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ARMENIA'S FOREIGN TRADE BALANCE LEAVES TO BE DESIRED
news.am
Nov 1 2010
Armenia
Armenia is far behind the other CIS member-countries in terms of
foreign trade balance. This January-July, Armenia's unfavorable
foreign trade balance reached U.S. $1.7 billion. Belarus ranks 2nd
(U.S. $4.2 billion), followed by Ukraine (U.S. $3.4 billion). However,
the two countries' foreign trade turnover is several dozen tomes as
much as that of Armenia.
Russia, Kazakhstan and Azerbaijan registered favorable foreign trade
balance. Specifically, Russia's favorable foreign trade balance
totaled U.S. $105 billion - a record figure throughout the country's
history. It is 62% more than in the corresponding period last year.
The main reason is the rise in oil prices. Azerbaijan registered
favorable foreign trade balance of U.S. $8.5 against U.S. $3.8 billion
last year.
From: A. Papazian
news.am
Nov 1 2010
Armenia
Armenia is far behind the other CIS member-countries in terms of
foreign trade balance. This January-July, Armenia's unfavorable
foreign trade balance reached U.S. $1.7 billion. Belarus ranks 2nd
(U.S. $4.2 billion), followed by Ukraine (U.S. $3.4 billion). However,
the two countries' foreign trade turnover is several dozen tomes as
much as that of Armenia.
Russia, Kazakhstan and Azerbaijan registered favorable foreign trade
balance. Specifically, Russia's favorable foreign trade balance
totaled U.S. $105 billion - a record figure throughout the country's
history. It is 62% more than in the corresponding period last year.
The main reason is the rise in oil prices. Azerbaijan registered
favorable foreign trade balance of U.S. $8.5 against U.S. $3.8 billion
last year.
From: A. Papazian