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Armenia

Armenia ranked No. 166 in total trade value through August with a total of $72.56 million. Exports totaled $37.29 million and Imports totaled $35.27 million, a surplus of $2.02 million.

January – August 2019

Top Trading Ports

Total Trade: $72.56 million

RankPortTotal YTD
1John F. Kennedy International Airport $16,991,910
2Port of Savannah, Ga. $14,476,627
3Port of Newark $10,878,974
4Port of Los Angeles $4,132,863
5Port of Houston $3,597,999
6Port of Philadelphia $3,593,638
7Port of Long Beach $3,333,851
8Los Angeles International Airport $3,202,862
9Port Miami $1,437,980
10Port of Baltimore, Md. $1,379,110

U.S. trade with Armenia rose to $72.56 million through August

Armenia’s trade with the United States rose to $72.56 million through the first eight months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 0.92 percent below its total trade during the same time period last year. U.S. exports to Armenia increased 14.57 percent while U.S. imports from Armenia fell 13.31 percent. The U.S. surplus with Armenia was $2.02 million.

Through August, the top five among the nation’s airports, seaports and border crossings were No. 1 John F. Kennedy International Airport; No. 2 Port of Savannah, Ga.; 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 John F. Kennedy International Airport No. 3 Port of Newark No. 4 Port of Los Angeles and No. 5 Port of Houston. In the current time period, the top five accounted for 69.01 percent of Armenia’s U.S. trade.

Among those top five:

  • Trade with No. 1 John F. Kennedy International Airport rose 69.47 percent to $16.99 million.
    Exports rose 112.04 percent to $11.49 million. Imports rose 19.37 percent to $5.5 million.
  • Trade with No. 2 Port of Savannah, Ga. fell 42.64 percent to $14.48 million.
    Exports fell 42.52 percent to $2.7 million. Imports fell 42.67 percent to $11.77 million.
  • Trade with No. 3 Port of Newark rose 13.35 percent to $10.88 million.
    Exports rose 113.82 percent to $1.64 million. Imports rose 4.62 percent to $9.24 million.
  • Trade with No. 4 Port of Los Angeles fell 5.66 percent to $4.13 million.
    Exports fell 86.4 percent to $130,904. Imports rose 17.08 percent to $4 million.
  • Trade with No. 5 Port of Houston rose 2.74 percent to $3.6 million.
    Exports rose 3.11 percent to $3.6 million. There were no imports.

Armenia ranked No. 166 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 168.

Meanwhile, total U.S. trade with the world increased to $2.77 trillion, down 0.32 percent compared to the same period last year. The nation’s exports dropped 0.71 percent to $1.1 trillion; imports dropped 0.07 percent to $1.67 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $575.47 billion, up compared to the same period of last year when the deficit was $568.8 billion.

The top five U.S. exports to Armenia by value through August were the categories of Motor vehicles for transporting people; Cell phones, related equipment; Antiques; Diamonds, not mounted; and Chicken and other poultry, respectively. They accounted for 62.73 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; Women’s or girls’ overcoats, etc.; Diamonds, not mounted; Rum, gin, vodka, other liquors; and Men’s or boys’ overcoats –– accounted for 74.14 percent of all inbound shipments.

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

  • Motor vehicles for transporting people rose 212.84 percent compared to last year to $7.71 million.
  • Cell phones, related equipment rose 621.11 percent compared to last year to $5.96 million.
  • Antiques totaled $3.6 million. The previous year, there were no exports in this category.
  • Diamonds, not mounted fell 7.14 percent compared to last year to $3.55 million.
  • Chicken and other poultry rose 0.75 percent compared to last year to $2.58 million.

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

  • Aluminum foil, less than 0.2 mm thick fell 41.23 percent compared to last year to $14.92 million.
  • Women’s or girls’ overcoats, etc. rose 31.2 percent compared to last year to $4.42 million.
  • Diamonds, not mounted rose 13.65 percent compared to last year to $3.79 million.
  • Rum, gin, vodka, other liquors rose 4.08 percent compared to last year to $1.51 million.
  • Men’s or boys’ overcoats rose 32.58 percent compared to last year to $1.5 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.