Trade in goods with USA SITC (Standard International Trade Classification)
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Armenia trade flows with USA by SITC*) product sections during 2022/6 - 2022/10

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


Share of USA's2022/6
%
2022/7
%
2022/8
%
2022/9
%
2022/10
%
Export0.0 0.0 0.0 0.0 0.0
Import0.0 0.0 0.0 0.0 0.0
Trade in Goods0.0 0.0 0.0 0.0 0.0

USA's foreign trade with Armenia, exports to Armenia and imports from Armenia in October 2022


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 October Armenia was USA's 128. most important foreign trade partner. Improvement from the previous month was 5 places. Most of the the value of trade consists of USA's exports to Armenia. Amounting trade to worth of $29 million was 143.5 per cent bigger than in October of the previous year. During the month, the balance of trade with Armenia was $19 million of surplus.

The value of imports from Armenia decreased strongly, by 33.6 per cent compared to in October of the previous year. The import amounted to $4.8 million in October 2022. 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 32.9 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)) 14.3 % and Sitc112 (alcoholic beverages) 13.5 % of the imports.

Exports to Armenia grew strongly over the previous year's October. The value of exports was $24 million. 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 39.1 per cent of total exports, Sitc784 (parts and accessories of the motor vehicles of groups 722, 781, 782 and 783) 19.0 % and Sitc782 (motor vehicles for the transport of goods and special-purpose motor vehicles) 5.8 % of the exports.

Significant increase in trade in goods in early 2022

During January-October, trade in goods with Armenia has grown faster than USA's trade in goods with the rest of the world. During this year trade in goods between countries was significantly higher than in January-October of the previous year. Growth was as high as 101.5 per cent and the value of the trade increased to $217 million. During January-October the value of imports was $67 million. The export value was $150 million. Compared to the corresponding period January - October in 2021, the value of imports during this period decreased by 9.1 %. The largest product group in terms of imports has been Sitc897 (jewellery, goldsmiths' and silversmiths' wares, and other articles of precious or semiprecious materials, n.e.s.), worth $23 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 $43 million. The value of exports during this period increased by 343.3 %. The domestic trade balance between the two countries was in surplus, as it had remained in deficit in January-October of the previous year. The surplus was worth $83 million.


Table: USA's export to Armenia (AM) during 2022/6 - 2022/10

2022 / 62022 / 72022 / 82022 / 92022 / 10
million $%million $%million $%million $%million $%
0. Food and live animals 0.2 1.3 0.2 0.7 0.9 4.6 1.1 5.7 1.0 4.2
01. Meat and meat preparations 00 0.2 0.7 0.7 3.7 0.8 3.8 0.8 3.4
5. Chemicals and related products,n.e.s. 0.6 3.8 0.9 2.8 0.7 3.7 1.0 5.1 2.3 9.4
53. Dyeing,tanning and colouring material 00 0.1 0.2 0.0 0.1 0.3 1.5 0.9 3.6
59. Chemical materials and products,n.e.s. 0.0 0.1 0.3 1.0 0.1 0.4 0.1 0.6 0.6 2.4
7. Machinery,transport equipment 13.7 89.0 29.2 91.6 16.3 84.5 16.2 81.1 17.7 74.0
74. General industrial machinery n.e.s. 0.4 2.4 0.3 1.0 0.2 0.8 0.7 3.6 0.2 0.8
75. Office machines and adp machines 6.0 39.2 14.2 44.8 1.9 10.0 1.0 5.2 0.3 1.1
76. Telecommunications and sound recording equipment 0.8 5.3 3.7 11.7 0.8 4.1 0.6 2.9 0.4 1.7
77. Electric machinery,n.e.s.and parts 0.5 3.0 0.5 1.5 0.7 3.4 1.0 4.9 1.0 4.1
78. Road vehicles 4.9 32.1 9.3 29.1 10.7 55.4 11.5 57.7 15.4 64.0
79. Other transport equipment 0.9 6.1 1.0 3.2 1.7 8.7 0.9 4.4 0.1 0.3
8. Miscellaneous manufactured articles 0.4 2.5 1.4 4.4 0.7 3.5 0.7 3.5 1.6 6.6
87. Instruments and apparates n.e.s. 0.1 0.4 0.6 1.9 0.2 0.9 0.3 1.5 0.7 3.1
88. Photographic equipment,optical goods etc. 0.0 0.0 0.5 1.4 0.2 1.0 0.1 0.5 0.6 2.4
9. Goods not classified elsewhere 0.0 0.0 0.0 0.0 0.6 3.0 0.7 3.3 1.2 5.0
93. Special transactions and commodities not classified 00 00 0.5 2.8 0.6 3.0 0.3 1.1
97. Gold,non-monetary 00 00 00 00 0.8 3.4
0-9. All groups combined 15.4 100.0 31.8 100.0 19.3 100.0 19.9 100.0 24.0 100.0

Source: US Census Bureau

Table: Import from Armenia (AM) to USA during 2022/6 - 2022/10

2022 / 62022 / 72022 / 82022 / 92022 / 10
million $%million $%million $%million $%million $%
0. Food and live animals 0.3 4.4 0.7 7.6 0.9 13.9 0.4 7.7 0.7 13.7
05. Vegetables and fruit 0.1 2.0 0.4 3.7 0.6 9.2 0.1 1.1 0.3 7.1
1. Beverages and tobacco 0.7 10.9 2.4 24.6 1.3 20.4 1.1 19.3 0.9 18.5
11. Beverages 0.7 10.9 2.4 24.6 1.3 20.4 1.1 19.3 0.9 18.5
6. Basic manufactures 0.9 12.8 1.0 10.5 0.1 1.4 0.2 3.6 0.3 6.7
66. Non-metallic mineral manufactures,n.e.s. 0.5 7.3 1.0 10.4 0.1 1.1 0.1 2.3 0.2 5.0
7. Machinery,transport equipment 0.0 0.7 3.1 32.1 0.7 10.8 0.7 12.7 0.0 0.5
77. Electric machinery,n.e.s.and parts 0.0 0.1 3.1 32.0 0.6 9.7 0.7 11.8 0.0 0.1
8. Miscellaneous manufactured articles 4.7 68.7 2.2 22.4 3.3 50.8 2.9 53.5 2.8 57.5
84. Articles of apparel and clothing accessories 0.8 11.9 0.9 8.8 1.5 22.2 0.7 11.9 0.9 19.5
89. Miscellaneous manufactured articles,n.e.s. 3.9 55.8 1.2 12.3 1.8 27.7 2.3 41.0 1.7 35.9
0-9. All groups combined 6.9 100.0 9.8 100.0 6.6 100.0 5.5 100.0 4.8 100.0

Source: US Census Bureau

Year level (Sitc)

The amount realized in the beginning of 2022 (Sitc)


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