ARMENIA POSTS WIDER TRADE DEFICIT

RosBusinessConsulting, Russia
Aug. 8, 2006

RBC, 08.08.2006, Yerevan 14:58:16.Armenia’s trade deficit stood at
$513.5m (228.2bn drams) in January-June 2006, 45.5 percent broader that
in the same period in 2005. As reported by the National Statistics
Service of the Republic of Armenia, net of humanitarian aid, this
indicator amounted to $484.5m (215.6bn drams).

Armenia’s foreign trade increased 12.6 percent to about $1.389
(614.9bn drams) in the first six months of 2006, year-on-year,
ARMINFO reported. Exports shrank 0.6 percent to $437.7m (193.3bn
drams), imports rose 19.9 percent to $951.2m (421.6bn drams).

Trade with the EU equaled $496.1m (up 14.6 percent), the trade deficit
with the EU – $43.3m. Trade with countries outside the EU amounted
to $494.4m, the trade deficit – $249.2m.