Armenia’s trade deficit expands 6.6% in Jan-Sept

Nov. 3, 2004

Armenia’s trade deficit expands 6.6% in Jan-Sept

Yerevan. (Interfax) – Armenia ended the month of September with a
$463.4 million foreign trade deficit for January-September, up from
$434.7 million for the same period of 2003, the country’s national
statistics service told Interfax.

The country posted foreign trade volume of $1.846 billion for these
nine months, for 3.1% year-on-year increase. Exports increased 1.3% to
$511.1 million and imports increased 4.1% to $974.4 million.

Trade with the European Union came to $548.8 million in January-
September, representing 36.9% of Armenia’s total trade volume. The
country’s trade deficit with the EU was $160 million.

The country’s trade with Commonwealth of Independent States countries
came to $299.7 million in January-September, or 20.2% of overall trade.
The trade deficit with CIS countries was $125.7 million.

Armenia engaged in $1.948 billion worth of foreign trade in 2003, a
30.5% increase from the year prior.