ARMENIAN TRADE DEFICIT UP 44% IN 2006
Interfax News Agency
Russia & CIS Business and Financial Newswire
February 5, 2007 Monday 10:32 AM MSK
The Armenian trade deficit in 2006 amounted to $1.19 billion, up 44%
from 2005.
A source in the Armenian National Statistics Service told Interfax that
the republic’s foreign trade in the reporting period increased 15.2%
to $3.198 billion, including $2.194 billion in imports (up 21.8%),
and exports $1.004 billion (up 3.1%).
Trade with the European Union in 2006 increased 13.9% to $1.093
billion, and with the CIS – 28.4% to $911 million, with other countries
trade amounted to $1.194 billion.
The main buyers of Armenian products are Germany (14.7% of total
exports), the Netherlands (12.6%), Russia (12.1%), Belgium (10.8%),
Israel (10.6%), Switzerland (7.2%), the U.S. (6.5%), and Georgia
(5.4%).
The main importers into Armenia are Russia (13.9% of total imports),
Turkmenistan (7.7%), Ukraine (7.5%), Germany (6.6%), Belgium (5.5%),
Iran (5.2%), China (5.1%), the U.S. (4.9%), and Israel (4%).
Disclaimer: This article was contributed and translated into English by Chatinian Lara. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.
Direct link to this article: https://www.armenianclub.com/2007/02/06/armenian-trade-deficit-up-44-in-2006/