Armenia’s Foreign Trade Grows 4.9% To $1314.2 Million In Jan-March 2

ARMENIA’S FOREIGN TRADE GROWS 4.9% TO $1314.2 MILLION IN JAN-MARCH 2013

YEREVAN, April 30. /ARKA/. Armenia’s Jan-March 2013 foreign trade
turnover amounts to $1314.2 million – 4.9% year-on-year growth.

According to the information available on the National Statistical
Service’s official website, Armenia’s exports totaled $341.7 million
in Jan-March 2013 after growing 14.3%, compared with the same period
a year earlier, and imports totaled $972.5 million – 2% year-on-year
growth.

As a result, negative balance of the country’s foreign trade turnover
amounted to $630.8 million.

According to the preliminary statistical data, adverse balance of
Armenia’s foreign trade turnover in FOB prices (a shipping term which
indicates that the supplier pays the shipping costs, and usually also
the insurance costs, from the point of manufacture to a specified
destination, at which point the buyer takes responsibility – ARKA)
amounted to $481 million in Jan-March 2013.

Mining industry’s products ($97.6 million and 10.8% year-on-year
growth), basic metals and articles made of them ($83.8 million,
3.7% growth), food industry’s final products ($69.3 million and 48.5%
growth), precious and semiprecious stones, precious metals and articles
made of them ($46.3 million, 24.3% growth) dominated the country’s
exports in Jan-March 2013.

Mining industry’s products ($251.3 million, 3.2% year-on-year decline),
machinery and mechanisms (about $99.4 million and 16.4% decline),
food industry’s final products ($82.1 million, 38.1% growth), ground,
air and water transportation means ($81.3 million, 10.2% decline)
dominated Armenia’s imports in Jan-March 2013. ($1 – AMD 410.98). -0-

From: Emil Lazarian | Ararat NewsPress