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Trade Turnover Between Armenia And Kazakhstan Over $21.4mln In 2008

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  • Trade Turnover Between Armenia And Kazakhstan Over $21.4mln In 2008

    TRADE TURNOVER BETWEEN ARMENIA AND KAZAKHSTAN OVER $21.4MLN IN 2008

    ARKA
    May 13, 2009

    YEREVAN, May 13. /ARKA/. Trade turnover between Armenia and Kazakhstan
    totaled $21.4mln in 2008, Armenian co-chair of the intergovernmental
    commission on Armenia-Kazakhstan trade and economic cooperation Samvel
    Avetisyan said.

    Unfortunately, it is a reduction of 2.8% as compared with $21.8mln
    in 2007, he said at the third meeting of the commission in Yerevan
    Tuesday.

    Armenian exports amounted to $7.3mln by the end of 2007 and only
    $2.9mln in 2008, Avetisyan said.

    Kazakhstani imports to Armenia reduced as well - from $39.7mln in
    2007 to $18.5mln in 2008. The list of trade turnover between the
    countries includes 108 product items.

    Crops rank first in the list of Kazakhstani imports to Armenia:
    crops imports to Armenia totaled $9.6mln in 2007 and $10.7mln in 2008.

    Ethyl alcohol is the first among Armenian goods exported to Kazakhstan:
    ethyl alcohol exports amounted to $1.8mln in 2007 and $800,000 in
    2008. The second is Armenian jewelry - exports totaled $1.4 mln in
    2007 and $500,000 in 2008, Avetisyan said.

    He also pointed out the high demand for Armenian synthetic rubber -
    exports of this product to Kazakhstan were $1mln in 2007-2008.

    According to Avetisyan, being an economically strong country with
    high potential Kazakhstan is of particular interest to Armenia.

    Apart from the current exports, Armenian vegetables and fruits can=2
    0also be exported especially to northern parts of Kazakhstan, the
    co-chair said.

    As the Kazakhstani side says they need Armenian goods, Avetisyan said
    adding that Armenia, in its turn, needs Kazakhstani high-quality grain,
    fertilizers, machines, and metallic structures.
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