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Armenia

Armenia ranked No. 170 in total trade value through February with a total of $13.06 million. Exports totaled $8.05 million and Imports totaled $5.01 million, a surplus of $3.04 million.

January – February 2019

Top Trading Ports

Total Trade: $13.06 million

RankPortTotal YTD
1John F. Kennedy International Airport $6,013,501
2Port of Los Angeles $1,495,357
3Port of Newark $1,455,729
4Port of Houston $969,890
5Port of Long Beach $409,809
6Port of Savannah, Ga. $402,340
7Los Angeles International Airport $398,799
8Port of New York $309,704
9Port of Charleston $268,040
10Port of Virginia $192,201

U.S. trade with Armenia rose to $13.06 million through February

Armenia’s trade with the United States rose to $13.06 million through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 36.5 percent below its total trade during the same time period last year. Armenia’s exports decreased 2.95 percent while imports fell 59.18 percent. The U.S. surplus with Armenia was $3.04 million.

Through February, the top five among the nation’s airports, seaports and border crossings were No. 1 John F. Kennedy International Airport; No. 2 Port of Los Angeles; No. 3 Port of Newark; No. 4 Port of Houston; and No. 5 Port of Long Beach. During the same period the previous year, the top five were No. 1 Port of Savannah, Ga. No. 2 John F. Kennedy International Airport No. 3 Port of Newark No. 4 Port of Charleston and No. 5 Port of Los Angeles. In the current time period, the top five accounted for 79.23 percent of Armenia’s U.S. trade.

Among those top five:

  • Trade with No. 1 John F. Kennedy International Airport rose 108.51 percent to $6.01 million.
    Exports rose 162.5 percent to $4.7 million. Imports rose 20.29 percent to $1.32 million.
  • Trade with No. 2 Port of Los Angeles rose 32.14 percent to $1.5 million.
    Exports fell 76.74 percent to $45,000. Imports rose 54.59 percent to $1.45 million.
  • Trade with No. 3 Port of Newark fell 48.76 percent to $1.46 million.
    Exports fell 12.96 percent to $159,694. Imports fell 51.23 percent to $1.3 million.
  • Trade with No. 4 Port of Houston rose 7.74 percent to $969,890.
    Exports rose 7.74 percent to $969,890. There were no imports.
  • Trade with No. 5 Port of Long Beach rose 71.71 percent to $409,809.
    Exports rose 18.72 percent to $251,439. Imports rose 489.17 percent to $158,370.

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. 162.

Meanwhile, total U.S. trade with the world increased to $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Armenia by value through February were the categories of Antiques; Motor vehicles for transporting people; Diamonds, not mounted; Poultry, fresh, chilled or frozen; and Polymers of vinyl chloride, respectively. They accounted for 81.29 percent of total exports to Armenia.

The value of the top five categories of U.S. imports from Armenia –– Diamonds, not mounted; Women’s or girls’ overcoats, etc.; Rum, gin, vodka, other liquors; Men’s or boys’ overcoats; and Jewelry, parts –– accounted for 58.62 percent of all inbound shipments.

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

  • Antiques totaled $3.6 million. The previous year, there were no exports in this category.
  • Motor vehicles for transporting people rose 65.19 percent compared to last year to $971,335.
  • Diamonds, not mounted fell 37.89 percent compared to last year to $784,355.
  • Poultry, fresh, chilled or frozen fell 58.49 percent compared to last year to $652,655.
  • Polymers of vinyl chloride fell 24.17 percent compared to last year to $533,265.

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

  • Diamonds, not mounted rose 13.2 percent compared to last year to $919,323.
  • Women’s or girls’ overcoats, etc. rose 100.64 percent compared to last year to $917,307.
  • Rum, gin, vodka, other liquors rose 123.72 percent compared to last year to $444,986.
  • Men’s or boys’ overcoats rose 77.62 percent compared to last year to $398,111.
  • Jewelry, parts rose 155.97 percent compared to last year to $256,611.

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.