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Armenia's Foreign Trade Turnover With Russia Grows 70.3% To $177.4Ml

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  • Armenia's Foreign Trade Turnover With Russia Grows 70.3% To $177.4Ml

    ARMENIA'S FOREIGN TRADE TURNOVER WITH RUSSIA GROWS 70.3% TO $177.4MLN IN JAN-APR 2007

    Arka News Agency, Armenia
    June 1 2007

    YEREVAN, May 31. /ARKA/. Armenia's foreign trade turnover with Russia
    grew 70.3% and made $177.4mln in January-April 2007, Armenia's National
    Statistical Service reported.

    Exports from Armenia to Russia totaled $64.8mln (20% of the overall
    exports from Armenia) in the period - a 2.87-time increase as compared
    with January-April 2006.

    Imports to Armenia produced in Russia made $112.7mln in the period
    - a 38% increase. The total imports from Russia made $173.7mln (a
    1.74-time increase) or 20% of the overall imports.

    According to the statistics, 14.9% of the overall foreign trade
    turnover of Armenia falls to the share of Russia, which is the
    highest share among other countries. CIS countries provided 33.6%
    of Armenia's foreign trade turnover as compared to 29.3% in the same
    period of the previous year.

    The total volume of foreign trade turnover of Armenia increased 42.2%
    against January-April 2006 and made $1,193.6mln. The exports totaled
    $323.1mln and imports made $870.6mln in the period.
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