Trade in goods with USA SITC (Standard International Trade Classification)
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Armenia trade flows with USA by SITC*) product sections during 2020/7 - 2020/11

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


Share of USA's2020/7
%
2020/8
%
2020/9
%
2020/10
%
2020/11
%
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 November 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 November Armenia was USA's 167. largest foreign trade partner. Rise from the previous month 14 places. Most of the value of trade between the countries consists of the import to USA. $6.5 million worth of trade was 24.6 per cent lower than in November of the previous year. In November the trade balance with Armenia was $4.1 million in deficit for United States of America.

The value of imports from Armenia decreased by 9.0 per cent compared to in November of the previous year, thus amounting to $5.3 million in November 2020. 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 30.0 percent of imports, Sitc684 (aluminium) 26.1 % and Sitc112 (alcoholic beverages) 11.7 % of the imports.

The value of exports to Armenia declined considerably,by 57.6 per cent, compared to in November of the previous year, thus amounting to $1.2 million in November 2020. The largest product groups of exports were: Sitc872 (instruments and appliances, n.e.s., for medical, surgical, dental or veterinary purposes), which represented a share of 14.7 per cent of total exports, Sitc931 (special transactions and commodities not classified according to kind) 9.8 % and Sitc098 (edible products and preparations, n.e.s.) 9.5 % of the exports.

Development during January-November 2020

The trade in goods between January and November of 2020 was of lesser value than in the corresponding period of the previous year. The value of the trade was $86 million, down 12.8 %. During January-November the value of imports was $60 million. The export value was $26 million. Compared to the corresponding period in 2019, the value of imports during this period increased by 20.5 %. The largest value in imports was in Sitc684 (aluminium), worth $29 million. In export the largest value had Sitc012 (other meat and edible meat offal, fresh, chilled or frozen (except meat and meat offal unfit or unsuitable for human consumption)), worth being $4.0 million. The value of exports during this period decreased by 46.5 %. From USA's point of view, the trade balance between the countries in January-November remained in deficit. The trade deficit was $34 million. The trade deficit continued to widen compared to the corresponding period in 2019. At that time, the deficit was $650.0 thousand.


Table: USA's export to Armenia (AM) during 2020/7 - 2020/11

2020 / 72020 / 82020 / 92020 / 102020 / 11
million $%million $%million $%million $%million $%
0. Food and live animals 0,6 20.0 0,4 13.4 1,5 40.9 1,4 39.5 0,3 22.3
01. Meat and meat preparations 0,6 20.0 0,4 13.4 1,5 40.2 1,3 36.4 0,2 9.1
7. Machinery,transport equipment 0,6 20.0 1,2 44.9 0,9 24.8 0,7 20.0 0,4 27.7
78. Road vehicles 0,1 3.1 0,4 14.9 0,6 14.3 0,6 14.7 0,2 9.8
8. Miscellaneous manufactured articles 0,2 6.2 0,4 12.8 0,3 6.3 0,6 16.8 0,3 23.7
9. Goods not classified elsewhere 1,4 44.4 0,2 4.9 0,6 14.6 0,1 1.8 0,2 9.9
93. Special transactions and commodities not classified 1,3 42.6 0,2 4.9 0,6 14.6 0 0.0 0,2 9.8
0-9. All groups combined 2,10 100.0 2,7 100.0 3,6 100.0 3,5 100.0 1,2 100.0

Source: US Census Bureau

Table: Import from Armenia (AM) to USA during 2020/7 - 2020/11

2020 / 72020 / 82020 / 92020 / 102020 / 11
million $%million $%million $%million $%million $%
0. Food and live animals 0,3 6.5 0,4 6.7 0,4 8.0 0,6 6.1 0,7 12.0
1. Beverages and tobacco 0,9 18.8 0,4 7.0 0,8 16.8 0,5 5.7 0,7 12.6
11. Beverages 0,8 16.3 0,4 7.0 0,8 16.8 0,5 5.7 0,7 12.6
6. Basic manufactures 2,0 44.6 3,5 62.5 0,4 7.2 4,7 53.5 1,6 28.4
68. Non-ferrous metals 1,7 36.4 3,4 60.8 0 0.0 4,6 53.2 1,4 26.1
8. Miscellaneous manufactured articles 1,2 26.1 1,3 21.7 2,8 60.4 2,8 32.1 2,4 43.5
84. Articles of apparel and clothing accessories 0,9 18.2 0,3 4.9 0,5 10.4 1,1 12.5 0,5 8.8
89. Miscellaneous manufactured articles,n.e.s. 0,4 7.7 0,10 16.6 2,3 49.6 1,7 19.2 1,8 33.3
0-9. All groups combined 4,5 100.0 5,6 100.0 4,7 100.0 8,7 100.0 5,4 100.0

Source: US Census Bureau

Year level (Sitc)

Year 2020 January - November (Sitc)

USA's Trade in Goods Start Page