EXPORTS FROM ARMENIA GROW BY 22.8%, IMPORTS – BY 45.7% IN JANUARY-SEPTEMBER 2007 ON SAME PERIOD OF LAST YEAR

Noyan Tapan
Nov 5, 2007

YEREVAN, NOVEMBER 5, NOYAN TAPAN. In January-September 2007, Armenia’s
foreign trade made 1 trillion 59.5 billion drams or 3 bln 30 mln
USD in current prices, including exports of 291.9 bln drams or 835.4
mln USD and imports of 767.6 bln drams or 2 bln 194.6 mln USD. The
foreign trade balance was negative by 475.8 bln drams (1 bln 359.3
mln USD), the balance without cargos received as humanitarian aid –
by 455.7 bln drams (1 bln 302.3 mln USD).

According to the RA National Statistical Service, in January-September
2007, exports grew by 22.8%, imports – by 45.7% on the same period
of last year.

In the first nine months of 2007, exports from Armenia to CIS
countries amounted to 250 mln 253.1 thousand USD, growing by 78.4%
on the same period of 2006, while imports made 619 mln 532.7 thousand
USD, growing by 58.1%.

Exports to Russia made 138 mln 900.1 thousand USD, growing by 77.9%,
imports – 390 mln 103 thousand USD, growing by 58.5%. Exports to
Georgia made 63 mln 72.8 thousand USD (58.5% growth), imports – 86
mln 337.1 thousand USD (71.2% growth); exports to Ukraine – 35 mln
153.3 thousand USD (158% growth), imports – 121 mln 833.7 thousand USD
(56.6% growth).

Exports to EU countries amounted to 409 mln 79.2 thousand USD in
January-Septemer 2007, growing by 20.1% on the same months of last
year, imports – to 675 mln 188.7 thousand USD, growing by 40%. Exports
to Belgium made 70 mln 5 thousand USD (8% decline), imports – 121 mln
59 thousand USD (5.3% growth); exports to Bulgaria – 24 mln 330.5
thousand USD (181.2% growth), imports – 20 mln 313.4 thousand USD
(60.2% growth); exports to Germany – 126 mln 8.6 thousand USD (12.3%
growth), imports – 77 mln 61.4 thousand USD (25.7% growth). Exports
to France made 6 mln 404.2 thousand USD (133.7% growth), imports –
48 mln 371.9 thousand USD (83.1% growth); exports to Greece – 2 mln
349 thousand USD (284.7% growth), imports – 53 mln 265.6 thousand USD
(5.8% growth). In the indicated period, exports from Armenia to Italy
made 23 mln 687.3 thousand USD (10.6% growth), imports – 64 mln 547.8
thousand USD (9.8% growth); exports to the Netherlands made 114 mln
832.3 thousand USD (26.3% growth), imports – 25 mln 406.7 thousand USD
(54.6% growth); exports to the UK – 1 mln 613.4 thousand USD (62.9%
fall), imports – 92 mln 282.7 thousand USD (62% growth), exports to
Spain – 15 mln 191.2 thousand USD (22.4% growth), imports – 8 mln
697.2 thousand USD (71.9% growth).

Exports to other countries (except CIS and EU countries) made 176
mln 31.6 thousand USD (11.8% fall), imports – 899 mln 698.9 thousand
USD (42.4% growth) in January-September 2007, including exports to
Israel – 16 mln 915.3 thousand USD (72% fall), imports – 29 mln 98.8
thousand USD (58.4% fall); exports to the US – 35 mln 144.8 thousand
USD (17.9% fall), imports – 148 mln 579.4 thousand USD (52,1% growth);
exports to the UAE – 4 mln 947.4 thousand USD (34.1% growth), imports –
195 mln 313.6 thousand USD (123.3% growth); exports to Iran – 27 mln
954.4 thousand USD (22.5% growth), imports – 93 mln 957.9 thousand
USD (5.7% growth); exports to Turkey – 2 mln 210.4 thousand USD
(34.6% growth), imports – 78 mln 836.7 thousand USD (38.4% growth):
exports to Switzerland – 45 mln 331.5 thousand USD (5.1% growth),
imports – 54 mln 905.7 thousand USD (10.7% fall); exports to China
– 2 mln 197.4 thousand USD (384.6% growth), imports – 51 mln 500.2
thousand USD (49.3% growth). No goods were exported from Armenia to
Panama in January-September 2007, imports from this country made 66
mln 238 thousand USD (18.9% growth).