Iran-Armenia trade tops $100m in Q1 2020

The commercial exchange between Iran and Armenia between January and April 2020 stood at $101.06 million to register a 0.37% decline compared to the corresponding period in 2019.

15 June 2020
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The commercial exchange between Iran and Armenia between January and April 2020 stood at $101.06 million to register a 0.37% decline compared to the corresponding period in 2019.

The file photo shows the road to Nordooz border crossing between Iran and Armenia.

The commercial exchange between Iran and Armenia between January and April 2020 stood at $101.06 million to register a 0.37% decline compared to the corresponding period in 2019.

Latest data released by the Statistical Committee of Armenia shows that Iran exported $73.18 million worth of goods to the country during the four months to April 30, indicating a 12.43% year-on-year decrease.

Imports from Armenia stood at $27.88 million in the four months, up by 56.02% YOY.

A total of $73.22 million worth of commodities were reexported from Iran to Armenia during the same period, down 12.91% YOY.

Iran resumed exports to its neighboring country in a limited quantity via Nordooz border crossing since early April despite the outbreak of the coronavirus.

The map chows the location of Nordooz border crossing between Iran and Armenia.

 Bilateral trade in April stood at $26.46 million, down 8.25% YOY.

Iranian exports during the month hit $17.68 million, down 13.1% YOY, while imports stood at $8.78 million, indicating a 3.36% increase YOY.

Iran-Armenia trade amounted to $408.77 million in 2019, registering a 12.44% rise compared to the year before.

Iran exported $324.92 million worth of goods to Armenia last year, up by 20.64% YOY.

Imports from Armenia totaled $83.85 million in 2019, down by 10.99% YOY.

 

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