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Armenia

Armenia ranked No. 170 in total trade value through October with a total of $88.18 million. Exports totaled $40.94 million and Imports totaled $47.24 million, a deficit of $6.3 million.

January – October 2018

Top Trading Ports

Total Trade: $88.18 million

RankPortTotal YTD
1Port of Savannah, Ga. $29,099,596
2John F. Kennedy International Airport $13,807,677
3Port of Newark $11,062,028
4Port of Los Angeles $5,620,404
5Port of Houston $3,816,132
6Los Angeles International Airport $3,810,093
7Port of Virginia $3,024,761
8Port of Charleston $2,756,153
9Philadelphia International Airport $2,217,546
10Port of Long Beach $2,136,347

U.S. trade with Armenia rose to $88.18 million through October

Armenia’s trade with the United States rose to $88.18 million through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 11.4 percent below its total trade during the same time period last year. Armenia’s exports decreased 8.06 percent while imports fell 14.1 percent. The U.S. deficit with Armenia was $6.3 million.

Through October, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Savannah, Ga.; No. 2 John F. Kennedy International Airport; No. 3 Port of Newark; No. 4 Port of Los Angeles; and No. 5 Port of Houston. During the same period the previous year, the top five were No. 1 Port of Savannah, Ga. No. 2 Port of Newark No. 3 John F. Kennedy International Airport No. 4 Port of Los Angeles and No. 5 Port of Virginia. In the current time period, the top five accounted for 71.91 percent of Armenia’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Savannah, Ga. fell 12.44 percent to $29.1 million.
    Exports fell 12.08 percent to $6.67 million. Imports fell 12.55 percent to $22.43 million.
  • Trade with No. 2 John F. Kennedy International Airport fell 2.95 percent to $13.81 million.
    Exports rose 16.74 percent to $8.01 million. Imports fell 21.31 percent to $5.79 million.
  • Trade with No. 3 Port of Newark fell 23.39 percent to $11.06 million.
    Exports fell 60.92 percent to $1.21 million. Imports fell 13.15 percent to $9.85 million.
  • Trade with No. 4 Port of Los Angeles fell 17.6 percent to $5.62 million.
    Exports fell 60.07 percent to $980,333. Imports rose 6.28 percent to $4.64 million.
  • Trade with No. 5 Port of Houston rose 49.47 percent to $3.82 million.
    Exports rose 48.51 percent to $3.79 million. Imports totaled $24,542.

Armenia ranked No. 170 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 164.

Meanwhile, total U.S. trade with the world increased to $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Armenia by value through October were the categories of Returned exports, with change; Diamonds, not mounted; Poultry, fresh, chilled or frozen; Artificial filament tow; and Rubber tires, respectively. They accounted for 54.44 percent of total exports to Armenia.

The value of the top five categories of U.S. imports from Armenia –– Aluminum foil, less than 0.2 mm thick; Diamonds, not mounted; Women’s or girls’ overcoats, etc.; Rum, gin, vodka, other liquors; and Men’s or boys’ overcoats –– accounted for 83.78 percent of all inbound shipments.

Looking more closely at U.S. exports to Armenia:

  • Returned exports, with change rose 90.46 percent compared to last year to $5.8 million.
  • Diamonds, not mounted rose 8.39 percent compared to last year to $5.09 million.
  • Poultry, fresh, chilled or frozen fell 42.48 percent compared to last year to $4.56 million.
  • Artificial filament tow fell 32.11 percent compared to last year to $3.51 million.
  • Rubber tires rose 14980 percent compared to last year to $3.32 million.

Looking more closely at U.S. imports from Armenia:

  • Aluminum foil, less than 0.2 mm thick fell 16.95 percent compared to last year to $27.49 million.
  • Diamonds, not mounted fell 7.34 percent compared to last year to $4.22 million.
  • Women’s or girls’ overcoats, etc. rose 65.61 percent compared to last year to $4.21 million.
  • Rum, gin, vodka, other liquors rose 17.93 percent compared to last year to $2.21 million.
  • Men’s or boys’ overcoats rose 19.63 percent compared to last year to $1.44 million.

In the latest annual figures available, Armenia recorded $122.33 million in trade with the United States. At year’s end, its were Atlanta/Savannah; New York City; Los Angeles; Chicago; and Norfolk. Total U.S. exports to Armenia were $ 54.87 million and imports from Armenia were $67.46 million. The U.S. deficit with Armenia was $12.59 million.