Trade in goods with USA SITC (Standard International Trade Classification)
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Armenia trade flows with USA by SITC*) product sections during 2020/10 - 2021/2

*) Standard International Trade Classification (classification system is maintained by the United Nations)


Share of USA's2020/10
%
2020/11
%
2020/12
%
2021/1
%
2021/2
%
Export0.00.00.00.00.0
Import0.00.00.00.00.0
Trade in Goods0.00.00.00.00.0

USA's foreign trade with Armenia, exports to Armenia and imports from Armenia in February 2021


The text of the following analysis is produced by a computer program. The program is a test version and its rule base at this stage is still quite limited.

In February Armenia was USA's 156. largest foreign trade partner. Most of the value of trade between the countries consists of the import to USA. Amounting trade to worth of $8.1 million was 4.2 per cent bigger than in February of the previous year. In February the trade balance with Armenia was $6.1 million in deficit for United States of America.

The value of imports from Armenia was 39.8 per cent higher than in February of the previous year, thus amounting to $7.1 million. Major product categories of imports from Armenia were Sitc897 (jewellery, goldsmiths' and silversmiths' wares, and other articles of precious or semiprecious materials, n.e.s.), representing 41.8 percent of imports, Sitc684 (aluminium) 26.6 % and Sitc112 (alcoholic beverages) 7.2 % of the imports.

The value of exports to Armenia declined considerably,by 63.0 per cent, compared to in February of the previous year, thus amounting to $993.5 thousand in February 2021. The largest product groups of exports were: Sitc781 (motor cars and other motor vehicles principally designed for the transport of persons (other than motor vehicles for the transport of ten or more persons, including the driver), including station-wagons and racing cars), which represented a share of 13.9 per cent of total exports, Sitc752 (automatic data-processing machines and units thereof; magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, n.e.s.) 9.7 % and Sitc784 (parts and accessories of the motor vehicles of groups 722, 781, 782 and 783) 9.5 % of the exports.

Development during January-February 2021

During January-February, trade in goods with Armenia has grown faster than USA's trade in goods with the rest of the world. During January-February, the value of trade in goods between the two countries rose to $17 million. Growth compared to the corresponding period of the previous year was 10.2 percent. During January-February the value of imports was $13 million. The export value was $3.6 million. Compared to the corresponding period in 2020, the value of imports during this period increased by 34.8 %. The largest value in imports was in Sitc684 (aluminium), worth $4.5 million. In export the largest value had Sitc781 (motor cars and other motor vehicles principally designed for the transport of persons (other than motor vehicles for the transport of ten or more persons, including the driver), including station-wagons and racing cars), worth being $451.4 thousand. The value of exports during this period decreased by 33.8 %. From USA's point of view, the trade balance between the countries in January-February remained in deficit. The trade deficit was $9.5 million. The trade deficit continued to widen compared to the corresponding period in 2020. At that time, the deficit was $4.3 million.


Table: USA's export to Armenia (AM) during 2020/10 - 2021/2

2020 / 102020 / 112020 / 122021 / 12021 / 2
million $%million $%million $%million $%million $%
0. Food and live animals 1,4 39.5 0,3 22.3 0,2 5.6 0 0.0 0 0.0
01. Meat and meat preparations 1,3 36.4 0,2 9.1 0,1 3.7 0 0.0 0 0.0
7. Machinery,transport equipment 0,7 20.0 0,4 27.7 0,9 47.5 0,10 36.2 0,6 58.1
78. Road vehicles 0,6 14.7 0,2 9.8 0,5 25.2 0,4 14.2 0,3 25.4
8. Miscellaneous manufactured articles 0,6 16.8 0,3 23.7 0,3 13.9 0,10 35.6 0,2 18.8
0-9. All groups combined 3,5 100.0 1,2 100.0 1,8 100.0 2,7 100.0 1,0 100.0

Source: US Census Bureau

Table: Import from Armenia (AM) to USA during 2020/10 - 2021/2

2020 / 102020 / 112020 / 122021 / 12021 / 2
million $%million $%million $%million $%million $%
0. Food and live animals 0,6 6.1 0,7 12.0 0,8 9.8 0,6 9.8 0,9 11.5
05. Vegetables and fruit 0,4 4.1 0,4 7.4 0,5 5.0 0,4 5.5 0,6 8.3
1. Beverages and tobacco 0,5 5.7 0,7 12.6 1,4 16.7 0,9 13.6 0,6 8.4
11. Beverages 0,5 5.7 0,7 12.6 1,4 16.7 0,9 13.6 0,6 8.4
6. Basic manufactures 4,7 53.5 1,6 28.4 2,8 34.1 2,8 45.9 2,0 27.9
68. Non-ferrous metals 4,6 53.2 1,4 26.1 2,8 33.8 2,7 43.7 1,9 26.6
8. Miscellaneous manufactured articles 2,8 32.1 2,4 43.5 2,9 35.3 1,7 27.7 3,4 46.8
84. Articles of apparel and clothing accessories 1,1 12.5 0,5 8.8 0,4 4.4 0,4 5.5 0,4 4.5
89. Miscellaneous manufactured articles,n.e.s. 1,7 19.2 1,8 33.3 2,4 29.7 1,4 22.0 3,0 42.0
0-9. All groups combined 8,7 100.0 5,4 100.0 8,1 100.0 6,1 100.0 7,1 100.0

Source: US Census Bureau

Year level (Sitc)

Year 2021 January - February (Sitc)


Year level of Advanced Technology Products (ATP)

Advanced Technology Products (ATP) of last published months

Year 2021 January - February (ATP)

USA's Trade in Goods Start Page