Germany and Canada are major markets for Armenian mining export

Germany and Canada are major markets for Armenian mining export –

Mining, being one of the main branches of the Armenian industry, plays an essential role in development of Armenia’s economy. Armenpress has singled out the minerals that have essential importance in Armenia’s economy, showing the change of the production of their volumes during the recent 5 years.

As seen in the chart, the copper production has registered a notable growth among solid minerals, almost doubling within 5 years reaching 57 thousand 653 tons from 28 thousand 280. The volumes of the molybdenum have grown as well, but there is no abrupt change as compared to 2008.

Precious and non-precious metals and ore are much exported in the recent years. According to the National Statistical data, the main markets of the Armenian mining industry export are Germany and Canada – about 70 % of the export field.