BY THE END OF JULY 2009 UNFAVORABLE BALANCE OF TRADE IN ARMENIA – $1309 MLN OR 32% OF GDP

ArmInfo
2009-08-20 20:44:00

ArmInfo. By the end of July 2009, the unfavorable balance of trade in
Armenia made up $1309 mln or 32% of GDP. According to the preliminary
data, the Armenian National Statistical Service provided ArmInfo,
Armenia’s foreign trade turnover made up $2013.4 mln (707,9 bln AMD),
having decreased by 32.7%, if compared with the same period of 2008,
and increased by 1,6% in July as against June.

In the structure of the foreign trade turnover export made up $352,2
mln (124.8 bln AMD) having decreasing by 44,5% in Jan-July 2009
and increased by 15,6% if compared with June 2009. The import volume
decreased by 29,5% in Jan-July, and by 1.4% if compared with June 2009,
having amounted to $1661.2 mln (583.1 bln AMD).

According to the National Statistical Service, the AMD/USD exchange
rate is fixed at 350,51 AMD/ $1 for January-July 2009.