Foreign trade turnover in January-May 2011 increased by 16.4%

[Babajanian Karo]

Foreign trade turnover in January-May 2011 increased by 16.4% in
Armenia to $2.1 billion


YEREVAN, July 1. /ARKA/. In January-May 2011 volume of foreign trade
turnover increased by 16.4% in Armenia making 760.7 billion drams or
about $2.1 billion compared with 2010, Armenian National Statistic
Service informs.Export volume was $487.7 million increased by 30.8%,
import - $1569.9 million increased by 12.6%.

In its result, negative balance of foreign trade turnover was $1082.3
million and without cargo received as humanitarian aid - $1055.3
million.

Negative balance of foreign trade turnover in prices FOB (terms of
delivery of goods when the seller pays the expenses of transportation,
insurance and customs and expenses till the moment of delivery of the
goods on the board of ship - ARKA) - $840.5 million.

More important articles of export and import in the reporting period
were introduced in the following groups of goods: `mining industry ' -
$161.8 million (increase by 55.1% compared with January-May 2010),
`non-precious metals and goods' - $159.9 million (increase by 25.4%),
`precious metals and goods, semi-precious stones' - $58.7 million
(increase by 4.5%), `ready products for food industry' - $57.7 million
(increase by 40.7%), etc.

Import of products of such groups of goods as `mining industry ' -
$311.3 million (increase by 21.2% compared with January-May 2010),
`ground, air and water transport means' - $161.9 million (increase by
47%), `non-precious metals and goods' - $133.1 million (increase by
2.1%), `goods of vegetable production' - $111.3 million (increase by
49.9%), `ready food products' - $114.3 million (increase by 9.1%)
increased. In the groups of goods `machines, equipment and mechanisms'
decline by 15% to $208.7 million was registered. ($1-368.86 drams).
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