ARMENIA’S FOREIGN TRADE TURNOVER WITH RUSSIA GROWS 70.3% TO $177.4MLN IN JAN-APR 2007

Arka News Agency, Armenia
June 1 2007

YEREVAN, May 31. /ARKA/. Armenia’s foreign trade turnover with Russia
grew 70.3% and made $177.4mln in January-April 2007, Armenia’s National
Statistical Service reported.

Exports from Armenia to Russia totaled $64.8mln (20% of the overall
exports from Armenia) in the period – a 2.87-time increase as compared
with January-April 2006.

Imports to Armenia produced in Russia made $112.7mln in the period
– a 38% increase. The total imports from Russia made $173.7mln (a
1.74-time increase) or 20% of the overall imports.

According to the statistics, 14.9% of the overall foreign trade
turnover of Armenia falls to the share of Russia, which is the
highest share among other countries. CIS countries provided 33.6%
of Armenia’s foreign trade turnover as compared to 29.3% in the same
period of the previous year.

The total volume of foreign trade turnover of Armenia increased 42.2%
against January-April 2006 and made $1,193.6mln. The exports totaled
$323.1mln and imports made $870.6mln in the period.