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Armenian Commodity Turnover With Russia Increased By 12.4%

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  • Armenian Commodity Turnover With Russia Increased By 12.4%

    ARMENIAN COMMODITY TURNOVER WITH RUSSIA INCREASED BY 12.4%

    Regnum, Russia
    July 3 2006

    Armenian commodity turnover has increased by 9.7% and totaled $1.1bn
    for the first 5 months of 2006, compared with the same period of
    2005. Of the total, exports amounted to $339.1mln (decrease by 4.6%)
    and imports - to $768.3mln (increase by 17.4%). As REGNUM was informed
    at the Armenian National Statistical Service, credit balance deficit
    totaled $429.3mln and $415.4mln without humanitarian aid.

    Commodity turnover with the CIS countries amounted to $318mln, or
    28.7% of the total, a 22-percent increase compared to January-May,
    2005. Commodity turnover with Russia amounted to $137.7mln (12.4%
    increase), with the EU countries - $406.8mln (17.7% increase), with
    the USA - $49.5mln (8.5% decrease). Within the accounting period,
    Armenia exported to the CIS countries goods $60.3mln worth, of which
    to Russia - $29.4mln worth.

    $278.7mln worth produce was exported to other countries, of which
    $184.2mln worth to the EU countries and $19.9% worth into the USA.

    For the first 5 months of the period, goods $257.5mln worth were
    imported to Armenia from the CIS countries, of which $108.3mln worth
    from Russia, $222.6mln worth from the EU, and $29.6 worth from the USA.
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