Armenia’s Trade with Russia in 2004 Down 11 Percent

ARMENIA’S TRADE WITH RUSSIA IN 2004 DOWN 11 PERCENT

YEREVAN, FEBRUARY 1, ARMENPRESS: Armenia’s trade with its biggest
trade partner, Russia, was down 10.6 percent in 2004 against the
previous year standing at $266 million, a $31 million downfall from
almost $298 million in 2003.

According to Armenian national statistical service, Armenian
exports to Russia went down last year 17.3 percent, making only $78
million. Last year Armenia imported from Russia $188 million worth
goods, a 7.9 percent decrease over the previous year.

Share of Armenia’s trade with Russia, in the overall trade volume
was 12.9 percent.