RosBusinessConsulting Database
November 2, 2004 Tuesday

Armenia posts its foreign trade

The trade volume between Armenia and Russia dropped 15.5 percent in the
first nine months of 2004 compared to the corresponding period last
year and reached $186.6m, the Armenian National Statistics Service
reported. Armenian exports to Russia decreased 10.3 percent while
imports lost 17.6 percent in the reported period. The negative trade
balance was $71.5m.

Armenia’s trade with CIS members was $299.7m in January to September
2004, which was 20.2 percent of the total volume of foreign trade.
Exports to CIS members were $86.9m compared to $212.7m in imports.

The total foreign trade volume increased 3.1 percent in the first nine
months of 2004 against the same period in 2003 and amounted to about
$1.486bn. The share of the European Union in the structure of Armenia’s
foreign trade was 36.9 percent ($548.8m).

Major importers from Armenia are Belgium, Israel, Russia, the USA and
Germany.