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Armenia's Trade With Turkey Rises 23%

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  • Armenia's Trade With Turkey Rises 23%

    ARMENIA'S TRADE WITH TURKEY RISES 23 PERCENT

    ARMENPRESS
    Aug 31, 2007

    YEREVAN, AUGUST 31, ARMENPRESS: Armenia's foreign trade in January-July
    of 2008 rose to $2.263 billion.

    Exports rose 21 percent from a year ago to $631 million, while imports
    rose 44.5 percent to $1.632 billion.

    The National Statistical Service said the trade deficit rose beyond
    $1 billion.

    It said also 32 percent of trade fell on former Soviet republics. The
    biggest share of 15 percent or $331 million, was with Russia. Ukraine
    was the second biggest trade partner among former Soviet republics
    with $144 million.

    The trade with CIS countries rose 55 percent.

    Trade with EU members rose 34 percent to almost 39 percent of all
    foreign trade. The biggest trade partner was Germany-$210 million or
    10 percent, Belgium was second with $127 million or 6 percent.

    Armenia's trade with Turkey with which it has no diplomatic relations,
    rose 23 percent to $58 million.

    Share of trade with Turkey made 2.6 percent, it was 5 percent with
    the USA and 4 percent with China.
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