Armenia"s gold market has exhibited substantial activity in 2024, characterized by significant import and export volumes. The trade of gold, particularly "unwrought, non-monetary" gold, shows a robust presence, both in terms of quantity and value. Notably, imports of this commodity totaled 85,152 kg, valued at approximately $5. 94 billion, indicating a high demand and potential for re-export or domestic utilization. On the export front, Armenia shipped 77,521 kg of gold, generating a revenue of $5. 6 billion, underscoring its role as a key player in the global gold supply chain. Price trends reveal that Armenia experiences a dynamic gold market, with prices fluctuating in response to global market conditions and local economic factors. The high volume of both imports and exports suggests a competitive pricing strategy, likely influenced by international gold prices and local production costs.
Additionally, the trade of "silver, gold or platinum clad base metals" reflects Armenia"s diversified approach to its metals market. In 2024, exports of these metals reached 421,104 kg, valued at $399. 5 million, while imports were slightly higher at 450,827 kg, also valued similarly at $389. 6 million. This balance indicates a stable demand and a possible strategy to leverage global price differentials. As Armenia continues to navigate its position in the metals market, platforms like Aritral. com can offer valuable support. Aritral"s AI-driven tools provide comprehensive services such as Product Listing, Direct Communication, and Global Sales Assistance, which can be pivotal for suppliers and buyers aiming to optimize their market presence and transactions in the Armenian metals sector. "
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