Metal is exported from Armenia in several directions. Metal is mainly exported from Armenia to Russia, the United Arab Emirates, Canada and India.
Metal is exported to European countries: Germany, Latvia, Lithuania, Switzerland. By the way, a kilogram of non-ferrous metal exported from Armenia to Russia is more expensive than the one exported to European countries.
According to statistics, metal exports from Armenia in recent years amounted to about $ 228 million.
Metals are the third largest exported goods from Armenia. Both precious and non-precious metals are exported from Armenia. The precious metal exported from Armenia is gold. Gold is mainly exported with silver alloys.
During the first months of last year, 2021, 1,373 kg of gold was exported from Armenia. Gold is exported raw, semi-processed or in powder form. The customs value of gold amounted to 51.1 million US dollars. According to statistics, gold exports have decreased. Compared to the first half of 2020, the amount of gold exports decreased by 50%.
Semi-processed gold is also exported from Armenia. Importing countries will finalize it later. This gold is exported in the form of bars. In recent years, large quantities of gold have been exported from Armenia to India and the United Arab Emirates. And gold exports to Switzerland have started to decline.
Metals are also exported from Armenia. In recent years, a lot of non-ferrous metals scrap and waste are exported. Currently, the export of scrap metal from Armenia is prohibited. This ban will be valid for at least 6 months. The reason is that non-ferrous metal processing productions are being established in Armenia now. Here, metal waste and scrap are recycled and turned into finished products.
Armenia, which exports non-ferrous metals, also needs these metals. There is no production of non-ferrous metals in Armenia. If Armenia does not export scrap metal or non-ferrous metals, it will be able to process them inside the country.
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