Trade in goods with USA SITC (Standard International Trade Classification)
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Armenia trade flows with USA by SITC*) product sections during 2020/3 - 2020/7

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


Share of USA's2020/3
%
2020/4
%
2020/5
%
2020/6
%
2020/7
%
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 Juli 2020


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 Juli Armenia was USA's 162. largest foreign trade partner. Rise from the previous month 5 places. $7.3 million worth of trade was 12.4 per cent lower than in Juli of the previous year. In Juli the trade balance with Armenia was $1.5 million in deficit for United States of America.

The value of imports from Armenia decreased by 6.4 per cent compared to in Juli of the previous year, thus amounting to $4.4 million in Juli 2020. Major product categories of imports from Armenia were Sitc684 (aluminium), representing 36.4 percent of imports, Sitc842 (women's or girls' coats, capes, jackets, suits, trousers, shorts, shirts, dresses and skirts, underwear, nightwear and similar articles of textile fabrics, not knitted or crocheted (other than those of subgroup 845.2)) 12.2 % and Sitc112 (alcoholic beverages) 11.2 % of the imports.

The value of exports to Armenia declined by 20.0 per cent compared to in Juli of the previous year, thus amounting to $2.9 million in Juli 2020. The largest product groups of exports were: Sitc931 (special transactions and commodities not classified according to kind), which represented a share of 42.6 per cent of total exports, Sitc012 (other meat and edible meat offal, fresh, chilled or frozen (except meat and meat offal unfit or unsuitable for human consumption)) 20.0 % and 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.) 5.0 % of the exports.

Development during January-Juli 2020

During January-Juli, trade in goods between the two countries declined sharply (-21.1 %) over the same period last year. The value of the trade was $51 million. During January-Juli the value of imports was $36 million. The export value was $15 million. Compared to the corresponding period in 2019, the value of imports during this period increased by 14.3 %. The largest value in imports was in Sitc684 (aluminium), worth $20 million. In export the largest value had Sitc667 (pearls and precious or semiprecious stones, unworked or worked), worth being $2.0 million. The value of exports during this period decreased by 54.1 %. The trade balance in goods between the two countries between January and Juli last year had been in surplus when it had a deficit in the corresponding period of the current year. The trade deficit was $20 million.


Table: USA's export to Armenia (AM) during 2020/3 - 2020/7

2020 / 32020 / 42020 / 52020 / 62020 / 7
million $%million $%million $%million $%million $%
0. Food and live animals 0,1 4.8 0 0.0 0,2 6.6 0,2 5.2 0,6 20.0
01. Meat and meat preparations 0,1 4.1 0 0.0 0,2 6.0 0,1 3.0 0,6 20.0
7. Machinery,transport equipment 0,6 31.9 0,6 58.6 1,6 80.9 1,2 44.7 0,6 20.0
74. General industrial machinery n.e.s. 0,1 3.3 0,2 13.4 1,1 52.2 0,6 20.7 0,2 3.9
8. Miscellaneous manufactured articles 0,7 39.5 0,2 14.8 0,2 6.0 0,2 5.9 0,2 6.2
9. Goods not classified elsewhere 0,2 6.6 0,1 0.0 0,1 0.0 0,1 0.0 1,4 44.4
93. Special transactions and commodities not classified 0,2 6.6 0 0.0 0 0.0 0 0.0 1,3 42.6
0-9. All groups combined 1,7 100.0 0,10 100.0 2,0 100.0 2,5 100.0 2,10 100.0

Source: US Census Bureau

Table: Import from Armenia (AM) to USA during 2020/3 - 2020/7

2020 / 32020 / 42020 / 52020 / 62020 / 7
million $%million $%million $%million $%million $%
1. Beverages and tobacco 0,4 7.2 0,6 10.1 0,10 16.1 0,5 9.7 0,9 18.8
11. Beverages 0,4 7.2 0,6 10.1 0,10 16.1 0,5 9.7 0,8 16.3
6. Basic manufactures 3,3 60.8 4,2 78.5 3,5 58.6 3,2 60.9 2,0 44.6
66. Non-metallic mineral manufactures,n.e.s. 0,7 11.8 0,1 0.4 0 0.0 0,1 0.7 0,4 7.5
68. Non-ferrous metals 2,6 48.6 4,2 77.6 3,4 58.4 3,1 59.0 1,7 36.4
8. Miscellaneous manufactured articles 1,0 18.5 0,3 3.9 0,9 14.3 0,10 18.1 1,2 26.1
84. Articles of apparel and clothing accessories 0,6 9.5 0,1 1.9 0,9 14.1 0,9 17.3 0,9 18.2
0-9. All groups combined 5,4 100.0 5,3 100.0 5,9 100.0 5,1 100.0 4,5 100.0

Source: US Census Bureau

Year level (Sitc)

Year 2020 January - Juli (Sitc)

USA's Trade in Goods Start Page