Armenia’s foreign trade in ten months grows by 3.4 percent

Armenia’s foreign trade in ten months grows by 3.4 percent

YEREVAN, November 30. / ARKA /. Armenia’s foreign trade in
January-October this year saw a 3.4 percent increase from a year
earlier to over $4.603.1 billion, according to latest numbers,
released today by the National Statistical Service of Armenia
(ArmStat).

According to official data, exports grew by 7.3 percent to $1.166
billion and imports by 2.1 percent to $3.4371 billion. The resulting
trade gap amounted to $2.271.1 billion. According to preliminary data,
the trade deficit in FOB prices amounted to $ 1.741.8 billion
According to the statistical report, Armenia’s exports were dominated
by mining industry products -$332.8 million, a 1.4 percent drop from a
year earlier, non-precious metals and items – $282.1 million, a 7.7
percent decline, finished foods -$196.2 million, a 44.8% growth,
precious and semiprecious stones, precious metals and jewellery –
$139.4 million, a 12.8% drop and aerial, ground and water vehicles
-$53.3 million, a double growth from the year before.

The country’s imports were dominated by mining industry’s products
($734 million, a 13.9 percent rise), machinery and equipment -$474.9
million (a 2 percent rise ), land, aerial and water vehicles -$271.4
million, no change from a year earlier, finished foods – $271.4
million, a 9.6 percent growth and plant products -$218.7 million, an
9.6% rise. ($1-405.19 drams). -0-

From: Baghdasarian