The net inflow of direct foreign investments dropped by 11 times in 2020 and by 2.5 times in 2019. This is what Chairman of the Standing Committee on Regional and Eurasian Integration of the National Assembly of Armenia, deputy of the Prosperous Armenia faction and economist by profession Mikayel Melkumyan said during today’s discussion on the current issues of the Armenian-Russian strategic union amid the modern threats and challenges.

Melkumyan added that in 2020 Armenia’s foreign trade turnover made up $7,100,000,000 and that the indicator has dropped by 13.2% compared with the same period of the previous year ($8,200,000,000 in 2019).

“Armenia’s foreign trade turnover with member states of the Eurasian Economic Union made up $2,200,000,000 and dropped by 2.6% compared with the same period of the previous year. Between October and December 2020, Armenia’s exports made up $2,500,000,000, dropping by 3.9% compared with the same period of the previous year ($2,600,000,000 in 2019).

Armenia’s exports to member states of the Eurasian Economic Union made up $705,300,000, and the indicator dropped by 8.3% compared with the same period of the previous year (769,200,000 in 2019). Armenia’s imports according to country of origin of products made up $4,600,000,000 in October-December 2020, and this indicator dropped by 17.7% compared with the same period of the previous year ($5,500,000,000 in 2019). Armenia’s imports from member states of the Eurasian Economic Union made up $1,500,000,000, and the indicator grew by 0.2% compared with the same period of the previous year,” the deputy said.