Armenia’s foreign trade in eight months grows 5.5 percent e to $3.608.2 billion

YEREVAN, September 27. / ARKA /. Armenia’s foreign trade in the first eight months of 2012 saw a 5.5 percent year-on-year rise to $3.608.2 billion or 1.440.6 trillion drams, the National Statistical Service reported today.

 If compared to July this year the foreign trade in August alone was 7.7 percent higher Armenian exports were said to have grown by 11.4 percent in Jan.-August this year from the same time span of 2011 to $921.4 million. (368.1 billion drams), while imports grew by 3.6 percent to $.2686.8 billion (1072.5 trillion drams). 

The negative trade gap was $1.765,4 billion (704.4 billion drams). In August alone this year exports, if compared to July, grew by 1.3 percent while imports by 10 percent, the National Statistical Service said. The average exchange rate of one USD in August this year was 399.15 drams. ($1 – 405.87 drams). -0-