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Armenia posts its foreign trade

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  • Armenia posts its foreign trade

    RosBusinessConsulting Database
    November 2, 2004 Tuesday

    Armenia posts its foreign trade


    The trade volume between Armenia and Russia dropped 15.5 percent in the
    first nine months of 2004 compared to the corresponding period last
    year and reached $186.6m, the Armenian National Statistics Service
    reported. Armenian exports to Russia decreased 10.3 percent while
    imports lost 17.6 percent in the reported period. The negative trade
    balance was $71.5m.

    Armenia's trade with CIS members was $299.7m in January to September
    2004, which was 20.2 percent of the total volume of foreign trade.
    Exports to CIS members were $86.9m compared to $212.7m in imports.

    The total foreign trade volume increased 3.1 percent in the first nine
    months of 2004 against the same period in 2003 and amounted to about
    $1.486bn. The share of the European Union in the structure of Armenia's
    foreign trade was 36.9 percent ($548.8m).

    Major importers from Armenia are Belgium, Israel, Russia, the USA and
    Germany.
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