Growth of trade between Armenia and Dnipropetrovsk region

Armenia provides humanitarian aid to Ukraine, refraining from military support and expressing support for Ukraine’s independence, sovereignty and territorial integrity. The Republic of Armenia has publicly taken a neutral position on russia’s war against Ukraine, but has stated that it is not helping the kremlin to circumvent sanctions.

In June 2023, Armenian Prime Minister Nikol Pashinyan stated that his country is not an ally of russia in the war against Ukraine, emphasizing that this conflict significantly affects Armenia’s international relations. Yerevan has also withdrawn its permanent representative from the Collective Security Treaty Organization (CSTO) and hosted the US military to train peacekeepers, which indicates a certain distancing from russia.

Representatives of the Union of Armenians of Ukraine and the Embassy of the Republic of Armenia in Ukraine handed over 10 tons of medicines to the National Military Medical Clinical Center “Main Military Clinical Hospital”. The humanitarian aid will be used in many clinical areas, including antibacterial therapy and pain relief for the wounded and sick.

In February 2024, as part of a humanitarian project, representatives of the Union of Armenians of Ukraine and the Embassy of the Republic of Armenia in Ukraine handed over medical aid to a military hospital in the city of Dnipro. This assistance included medicines and medical supplies for the wounded Ukrainian military. Ambassador Extraordinary and Plenipotentiary of the Republic of Armenia to Ukraine Vladimir Karapetyan expressed his gratitude to everyone who contributed to the organization and delivery of this aid. It is also planned to deliver a similar cargo to a military hospital in Kharkiv.

Armenia also donated humanitarian aid for online education – more than 1,000 smartphones, tablets and laptops for pupils. These gadgets are primarily intended for children in the regions where most schools operate online. These are children who had to leave their homes due to the hostilities, children with disabilities, children from low-income families or children deprived of parental care.

In June 2024, political consultations were held between the Deputy Foreign Ministers of Ukraine and Armenia to discuss ways to intensify political dialogue and topical issues of bilateral relations. Today, the two countries continue to work to strengthen bilateral relations, supporting each other in the international arena and developing cooperation in various fields.

In 2023, foreign trade between Ukraine and Armenia showed positive dynamics, increasing by 13.6% compared to 2022, and reached $94.6 million. This indicates the strengthening of economic ties between the two countries and creates the basis for further cooperation.

The main directions of exports from Ukraine to Armenia:

  • agricultural products: cereals, oilseeds and other agricultural products;
  • machinery and equipment: industrial equipment, vehicles and their components;
  • electrical machinery: electric motors, generators and other electrical products.

The main goods imported from Armenia to Ukraine are:

  • alcoholic beverages: wines, cognacs and other spirits;
  • ferrous metals: rolled products, pipes and other metal products;
  • pharmaceutical products: medicines and medical devices.

The growth in trade between Ukraine and Armenia demonstrates mutual interest in expanding economic relations and opens up new opportunities for businesses in both countries.

The development of mutually beneficial trade and economic cooperation also remains important for Dnipropetrovsk region. Despite the small volume of foreign trade with the Republic of Armenia, this country is a promising trading partner of the region.

Armenian enterprises buy machinery and equipment, land transport, meat and edible offal, etc. The volume of goods exports from Dnipropetrovsk region amounted to $8.4 million and remained almost at the level of 2022.

51 companies in Dnipropetrovsk region exported their products to the Armenian market, including enterprises in the machine-building, processing, and food industries.

Imports of goods from Armenia to Dnipropetrovsk region increased by 12% compared to 2022 and amounted to $4.6 million. 5 importers in the region bought Armenian goods the most, namely alcoholic and non-alcoholic beverages, ferrous metals, and more.

Import operations were mainly carried out by metallurgical, trade, food, and processing companies.

Source: information for this article was taken from open online sources