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20 October 2022, 17:33

Pashinyan: Belarus-Armenia trade doubles in 2022

Nikol Pashinyan
Nikol Pashinyan

MINSK, 20 October (BelTA) – The trade between Belarus and Armenia has doubled since the start of the year, Armenian Prime Minister Nikol Pashinyan said as he met with Belarusian Prime Minister Roman Golovchenko in Yerevan on 20 October, BelTA has learned.

“Belarus is a partner of Armenia. The Eurasian Economic Union is one of the main platforms where we cooperate. Today the role of the EAEU is increasing, because, unfortunately, the world is living through difficult economic times. I must say that the mechanisms we have in the EAEU are of great help in these situations. Difficulties bring new opportunities. For example, the trade between Belarus and Armenia has doubled this year. We have been showing good economic performance. I hope that as a result of our meetings and talks we will be able to maintain it, and we will have more joint projects, which will be competently implemented and will benefit both sides,” said Nikol Pashinyan.

In 2021, the trade between Belarus and Armenia amounted to $97.2 million, up 18.1% from 2020. Exports reached $68.4 million, up 18.9%. Belarus posted a trade surplus of $39.4 million. Last year Belarus' main exports were milk and cream, defense and security products, furniture, medicines, electric transformers, computers for automatic data processing, wires and cables, fiberboard, paper and cardboard, aluminum bars and profiles. The imports from Armenia included strong drinks, defense and security products, copper waste and scrap, hygiene items, toys and puzzles.

In January-August 2022, the bilateral trade amounted to $105.7 million (up 5.7% over the same period last year). Exports made up $69.2 million (up 82.5%). The trade surplus reached $32.6 million.

The commodity distribution network of the Belarusian enterprises in Armenia includes four companies with Belarusian capital, and more than 80 dealer network entities. There are 39 companies with Armenian capital in Belarus, including ten joint ventures.

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