YEREVAN, July 31. / ARKA /. Armenia's foreign trade in the first half of 2014 increased by one percent from the year earlier to about $2.722.9 billion, according to the latest data of the National Statistical Service, released today.
Armenian exports were said to have grown by 0.7 percent to $706.2 million, while imports saw a slightly higher rise of 1.1 percent to about $2.016.8 billion. The resulting trade deficit totaled $1.310.6 billion. According to official data, the trade deficit in FOB prices was $1 billion
Export of mineral products declined by 6.2 percent from the same time span in 2013 to about $189 million, export of non-precious metals and articles slashed by 11 percent to $150.2 million, export of finished food grew by 8.5 percent to about $144.3 million, export of precious and semiprecious stones, precious metals, and articles surged by 24.7 percent to more than $111.6 million.
Also the import of mineral products dropped by almost 9 percent year-on-year to about $392.2 million, import of machinery, equipment and tools grew by 0.3 percent to $244.9 million, import of land, air and water vehicles grew by 7.5 percent to $185.6 million, import of chemical and related products fell by 1.3 percent to about $165.9 million, import of precious and semiprecious stones, precious metals and articles jumped by 23 percent to $157.5 million. ($ 1 - 406.07 drams)..-0-