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groong: Armenia trade deficit grows 13.5% in Q1

Yerevan. (Interfax) – Armenia’s trade deficit grew 13.5% year-on-year in the
first quarter of 2004 to $140.7 million.
Foreign trade amounted to $445.9 million, up 14.5%, First Deputy Trade and
Economic Development Minister Ashot Shakhnazarian said at a press conference
Tuesday.

Exports increased 9.6% to $152.6 million and imports rose 9.1% to $293.3
million.

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