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NEGATIVE TRADE BALANCE IN FIRST EIGHT MONTHS AMOUNTS TO $481 MILLION

YEREVAN, OCTOBER 6, ARMENPRESS: Armenia’s foreign trade in the first eight months of the year amounted to $1.689 billion. Exports made $603.77 million and imports reached $1.085 billion. The negative trade balance was $481.65 million. Not counting humanitarian aid it was $456.09 million.

Foreign trade growth rate from a year before was 31.4 percent. Twenty percent of the overall foreign trade was with CIS member countries, of which 13.6 percent with Russia, 3.1 percent with Ukraine and almost 3 percent with Georgia. Another 39.2 percent was with EU members, of which 11.5 percent with Belgium, 9.8 percent with Germany and 5 percent with the Netherlands. Trade with Israel was 8.7 percent, USA-6.4 percent, and Iran -4.4 percent.

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