Armenia’s foreign trade in five months grew by 6.8% year-on-year to about $1.892.7 billion
YEREVAN, June 30. /ARKA/. Armenia’s foreign trade turnover in the first five months of 2016 grew by 6.8% year-on-year to about $1.892.7 billion, according to the latest numbers, released today by the National Statistical Service (NSS).
According to official data, Armenian exports in January-May surged by 20.1% from the same time span of 2015 to about $656.9 million, while imports rose by 0.9% to around $1.235 billion. The resulting negative balance of foreign trade amounted to $578.9 million. According to preliminary data, the trade deficit in FOB prices was approximately $388.6 million.
Armenia's foreign trade with CIS countries grew by 14.8% to $600.2 million. The trade with Russia alone soared by 20.1% to $536.1 million, while the trade with Ukraine slashed by 20.5% to $39.9 million. Trade with Turkmenistan grew by 3.9% to about $8.2 million and that with Belarus declined by 13.2% to $10.8 million.
Also Armenia’s trade with EU countries grew by 2.4% to $462.3 million, while trade with other countries rose by 4.1% to $830.1 million.
According to statistics, exports of mining industry products declined by 5.1% to about $183 million; exports of finished foods soared by 38.3% to about $ 142.8 million and exports of precious and semi-precious stones, precious metals, and articles skyrocketed by 81.8% to about $127.4 million.
Also imports of mining industry products declined by 5.7% to about $243.9 million; imports of machinery, equipment and mechanisms upped by 13.9% to $155.8 million and imports of finished foodstuff grew by 25.8% to $132.7 million. ($ 1 - 476.33 drams). -0-
According to official data, Armenian exports in January-May surged by 20.1% from the same time span of 2015 to about $656.9 million, while imports rose by 0.9% to around $1.235 billion. The resulting negative balance of foreign trade amounted to $578.9 million. According to preliminary data, the trade deficit in FOB prices was approximately $388.6 million.
Armenia's foreign trade with CIS countries grew by 14.8% to $600.2 million. The trade with Russia alone soared by 20.1% to $536.1 million, while the trade with Ukraine slashed by 20.5% to $39.9 million. Trade with Turkmenistan grew by 3.9% to about $8.2 million and that with Belarus declined by 13.2% to $10.8 million.
Also Armenia’s trade with EU countries grew by 2.4% to $462.3 million, while trade with other countries rose by 4.1% to $830.1 million.
According to statistics, exports of mining industry products declined by 5.1% to about $183 million; exports of finished foods soared by 38.3% to about $ 142.8 million and exports of precious and semi-precious stones, precious metals, and articles skyrocketed by 81.8% to about $127.4 million.
Also imports of mining industry products declined by 5.7% to about $243.9 million; imports of machinery, equipment and mechanisms upped by 13.9% to $155.8 million and imports of finished foodstuff grew by 25.8% to $132.7 million. ($ 1 - 476.33 drams). -0-