Armenia's manufacturing sector grows by 33.7% in first five months of 2024
In May 2024 alone, the sector produced goods worth AMD 165,989.8 million
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YEREVAN, July 10. /ARKA/. Armenia's manufacturing sector produced goods worth AMD 842,549.2 million from January to May 2024, a 33.7% increase compared to the same period in the previous year, according to data published by the National Statistics Committee of Armenia on Wednesday.
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In May 2024 alone, the sector produced goods worth AMD 165,989.8 million, showing a 27% increase compared to May 2023, but a 14.1% decrease compared to April 2024.
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The largest share of production in the manufacturing sector for the five-month period was in the production of basic metals, accounting for 33.8% of the total. This segment saw a 4.3-fold increase, producing goods worth AMD 284,615.1 million.
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The second-largest share was in the production of food products, which made up 23.7% of the total, though this segment saw a 1.4% decrease, producing goods worth AMD 199,526.5 million. The production of beverages followed, contributing 9.6% of the total with a slight decrease of 0.6%, producing goods worth AMD 80,845.4 million.
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Other notable segments included:
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Tobacco products: 7.6% share, 5% increase, AMD 64,431.6 million.
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Non-metallic mineral products: 7.6% share, 1.6% decrease, AMD 63,831.5 million.
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Rubber and plastic products: 2% share, 11.5% increase, AMD 17,216.0 million.
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Printing and media reproduction: 2% share, 9.5% decrease, AMD 16,949.4 million.
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Clothing production: 1.9% share, 5.7% decrease, AMD 16,276.2 million.
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Paper products: 1.6% share, 4.9% increase, AMD 13,396.6 million.
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Electrical equipment: 1.4% share, 59.9% increase, AMD 11,652.7 million.
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Metal products: 1.2% share, 16.1% increase, AMD 10,045.8 million.
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Other smaller segments included:
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Chemical products: 0.8% share, 12% decrease, AMD 7,022.5 million.
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Furniture: 0.8% share, 40.1% increase, AMD 6,674.6 million.
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Pharmaceutical products: 0.6% share, 5.3% increase, AMD 5,024.1 million.
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Machinery and equipment: 0.6% share, 24% decrease, AMD 4,695.6 million.
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Machine repair and installation: 0.4% share, 35.7% decrease, AMD 3,396.7 million.
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Computers and electronics: 0.3% share, 10.8% decrease, AMD 2,609.4 million.
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Textiles: 0.2% share, 8% increase, AMD 2,011.6 million.
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Leather products: 0.2% share, 14.5% increase, AMD 1,610.0 million.
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Wood processing: 0.1% share, 25.9% increase, AMD 1,010.9 million.
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Coke and petroleum products: 0.1% share, AMD 578.4 million.
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Products not included in other categories made up 3.5% of the total.
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The total industrial production in Armenia for January-May 2024 amounted to AMD 1,182,982.7 million, a 22% increase compared to the same period in 2023.
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