Armenia’s trade turnover from January 1 to April 20, 2022 surged by $1 billion from the same time span of 2021, Prime Minister Nikol Pashinyan said at a government meeting on Thursday.
“Inflation plays a role here, but all our studies show that inflation may account for 15-20% of the growth. That is, we had a cash turnover of $1 billion more in the first three months plus 20 days in April this year,” he said.
According to the official data of the National Statistical Committee, Armenia’s foreign trade turnover in January-February 2022 soared by 52.4% as opposed to January-February 2021 to over $1.4 bln. The major trade partners were Russia, China and Iran.