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Bulgaria, a Leading Importer of Armenian Copper Ore

hetq.am5 hours ago
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Bulgaria, a Leading Importer of Armenian Copper Ore

Russia, China, Switzerland, Germany and Bulgaria are Armenia’s largest trading partners.

Together they comprise 52% of Armenia’s foreign trade.

In 2017, Bulgaria, fifth on the list, took in 12.8% of total Armenian exports, but only accounted for 1% of Armenia’s imports.

In 2017, trade volume between the two nations rose by 75.2%. amounting to US$ 327 million. Most of the increase was due to greater Armenian copper exports to Bulgaria.

Last year, Armenian exports to Bulgaria increased by 87.8%, and Armenian imports from Bulgaria rose by 18.9%

Bulgaria is one of the few countries with which Armenia enjoys a trade surplus. Armenia’s ore exports are the reason why. The same situation holds for Switzerland, China and Germany.

In 2017, Armenia exported $286 million worth of goods to Bulgaria; the largest dollar amount in the last ten years.

As for Armenian imports from Bulgaria, they reached a pinnacle in 2008 at $118.6 million. The low point was 2014 - $25.5 million. They’ve been creeping up since.

Over the past few years, most of Ar...

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