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Armenia's negative balance of trade with CIS countries is more than
double with that of Europe
September 07, 2013 | 11:28
YEREVAN. - The volume of Armenia's trade with CIS and EU countries was
virtually the same last year, with the difference being a mere $13
million
But the import and export volumes differed quite substantially.
Armenia's negative balance of foreign trade with EU countries made up
$564,700,000, whereas that with CIS countries comprised
$1,001,200,000.
To note, natural gas being supplied to Armenia accounts for more than
half of the volume of goods that are imported from Russia. And the
latter is the leading from among the countries of the CIS, as the
trading partner of Armenia.
The prices likewise impact the liveliness of the volume of foreign
trade. If we take December 2007 as basis, the prices changes in
December of last year were as follows:
The prices went up in CIS countries by 19.2 percent and 9.5 percent in
imports and exports, respectively. In the case of EU countries, the
average import prices rose by 21.9 percent, whereas export prices
reduced by 19.2 percent.
News from Armenia - NEWS.am
double with that of Europe
September 07, 2013 | 11:28
YEREVAN. - The volume of Armenia's trade with CIS and EU countries was
virtually the same last year, with the difference being a mere $13
million
But the import and export volumes differed quite substantially.
Armenia's negative balance of foreign trade with EU countries made up
$564,700,000, whereas that with CIS countries comprised
$1,001,200,000.
To note, natural gas being supplied to Armenia accounts for more than
half of the volume of goods that are imported from Russia. And the
latter is the leading from among the countries of the CIS, as the
trading partner of Armenia.
The prices likewise impact the liveliness of the volume of foreign
trade. If we take December 2007 as basis, the prices changes in
December of last year were as follows:
The prices went up in CIS countries by 19.2 percent and 9.5 percent in
imports and exports, respectively. In the case of EU countries, the
average import prices rose by 21.9 percent, whereas export prices
reduced by 19.2 percent.
News from Armenia - NEWS.am