ROMANIA-ARMENIA TRADE EXCHANGE UP 11-FOLD Y/Y JAN-JULY 2006
Balkans Business Digest
October 4, 2006 Wednesday 03:36 PM EEST
The trade exchange between Romania and Armenia went up 11-fold on the
year in the first seven months of 2006 to $6.0 mln (4.7 mln euro),
it was reported on October 4, 2006.
Romanian exports to Armenia reached $5.6 mln (4.4 mln euro) in the
reported period, rising 10.6 times, while imports stood at $400,000
(314,000 euro).
The trade exchange between the two countries is expected to exceed
$10 mln (7.85 mln euro) in 2006, up from $6.1 mln (4.79 mln euro)
in 2005. Romania’s 2006 exports to Armenia are estimated at $9.5 mln
(7.45 mln euro).
Romania exports to Armenia mainly machinery and electrical equipment,
accounting for 87 pct of the overall exports, and products for the
chemical industry, representing 7.0 pct.
A total of 37 companies with Armenian capital are registered in
Romania, ranking Armenia 61st largest investor in the country.