EXPORTS FROM ARMENIA DECLINE BY 4.5%, IMPORTS INTO COUNTRY GROW BY 39.5% IN JANUARY-NOVEMBER 2008

Noyan Tapan

Jan 14, 2008

YEREVAN, JANUARY 14, NOYAN TAPAN. The foreign trade of Armenia amounted
to 1 trillion 526 billion drams or 4 bln 992.6 mln USD in current
prices in January-November 2008, including exports of 1 bln 7.6 mln
USD and imports of 3 bln 985 mln USD. The foreign trade balance was
negative by 910 bln drams (2 bln 977.4 mln USD), the same balance
without cargos received as humanitarian aid was negative by 892.4
bln drams (2 bln 919.7 mln USD).

According to the RA National Statistical Service, exports declined
by 4.5%, imports grew by 39.5% in January-November 2008 on the same
period of 2007.

Exports from Armenia to CIS countries amounted to 317 mln 109 thousand
USD in January-November 2008, falling by 2.6% on the same period of
the previous year, while imports from CIS countries made 1 bln 35
mln 145.6 thousand USD, increasing by 30.2%.

Exports to EU countries made 548 mln 364.1 thousand USD in the
indicated period, growing by 7.2% on the same period of 2007, imports
made 1 bln 66 mln 544.5 thousand USD, growing by 22.7%.