Armenia’s Foreign Trade Turnover Grows 0.8% To About $2,671.2 Mln In

ARMENIA’S FOREIGN TRADE TURNOVER GROWS 0.8% TO ABOUT $2,671.2 MLN IN JAN-JUN

YEREVAN, August 2. /ARKA/. Armenia’s foreign trade turnover has grown
by 0.8% to $2,671.2 million in January-June, compared to the same
period of 2012, ArmStat reports.

Exports totalled $669.7 million, an increase of 9.9% in January-June.

Imports dropped by 2.1% to $1,971.5 million. Red ink balance amounted
to $1,271.7 million.

Negative balance in FOB (FOB or Free On Board is a trade term requiring
the seller to deliver goods on board a vessel designated by the
buyer. The seller fulfills its obligations to deliver when the goods
have passed over the ship’s rail) prices amounted to $699.7 million
in the period.

According to the statistics, the main export items in the period were
non-precious metals ($168.6 million, 2% year-on-year growth), mining
industry ($201.9 million, 6.3% growth), precious and semiprecious
stones, precious metals and jewelry ($89.3 million, 8.5% growth)
and final products of food industry ($132.4 million, 22.6% growth).

Main imports were machines, equipment and mechanisms ($245.8 million,
6.4% reduction), mining industry’s products ($423.3 million, 4.6%
reduction), chemical industry ($168.2 million, 7.2% growth) and final
food products ($164.9 million, 2.5% reduction). ($1=409.75drams).-0–

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From: Mihran Keheyian
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Armenia?s foreign trade turnover grows 0.8% to about $2,671.2 mln in Jan-Jun

YEREVAN, August 2. /ARKA/. Armenia?s foreign trade turnover has grown
by 0.8% to $2,671.2 million in January-June, compared to the same
period of 2012, ArmStat reports.

Exports totalled $669.7 million, an increase of 9.9% in January-June.
Imports dropped by 2.1% to $1,971.5 million. Red ink balance amounted
to $1,271.7 million.

Negative balance in FOB (FOB or Free On Board is a trade term
requiring the seller to deliver goods on board a vessel designated by
the buyer. The seller fulfills its obligations to deliver when the
goods have passed over the ship?s rail) prices amounted to $699.7
million in the period.

According to the statistics, the main export items in the period were
non-precious metals ($168.6 million, 2% year-on-year growth), mining
industry ($201.9 million, 6.3% growth), precious and semiprecious
stones, precious metals and jewelry ($89.3 million, 8.5% growth) and
final products of food industry ($132.4 million, 22.6% growth).

Main imports were machines, equipment and mechanisms ($245.8 million,
6.4% reduction), mining industry?s products ($423.3 million, 4.6%
reduction), chemical industry ($168.2 million, 7.2% growth) and final
food products ($164.9 million, 2.5% reduction). ($1=409.75drams).?0–

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From: A. Papazian