Armenia’s trade turnover with Russia down in 2004

Arminfo
6 Aug 04

YEREVAN

Armenia’s trade turnover with Russia fell by 25.1 per cent in the
first half of 2004 and totalled 111.9m dollars, Armenian Trade and
Economic Development Minister Karen Chshmarityan told a news
conference today.

Exports fell by 7.8 per cent and reached 37.2m dollars, while the
import of Russian goods fell by 31.5 per cent and totalled 74.6m
dollars, Chshmarityan said.

At the same time, in the reported period the unfavourable balance of
trade between Armenia and Russia fell from 68.5m dollars to 37.4m
dollars, he said. Following the six-month results, after Belgium,
Russia is Armenia’s second trade partner, he said.