Armenia’s foreign trade turnover doubled in January-March to over $4.2 bln.

rmenia’s foreign trade in January-March 2023 amounted to over $4.2 billion, which is 2 times higher than in the first quarter of 2022, according to the numbers, released today by the National Statistical Committee (NSC).

It said in March 2023 alone the foreign trade was up 23.7% compared to the previous month of February and up 2.5 times when compared to March 2022.

In January-March 2023, the country’s foreign trade calculated in Armenian drams stood at about 1.7 trillion drams.

Armenian exports in the first quarter of 2023, compared to the same period of 2022, increased 2.3-fold to over $1.6 billion. In March 2023 alone, compared to March last year, the rise was 2.7-fold. In Armenian drams the exports amounted to 653.3 billion.

The imports during the reporting period amounted to about $2.6 billion, registering an increase of 89.1% compared to January-March 2022.

In March of this year, imports rose 2.4 times compared to March 2022. In dram equivalent, imports in the first quarter totaled over one trillion drams. ($1 – 386.24 drams).

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