ARMENIAN-RUSSIAN TRADE TURNOVER TOTALS $ 102.7 MLN IN JAN-FEB 2008

ARKA
March 31, 2008

YEREVAN, March 31. /ARKA/. Armenian-Russian trade turnover totaled
$102.7mln in January-February 2008 – 19.7% increase.

Armenian exports to Russia amounted to $27.1mln (18.9% of Armenia’s
total exports) in the reporting period – 0.4% decrease compared with
January-February 2007.

Russian imports to Armenia totaled $75.6mln in January-February 2008
– 29.1% increase compared with the corresponding period. At the same
time, Russia’s imports totaled AMD 113.5mln (23.9% increase) or 20.9%
of total imports.

According to the RA National Statistical Service (NSS), Armenia’s share
in Russia’s foreign trade turnover was 15% in January-February 2008.

Thus, Russia remains number one trade partner for Armenia.

The share of the CIS in Armenia’s trade turnover was 34.3% in
January-February 2008 (against 37.2% in the corresponding period in
2007) or $233.5mln – 14.5% increase.

Armenia’s foreign trade turnover increased by 24.3% to $687mln in
the reporting period. Exports and imports totaled AMD $143.6mln and
$543.4mln respectively.