Armenia

Armenia ranked No. 165 in total trade value through May with a total of $36.15 million. Exports totaled $9.97 million and Imports totaled $26.18 million, a deficit of $16.2 million.

U.S. trade with Armenia rose to $28.37 million through May

Armenia’s trade with the United States rose to $28.37 million through the first five months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 16.94 percent below its total trade during the same time period last year. U.S. exports to Armenia decreased 64.06 percent while U.S. imports from Armenia rose 71.56 percent. The U.S. deficit with Armenia was $12.35 million.

Through May, the top five among the nation’s airports, seaports and border crossings 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 Los Angeles International Airport. During the same period the previous year, the top five were No. 1 John F. Kennedy International Airport; No. 2 Port of Savannah, Ga.; No. 3 Port of Newark; No. 4 Port of Philadelphia and No. 5 Port of Los Angeles. In the current time period, the top five accounted for 77.8 percent of Armenia’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Savannah, Ga. rose 18.81 percent to $12.24 million.
    Exports fell 63.66 percent to $588,852. Imports rose 34.2 percent to $11.65 million.
  • Trade with No. 2 Port of Newark rose 23.66 percent to $5.17 million.
    Exports fell 83.8 percent to $167,302. Imports rose 58.87 percent to $5.01 million.
  • Trade with No. 3 John F. Kennedy International Airport fell 65.19 percent to $4.92 million.
    Exports fell 67.94 percent to $3.29 million. Imports fell 57.89 percent to $1.63 million.
  • Trade with No. 4 Port of Los Angeles rose 30.6 percent to $3.77 million.
    Exports rose 166.59 percent to $225,203. Imports rose 26.5 percent to $3.55 million.
  • Trade with No. 5 Los Angeles International Airport fell 5.68 percent to $2.02 million.
    Exports fell 70.14 percent to $372,237. Imports rose 83.95 percent to $1.65 million.

Armenia ranked No. 165 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 167.

Meanwhile, total U.S. trade with the world increased to $1.48 trillion, down 64.27 percent compared to the same period last year. The nation’s exports dropped 64.62 percent to $582.11 billion; imports dropped 64.04 percent to $898.44 billion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $316.33 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Armenia by value through May were the categories of Diamonds, not mounted; Passenger vehicles; Non-electric industrial, lab furnaces, ovens, parts; Pumps for dispensing liquids; and Polymers of vinyl chloride, respectively. They accounted for 39.9 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; Jewelry, parts; Diamonds, not mounted; Rum, gin, vodka, other liquors; and Women’s or girls’ overcoats, etc. –– accounted for 76.47 percent of all inbound shipments.

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

  • Diamonds, not mounted fell 38.18 percent compared to last year to $1.65 million.
  • Passenger vehicles fell 76.69 percent compared to last year to $777,403.
  • Non-electric industrial, lab furnaces, ovens, parts totaled $700,000. The previous year, there were no exports in this category.
  • Pumps for dispensing liquids rose 1.5 percent compared to last year to $434,505.
  • Polymers of vinyl chloride fell 22.68 percent compared to last year to $412,335.

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

  • Aluminum foil, less than 0.2 mm thick rose 72.79 percent compared to last year to $15 million.
  • Jewelry, parts rose 27.13 percent compared to last year to $1.41 million.
  • Diamonds, not mounted fell 49.31 percent compared to last year to $1.36 million.
  • Rum, gin, vodka, other liquors fell 0.1 percent compared to last year to $1.17 million.
  • Women’s or girls’ overcoats, etc. fell 52.38 percent compared to last year to $1.08 million.

In the latest annual figures available, Armenia recorded $108.02 million in trade with the United States. Total U.S. exports to Armenia were $ 52.9 million and imports from Armenia were $55.11 million. The U.S. deficit with Armenia was $2.21 million.