Wednesday, May 20, 2015

Iraq, Syria Sharply Boost Armenian Cigarette Exports

Exports of Armenian cigarettes continued to grow rapidly last year thanks to a near-doubling of their deliveries to Iraq and Syria, their principal markets abroad, according to government statistics.

Data from the Armenian customs service revealed by Hetq.am shows a more than 71 percent surge in cigarette exports that totaled $116.6 million in 2014. They stood at just $16.3 million in 2011.

The Iraqi market generated over two-thirds of the Armenian tobacco industry's total export revenue. This explains why Armenia's trade with Iraq rose by almost 39 percent to $106 million in 2014.

Armenian News

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