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Armenia Considers Russia Its Main Trading Partner

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  • Armenia Considers Russia Its Main Trading Partner

    ARMENIA CONSIDERS RUSSIA ITS MAIN TRADING PARTNER

    Vestnik Kavkaza
    June 1 2011

    Russia covered 21.4% of Armenian foreign trade in January-April,
    the National Statistics Service of Armenia said, News Armenia reports.

    CIS states covered 29.2% of Armenian foreign trade, while EU states
    amounted to 33.2%.

    Armenian trade with Russia increased by 13.1% in January-April,
    compared with the same period in 2010, reaching $338.9 million.

    Armenia exported products worth $52.9 million (14.2% of export) to
    Russia in January-April, which is a 44.7% surplus, compared with the
    same period in 2010.

    Armenia imported products worth $285.9 million made in Russia, a
    surplus of 8.7%. Products worth $224.5 million were imported from
    Russia (+ 13.1%), or about 18.6% of total import.

    Armenian foreign trade turnover increased by 14.6% in January-April
    2011, compared with the same period in 2010, reaching $1.6 billion.

    Exports reached $373.4 million, imports - $1209.5 million.


    From: Baghdasarian
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