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Negative Trade Balance In First Eight Months Amounts To $481 Million

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  • Negative Trade Balance In First Eight Months Amounts To $481 Million

    NEGATIVE TRADE BALANCE IN FIRST EIGHT MONTHS AMOUNTS TO $481 MILLION

    Armenpress
    Oct 06, 2005

    YEREVAN, OCTOBER 6, ARMENPRESS: Armenia's foreign trade in the first
    eight months of the year amounted to $1.689 billion. Exports made
    $603.77 million and imports reached $1.085 billion. The negative
    trade balance was $481.65 million. Not counting humanitarian aid it
    was $456.09 million.

    Foreign trade growth rate from a year before was 31.4 percent. Twenty
    percent of the overall foreign trade was with CIS member countries,
    of which 13.6 percent with Russia, 3.1 percent with Ukraine and almost
    3 percent with Georgia. Another 39.2 percent was with EU members,
    of which 11.5 percent with Belgium, 9.8 percent with Germany and 5
    percent with the Netherlands.

    Trade with Israel was 8.7 percent, USA-6.4 percent, and Iran -4.4
    percent.
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