Armenia’s trade with EEU members drops by 2.6 percent in first half of 2020

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YEREVAN, September 10. /ARKA/. Armenia’s trade with other members of the Russia-led Eurasian Economic Union (EEU) in the first half of 2020 decreased compared to the same period in 2019, the National Statistical Committee of Armenia said today.

According to official data, during the reporting period the mutual trade dropped by 2.6% to about $1.273 billion, down from about $1.312 billion in the first half of 2019.

At the same time, against the background of an overall decline in Armenia’s foreign trade turnover, the share of the country’s trade with the EEU increased by 2.8% from 28.7% in 2019 to 31.5% in the first six months of 2020.

According to official data, Russia accounted for bulk of Armenia’s trade with EEU member states with about $1.130 billion, while Belarus, Kazakhstan and Kyrgyzstan accounted for about $47.9 million.

Armenia’s foreign trade turnover in January-June 2020 amounted to about $3.739 billion, which is 11.3% less than in the same period in 2019.

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