EXPORTS FROM ARMENIA GROW BY 18.6%, IMPORTS INTO COUNTRY – BY 46.2% IN JANUARY-OCTOBER 2007 ON SAME PERIOD OF 2006

Noyan Tapan
Dec 14, 2007

YEREVAN, DECEMBER 14, NOYAN TAPAN. The foreign trade of Armenia made 1
trillion 201.3 billion drams or 3 bln 458.1 mln USD (in current prices)
in January-October 2007, including exports of 326.3 bln drams or 939.4
mln USD and imports of 875 bln drams or 2 bln 518.7 mln USD. The
foreign trade balance was negative by 548.8 bln drams (1 bln 579.4
mln USD), the balance without cargos received as humanitarian aid
was negative by 527.4 bln drams (1 bln 518.8 mln USD).

According to the RA National Statistical Service, exports grew by
18.6%, imports – by 46.2% in January-October 2007 on the same period
of last year.

Exports from Armenia to CIS countries made 282 mln 885.3 thousand USD
in January-October 2007, growing by 72.1% on the same period of 2006,
while imports amounted to 705 mln 448.5 thousand USD, growing by 56.5%.

Exports to Russia made 158 mln 171 thousand USD in the first ten
months of 2007 (69.2% growth), imports from Russia made 441 mln
594.5 thousand USD (55.9% growth). Exports to Georgia made 71 mln
543 thousand USD (62.2% growth), imports – 98 mln 910.9 thousand USD
(72.4% growh). Exports to Ukraine amounted to 36 mln 951.7 thousand USD
(120.7% growth), imports from Ukraine – to 140 mln 991.8 thousand USD
(54.3% growth).

Exports to EU countries made 460 mln 480 thousand USD in
January-October 2007, increasing by 17.3% on the same period of last
year, while imports from EU countries made 767 mln 367.2 thousand USD,
growing by 39.8%.

Exports to Belgium made 82 mln 821.9 thousand USD (11.9% decline),
imports – 134 mln 339.1 thousand USD (4.8% growth). Exports to Bulgaria
made 32 mln 357.6 thousand USD (13,207.3% growth), imports – 22 mln
950.6 thousand USD (44.7% grwoth). Exports to Germany – 138 mln 779
thousand USD (8.2% growth), imports – 86 mln 447.8 thousand USD (28.7%
growth). Exports to France made 7 mln 261.5 thousand USD (118.6%
growth), imports – 54 mln 498.9 thousand USD (87.9% growth). Exports
to Greece – 2 mln 497.3 thousand USD (303% growth), imports – 54 mln
547.1 thousand USD (7.9% decline).

Goods of 25 mln 892.1 thousand USD were exported from Armenia to Italy
in January-October 2007 (7.9% growth), while imports made 76 mln 356
thousand USD (18.7% growth). Exports to the Netherlands made 128 mln
614.5 thousand USD (25.5% growh), imports – 29 mln 257.2 thousand USD
(59% growth).

In the indicated period, exports to Great Britain amounted to 1 mln
685.9 thousand USD (62% decline), imports – to 101 mln 369.8 thousand
USD (53% growth). Exports to Spain made 15 mln 413.6 thousand USD
(12% decline), imports – 10 mln 360.9 thousand USD (78.9% growth).

Exports to other countries (besides CIS and EU countries) made 195
mln 991.6 thousand USD (16.7% decline), imports – 1 bln 45 mln 895.6
thousand USD (44.6% growth) in January-October 2007, including exports
to Israel – 19 mln 205.2 thousand USD (72.5% decilne), imports – 30
mln 824.3 thousand USD (58.5% decline); exports to the U.S. – 40 mln
209.9 thousand USD (22.1% decline), imports – 169 mln 130.8 thousand
USD (53.3% growth); exports to the UAE – 5 mln 646.2 thousand USD
(34.2% growth), imports – 238 mln 624.1 thousand USD (130.1% growth);
exports to Iran – 32 mln 382.7 thousand USD (28.2% growth), imports –
107 mln 822.8 thousand USD (5.7% growth); exports to Turkey – 2 mln
413.3 thousand USD (38.3% growth), imports – 94 mln 247.1 thousand USD
(42.6% growth); exports to Switzerland – 45 mln 768.8 thousand USD
(15.1% decline), imports – 63 mln 436.8 thousand USD (6.2% decline);
exports to China – 5 mln 702.4 thousand USD (1,139.7% growth),
imports – 61 mln 394.4 thousand USD (42.4% growth).

No goods were exported to Armenia to Panama in January-October 2007,
while imports from this country made 75 mln 905.4 thousand USD
(19.3% growth).