ARMENIA’S FOREIGN TRADE TURNOVER WITH EU MEMBER COUNTRIES GROWS 23.9% TO $1,625.6 MILLION

ARKA
Dec 2, 2008

YEREVAN, December 2. /ARKA/. Armenia’s foreign trade turnover with
EU member countries grew 23.9% in Jan/Oct 2008, compared with the
same period a year earlier, and reached $1,625.6 million, National
Statistical Service of Armenia reports.

According to the statistical report, trade turnover with European
Union made 36% of Armenia’s foreign trade turnover in Jan/Oct 2008.

Armenia’s exports to EU countries amounted to $517 million (54.9%
of total export) after growing 13.5% in Kan/Oct 2008, compared with
the same period of the previous year.

Imports from EU countries amounted to $949 million (24.2% growth)
or 26.5% of total import.

EU-made imports totaled $1,108.6 million after growing 29.5%.

German, with 8.3% or $373.2 million share in total import, was the
biggest importer in Armenia among EU countries.

Belgium was the second largest importer with its 3.6%. Then come
Bulgaria (3.4%) and the Netherlands (3.2%).

Armenia’s total foreign trade turnover has grown 31.5% over the period
between January and October 2008, compared with the same period of
2007, and reached $4,520.1 million. Exports amounted to $941.2 million
and imports $3,579.2 million.