ARMENIA REPORTS 46 PERCENT TRADE GROWTH WITH TURKEY

Armenpress

YEREVAN, NOVEMBER 3, ARMENPRESS: Armenia’s foreign trade in
January-September of 2006 rose 12. 1 percent to $2.208.2 billion in
real prices.

According to the latest figures of the National Statistical Committee,
Armenian exports made $699.4 million while exports surged to $1.508.7
billion resulting in an impressive foreign trade imbalance of $809.3
million. Humanitarian assistance deducted the foreign trade gap was
$772.5 million.

Nearly 29 percent of foreign trade fell on former Soviet
republics. Russia with 13.3 percent remained Armenia’s biggest trade
partner in the Commonwealth of Independent States (CIS). The share
of foreign trade with members of the European Union rose top 34
percent. Germany and Belgium were Armenia’s biggest trade partners
in the European Union with 9.6 and 7.7 percent respectively.

Growth of trader with Russia was 18.1 percent and with EU members
12 percent. Trade with USA and Israel declined 3.6 and 10.2 percent
respectively, but trade with Turkey rose 46 percent making nearly 3
percent of Armenia’s overall foreign trade.

Exports in year-over-year terms declined 0.9 percent, prompted
largely by decrease in exports of items produced from precious and
semi-precious metals while imports sprang nearly 20 percent.