Armenia Considers Russia Its Main Trading Partner

ARMENIA CONSIDERS RUSSIA ITS MAIN TRADING PARTNER

Vestnik Kavkaza
June 1 2011

Russia covered 21.4% of Armenian foreign trade in January-April,
the National Statistics Service of Armenia said, News Armenia reports.

CIS states covered 29.2% of Armenian foreign trade, while EU states
amounted to 33.2%.

Armenian trade with Russia increased by 13.1% in January-April,
compared with the same period in 2010, reaching $338.9 million.

Armenia exported products worth $52.9 million (14.2% of export) to
Russia in January-April, which is a 44.7% surplus, compared with the
same period in 2010.

Armenia imported products worth $285.9 million made in Russia, a
surplus of 8.7%. Products worth $224.5 million were imported from
Russia (+ 13.1%), or about 18.6% of total import.

Armenian foreign trade turnover increased by 14.6% in January-April
2011, compared with the same period in 2010, reaching $1.6 billion.

Exports reached $373.4 million, imports – $1209.5 million.

From: Baghdasarian