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Armenia's Foreign Trade Grows 14% To $887.2 Mln In Jan-Feb 2013

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  • Armenia's Foreign Trade Grows 14% To $887.2 Mln In Jan-Feb 2013

    ARMENIA'S FOREIGN TRADE GROWS 14% TO $887.2 MLN IN JAN-FEB 2013

    YEREVAN, April 2. /ARKA/. Foreign trade turnover in Armenia ascended
    by 14% to $887.2 million in January-February 2013, from the analogical
    period a year earlier, according to the National Statistical Service
    of Armenia.

    Export within the reported period stood at $241.3 million, a 30.4%
    increase from a year earlier. Import climbed by 8.9% to $645.9 million.

    As a result, the deficit stood at $404.6 million in January-February
    2013.

    According to preliminary statistical reports, adverse balance of
    Armenia's foreign trade turnover in FOB prices (a shipping term which
    indicates that the supplier pays the shipping costs, and usually also
    the insurance costs, from the point of manufacture to a specified
    destination, at which point the buyer takes responsibility) amounted
    to $305.1 million in January-February 2013.

    Most of exports accounted for the following spheres: mining industry-
    $72.6 million (39.9% up from Jan-Feb 2012), base metals and items made
    of them-$55.3 million (15.9% up), food products -$43.2 million (52.6%
    increase), precious and semiprecious stones- nearly $27.5 million
    (15.3% increase), ground, air and water transportation facilities-$15.9
    million (45.6 times up), etc.

    At the same time, most of imports accounted for the following spheres:
    mining industry-$177.5 million (8.4% increase), cars, equipment and
    mechanisms- nearly $65.7 million (6.8% drop), food products-$59.7
    million (64.2% up), air and water transportation facilities-$46.3
    million (24.2% down), etc. ($1 - 418.58 drams). -0-


    From: Baghdasarian
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