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Armenia's Foreign Trade Turnover With EU Member Countries Grows 23.9

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  • Armenia's Foreign Trade Turnover With EU Member Countries Grows 23.9

    ARMENIA'S FOREIGN TRADE TURNOVER WITH EU MEMBER COUNTRIES GROWS 23.9% TO $1,625.6 MILLION

    ARKA
    Dec 2, 2008

    YEREVAN, December 2. /ARKA/. Armenia's foreign trade turnover with
    EU member countries grew 23.9% in Jan/Oct 2008, compared with the
    same period a year earlier, and reached $1,625.6 million, National
    Statistical Service of Armenia reports.

    According to the statistical report, trade turnover with European
    Union made 36% of Armenia's foreign trade turnover in Jan/Oct 2008.

    Armenia's exports to EU countries amounted to $517 million (54.9%
    of total export) after growing 13.5% in Kan/Oct 2008, compared with
    the same period of the previous year.

    Imports from EU countries amounted to $949 million (24.2% growth)
    or 26.5% of total import.

    EU-made imports totaled $1,108.6 million after growing 29.5%.

    German, with 8.3% or $373.2 million share in total import, was the
    biggest importer in Armenia among EU countries.

    Belgium was the second largest importer with its 3.6%. Then come
    Bulgaria (3.4%) and the Netherlands (3.2%).

    Armenia's total foreign trade turnover has grown 31.5% over the period
    between January and October 2008, compared with the same period of
    2007, and reached $4,520.1 million. Exports amounted to $941.2 million
    and imports $3,579.2 million.
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