The Russia Journal
Russia’s trade with Armenia shrinks
WORLD/CIS » :: Feb 01, 2005 Posted: 13:54 Moscow time (09:54 GMT)
EREVAN – Russia’s trade with Armenia shrank 10.6 percent in 2004 to USD266m,
the Armenian National Statistics Service has reported. Trade with Russia
accounted for 12.9 percent of Armenia’s overall foreign trade. Armenian
exports to Russia were cut by 17.3 percent to USD78m. Imports fell 7.5
percent to USD188m. Armenia boosted its foreign trade by 5.1 percent in 2004
to USD2.066bn. Trade deficit amounted to USD636m. Exports advanced 4.3
percent to USD715m. Imports grew 5.6 percent to USD1.351bn. Trade with the
European Union contributed the most to Armenia’s foreign trade, namely,
USD735m. Trade with the CIS was USD433m, or 21 percent of total foreign
trade. /RosBusinessConsulting/