AMOUNT OF NKR FOREIGN TRADE TURNOVER INCREASED BY 75%

DeFacto Agency
April 10 2008
Armenia

YEREVAN, 10.04.08. DE FACTO. In 2007 the amount of the Nagorno-Karabakh
Republic foreign trade turnover made $ 277 million 392, 9 thousand,
which exceeds the level of 2006 by 75 %.

According to the information DE FACTO received at the NKR National
Statistic Service today, export had made $ 72 million 549, 6 thousand
(growth is 60 %), import – $ 204 million 843, 3 thousand (growth is
81 %).

Deficit of trade balance increased by 95 % as compared with 2006 and
made $ 132 million 293, 8 thousand.

In 2007 the amount of the NKR foreign trade turnover with the CIS
countries made $ 260 million 894, 8 thousand, or 94, 1 % of total
turnover. To note, $ 257 million 735 thousand (92, 9 % of the sum)
fall to the share of the RA.

In the total amount of export 47, 3 % make raw materials, 28, 8 % –
gems and semi-precious stones, precious metals and articles made of
them, and 10, 2 % – foodstuffs.

In import’s structure 23, 8 % make raw materials, 17, 6 % – foodstuffs,
10, 8 % – production of vegetable origin, and 9, 6 % – cars, equipment
and mechanisms.