Date,
Time MSK

11.04.2016



Armenian-Russian Bilateral Trade in 2015


In 2015 Armenian-Russian bilateral trade volume decreased by 11% and reached 1.2 billion USD compared to 1.4 billion USD in 2014.


Armenian exports to Russia fell to 0.2 billion USD (by 26%) while imports fell to 1 billion USD (by 7%) (see Figure 1).



Figure 1. 2007-2015 Armenian-Russian bilateral trade turnover, billion USD. Source: ITC Trade Map.

Figure 1. 2007-2015 Armenian-Russian bilateral trade turnover, billion USD.png


Armenian exports to Russia


Armenia primarily exports to Russia the following products (see Figure 2, Table 1):


▪ Beverages, spirits and vinegar (36%)

▪ Articles of apparel, accessories, not knit or crochet (10%)

▪ Dairy products, eggs, honey, edible animal product nes (10%)

▪ Fish, crustaceans, molluscs, aquatic invertebrates nes (5%)

▪ Vegetable, fruit, nut, etc food preparations (5%)

▪ Edible vegetables and certain roots and tubers (5%)

▪ Edible fruit, nuts, peel of citrus fruit, melons (5%)

▪ Pearls, precious stones, metals, coins, etc (3%)

▪ Articles of apparel, accessories, knit or crochet (2%)

▪ Machinery, nuclear reactors, boilers, etc (2%)

▪ Tobacco and manufactured tobacco substitutes (2%)

▪ Stone, plaster, cement, asbestos, mica, etc articles (2%)

▪ Coffee, tea, mate and spices (2%)

▪ Pharmaceutical products (1%)



In 2015 the imports of Armenian made products in Russia experienced a significant rise . The imports of articles of apparel, accessories, not knit or crochet rise by 31964%; the imports of articles of apparel, accessories, knit or crochet- by 507%.



Figure 2. Structure of Armenian Exports to Russia in 2015. Source: ITC Trade Map.

Figure 2. Structure of Armenian Exports to Russia in 2015.png



Table 1. Key products exported from Armenia to Russia in 2015. Source: ITC Trade Map.


Product HS Code

Product Type

Volume in 2014, USD thousand

Volume in 2015, USD thousand

Change in 2015, %

Share in total product imports, %

Tariff applied by Russia to Armenian products

22

Beverages, spirits and vinegar

$149,121

$81,477

-45%

5.00

0

62

Articles of apparel, accessories, not knit or crochet

$69

$22,124

31964%

0.00

0

04

Dairy products, eggs, honey, edible animal product nes

$8,615

$21,727

152%

0.2

0

03

Fish, crustaceans, molluscs, aquatic invertebrates nes

$28,811

$12,114

-58%

1.3

0

20

Vegetable, fruit, nut, etc food preparations

$16,981

$11,678

-31%

1.1

0

07

Edible vegetables and certain roots and tubers

$5,826

$11,578

99%

0.2

0

08

Edible fruit, nuts, peel of citrus fruit, melons

$16,950

$10,170

-40%

0.3

0

71

Pearls, precious stones, metals, coins, etc

$39,339

$5,880

-85%

3.6

0

61

Articles of apparel, accessories, knit or crochet

$887

$5,385

507%

0.00

0

84

Machinery, nuclear reactors, boilers, etc

$5,806

$4,866

-16%

0.00

0

24

Tobacco and manufactured tobacco substitutes

$2,844

$4,446

56%

0.2

0

68

Stone, plaster, cement, asbestos, mica, etc articles

$4,150

$3,648

-12%

0.6

0

09

Coffee, tea, mate and spices

$2,924

$3,614

24%

0.2

0

30

Pharmaceutical products

$1,754

$3,032

73%

0.00

0



Russian exports to Armenia


In 2015 Russia has exported to Armenia the following products (see Figure 3, Table 2):


▪ Mineral fuels, oils, distillation products, etc (52%)

▪ Cereals (8%)

▪ Aluminium and articles thereof (7%)

▪ Animal,vegetable fats and oils, cleavage products, etc (3%)

▪ Machinery, nuclear reactors, boilers, etc (2%)

▪ Articles of iron or steel (2%)

▪ Cocoa and cocoa preparations (2%)

▪ Vehicles other than railway, tramway (2%)

▪ Beverages, spirits and vinegar (2%)

▪ Tobacco and manufactured tobacco substitutes (2%)

▪ Electrical, electronic equipment (1%)

▪ Pearls, precious stones, metals, coins, etc (1%)

▪ Cereal, flour, starch, milk preparations and products (1%)

▪ Miscellaneous edible preparations (1%)


2015 showed a significant rise in Russian exports to Armenia of pearls, precious stones, metals, coins, etc (+135%). At the same time the exports of miscellaneous edible preparations (-28%) showed a significant fall (see Table 2).



Figure 3. Structure of Russian Exports to Armenia in 2015. Source: ITC Trade Map.

Figure 3. Structure of Russian Exports to Armenia in 2015.png



Table 2. Key products exported from Russia to Armenia in 2015. Source: ITC Trade Map.


Product HS Code

Product Type

Volume in 2014, USD thousand

Volume in 2015, USD thousand

Change in 2015, %

Share in total product imports, %

27

Mineral fuels, oils, distillation products, etc

$605,809

$517,079

-15%

74.4

10

Cereals

$107,471

$80,143

-25%

87

76

Aluminium and articles thereof

$61,639

$64,895

5%

70.5

15

Animal,vegetable fats and oils, cleavage products, etc

$30,280

$27,792

-8%

55.4

84

Machinery, nuclear reactors, boilers, etc

$27,756

$24,122

-13%

7.3

73

Articles of iron or steel

$18,650

$20,418

9%

19.2

18

Cocoa and cocoa preparations

$16,627

$19,031

14%

36.4

87

Vehicles other than railway, tramway

$14,513

$16,910

17%

12.6

22

Beverages, spirits and vinegar

$19,441

$16,364

-16%

34.7

24

Tobacco and manufactured tobacco substitutes

$6,808

$15,266

124%

8.3

85

Electrical, electronic equipment

$14,089

$13,098

-7%

7

71

Pearls, precious stones, metals, coins, etc

$5,397

$12,664

135%

1.8

19

Cereal, flour, starch, milk preparations and products

$11,752

$11,490

-2%

39.9

21

Miscellaneous edible preparations

$13,623

$9,821

-28%

45.3



Table 3 represents basic macroeconomic and foreign trade indicators for both countries.



Table 3. Macroeconomic Indicators for Russia and Armenia. Source: IMF World Economic Outlook Database, April 2015


Macroeconomic Indicator

Russia

Armenia

GDP in 2014, billion dollars

1,857.461

10.279

GDP in 2015, billion dollars

1,175.996

9.301

Inflation, average consumer prices, %

7.82

6.400

Volume of imported goods, billion dollars

282.6

3.3

Volume of exported goods, billion dollars

492.1

1.5

Unemployment rate, %

5.10

17.900

Population, millions

143.7

3.299


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