Armenia’s Foreign Trade With EU Member States In January-September S

ARMENIA’S FOREIGN TRADE WITH EU MEMBER STATES IN JANUARY-SEPTEMBER SURGES BY 29.1%

ARKA
November 2, 2010
YEREVAN

YEREVAN, November 2, /ARKA/. Armenia’s foreign trade with EU member
states in January-September this year surged by 29.1% year-on-year to
$1.085.5 billion, according to the latest figures, released by the
country’s National Statistical Service (NSS). Overall, EU countries
accounted for 32.1% of Armenia’s foreign trade, it said.

Armenian exports to EU countries skyrocketed by 65.9% to $361. 4
million making more than half -51.2% – of all its exports for the
first nine months, while imports from EU member countries grew by a
17.1% to $601.5 million making 22.5% of all imports. But in terms
of country of origin, the volume of imports form EU rose by 16.2%
to $724.1 million, according to NSS.

Germany was Armenia’s largest trade partner among EU member states
accounting for 7.2% of its foreign trade that translated into some
$244.7 million. It was followed by Bulgaria – $189.7 million or 5.6%,
Belgium – $114.7 million or 3.4%, Italy – $88.5 million or 2.6%,
the Netherlands – $82.4 million or 2.4% and Romania – $62.6 million
or 1.8%.

In Jan.-Sept. Armenia’s foreign trade increased 23.6% year-on-year
to $3.383.7 billion. Exports grew by 43.9% to $705.3 million, while
imports increased by 19.2% to $2.678.4 billion. The negative trade
balance rose to $1.973.1 billion. ($1 – 357.98 Drams.

From: A. Papazian