ARMENIAN EXPORTS GROW BY 27.1%, IMPORTS BY 48.8% IN JANUARY-APRIL 2007 ON SAME MONTHS OF LAST YEAR

Noyan Tapan
Jun 08 2007

YEREVAN, JUNE 8, NOYAN TAPAN. In January-April 2007, foreign trade of
Armenia made 430 bln 302.1 mln drams or 1 bln 193.6 mln USD, including
exports of 116 bln 406.2 mln drams or 323.1 mln USD and imports of 313
bln 895.9 mln drams or 870.5 mln USD. The foreign trade balance was
negative by 197 bln 489.7 mln drams (547.5 mln USD), that without
goods received as humanitarian iad – by 187 bln 225.7 mln drams
(519.2 mln USD).

According to the RA National Statistical Service, in January-April
2007, exports grew by 27.1% on the same period of 2006, imports –
by 48.8%.

In the first four months of 2007, exports to CIS countries made
102,4 mln USD (114.8% growth on the same period of 2006), imports –
258.5 mln USD (61.3% growth), including exports to Russia – 64.8 mln
USD (187%), imports from Russia – 173.7 mln USD (73.6%); exports to
Georgia – 21.3 mln USD (24% growth), imports from Georgia – 34.1 mln
USD (83.4% growth).

Exports to EU countries made 151.8 mln USD (10% growth), imports –
262.7 mln USD (44.2% growth), including exports to Belgium – 27.8 mln
USD (20.4% decline), imports – 50.7 mln USD (2.9% growth); exports
to Germany – 49.5 mln USD (18.3% decline), imports – over 30 mln USD
(11.6% growth); exports to the Netherlands – 35.9 mln USD (11.7%
decline), imports – 8.8 mln USD (54% growth).

Exports to Israel made 11.5 mln USD (55.2% decline), imports – over
17.4 mln USD (45.4% decline); exports to the US – 14.5 mln USD (22.1%
growth), imports – 60.6 mln USD (73.2% growth).