EXPORTS FROM ARMENIA DECLINE BY 0.8%, IMPORTS INTO COUNTRY GROW BY 40.3% IN JANUARY-JUNE 2008 ON SAME PERIOD OF 2007

Noyan Tapan

Au g 22, 2008

YEREVAN, AUGUST 22, NOYAN TAPAN. The foreign trade of Armenia
made 747.6 bln drams or 2 bln 428.6 mln USD in current prices in
January-June 2008, including exports of 160.2 bln drams or 520.7 mln
USD and imports of 587.1 bln drams or 1 bln 907.9 mln USD. The foreign
trade balance was negative by 426.9 bln drams (1 bln 387.2 mln USD),
the foreign trade balance without goods received as humanitarian aid
was negative by 418.2 bln drams (1 bln 359 mln USD).

According to the RA National Statistical Service, exports from Armenia
declined by 0.8% in January-June 2008 on the same period of 2007,
while imports grew by 40.3%.

Exports from Armenia into CIS countries made 154 mln 459.8 thousand
USD, declining by 5.1% in January-June 2008 on the same months of 2007,
imports from CIS countries into Armenia made 517 mln 430.3 thousand
USD, growing by 34.4%.

Exports from Armenia to EU countries amounted to 301 mln 701.5 thousand
USD in January-June 2008, growing by 19.6% on the same period of 2007,
while imports from EU countries made 542 mln 544.9 thousand USD,
growing by 32%.