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  • Armenia posts wider trade deficit

    ARMENIA POSTS WIDER TRADE DEFICIT

    RosBusinessConsulting, Russia
    Aug. 8, 2006

    RBC, 08.08.2006, Yerevan 14:58:16.Armenia's trade deficit stood at
    $513.5m (228.2bn drams) in January-June 2006, 45.5 percent broader that
    in the same period in 2005. As reported by the National Statistics
    Service of the Republic of Armenia, net of humanitarian aid, this
    indicator amounted to $484.5m (215.6bn drams).

    Armenia's foreign trade increased 12.6 percent to about $1.389
    (614.9bn drams) in the first six months of 2006, year-on-year,
    ARMINFO reported. Exports shrank 0.6 percent to $437.7m (193.3bn
    drams), imports rose 19.9 percent to $951.2m (421.6bn drams).

    Trade with the EU equaled $496.1m (up 14.6 percent), the trade deficit
    with the EU - $43.3m. Trade with countries outside the EU amounted
    to $494.4m, the trade deficit - $249.2m.
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