Negative Trade Balance In First Eight Months Amounts To $481 Million

NEGATIVE TRADE BALANCE IN FIRST EIGHT MONTHS AMOUNTS TO $481 MILLION
Armenpress
Oct 06, 2005
YEREVAN, OCTOBER 6, ARMENPRESS: Armenia’s foreign trade in the first
eight months of the year amounted to $1.689 billion. Exports made
$603.77 million and imports reached $1.085 billion. The negative
trade balance was $481.65 million. Not counting humanitarian aid it
was $456.09 million.
Foreign trade growth rate from a year before was 31.4 percent. Twenty
percent of the overall foreign trade was with CIS member countries,
of which 13.6 percent with Russia, 3.1 percent with Ukraine and almost
3 percent with Georgia. Another 39.2 percent was with EU members,
of which 11.5 percent with Belgium, 9.8 percent with Germany and 5
percent with the Netherlands.
Trade with Israel was 8.7 percent, USA-6.4 percent, and Iran -4.4
percent.