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SHARE OF EQUIPMENT AND COMMODITIES IN ARMENIAN IMPORTS RISING: ECONOMY MINISTER
/ARKA/
JUNE 24, 2011
YEREVAN
YEREVAN, June 24. / ARKA /. Armenian economy minister Tigran Davtian
said today the share of equipment and commodities in Armenian imports
was rising and described the trend as positive.
Speaking at a news conference he said when the share of equipment and
industrial commodities in imports is rising it is positive, and this
trend has been seen clearly over the last months. Imports of mining
equipment and products in January-April 2011 rose to a total of 246.3
million drams, a 16.8% rise compared to the same period of 2010.
The minister also noted that although the foreign trade gap in absolute
terms has formally increased, the growth in exports is higher than
in imports.
"The negative trend is dropping to zero, and if it continues, the
deficit in absolute terms will stop rising," he said.
Armenia's foreign trade turnover in May this year rose to $474.7
million, or 177.2 billion drams, having increased by 23% compared
to May 2010. The volume of exports totalled $114.3 million (42.8
billion drams), an increase of 39.7% over the same period in 2010,
and imports rose to $360.4 million (134.4 billion AMD), an increase
of 18.5% from a year earlier. As a result, the negative trade balance
in May 2011 was $246.1 million (91.6 billion drams).
/ARKA/
JUNE 24, 2011
YEREVAN
YEREVAN, June 24. / ARKA /. Armenian economy minister Tigran Davtian
said today the share of equipment and commodities in Armenian imports
was rising and described the trend as positive.
Speaking at a news conference he said when the share of equipment and
industrial commodities in imports is rising it is positive, and this
trend has been seen clearly over the last months. Imports of mining
equipment and products in January-April 2011 rose to a total of 246.3
million drams, a 16.8% rise compared to the same period of 2010.
The minister also noted that although the foreign trade gap in absolute
terms has formally increased, the growth in exports is higher than
in imports.
"The negative trend is dropping to zero, and if it continues, the
deficit in absolute terms will stop rising," he said.
Armenia's foreign trade turnover in May this year rose to $474.7
million, or 177.2 billion drams, having increased by 23% compared
to May 2010. The volume of exports totalled $114.3 million (42.8
billion drams), an increase of 39.7% over the same period in 2010,
and imports rose to $360.4 million (134.4 billion AMD), an increase
of 18.5% from a year earlier. As a result, the negative trade balance
in May 2011 was $246.1 million (91.6 billion drams).