trillion. drams or $3.3 billion, which was 7.9% more than in 2018, according to a report on the main socio-economic indicators of the Eurasian Economic Union (EEU). This is the best indicator among all the EEU member countries.

Overall, the retail trade turnover in the EEU in 2019 amounted to $580.1 billion. Compared to 2018, the retail trade (in comparable prices) increased by 2.0%.

In terms of foreign trade with countries outside the EEU and in terms of mutual trade (export operations in mutual trade) in January-November 2019 versus January-November 2018, Armenia outperformed all EEU member states by 5.2% and 10.7% respectively. The overall numbers for the EEU for the reporting period declined by 2.9% and increased by 0.2% respectively.

Armenia’s foreign trade with countries outside the EEU in the first 11 months f 2019 amounted to $5.04 billion, including $1.7 billion worth exports and $3.3 billion imports. Compared with January-November 2018, exports grew by 8.3%, and imports – by 3.7%. The foreign trade deficit amounted to $1.6 billion.

In January-November 2019, Russia accounted for 83.6% of EEU’s total foreign trade with countries outside the Union, Kazakhstan – for 10.2%, Belarus – for 4.8%, Armenia – for 0.8% and Kyrgyzstan – for 0.6%.

The report notes that mineral products accounted for 66.3% of the total exports of EEU member states to countries outside the Union. In Armenia, this figure in January-November 2019 was $657.2 million, an increase of 11.9% compared to the same period in 2018.

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