YEREVAN, May 5. / ARKA /. Armenia's foreign trade in January- March 2014 saw an increase of 0.6 percent when compared to the same period in 2013 amounting to approximately $1.322.5 billion, according to the latest numbers, released today by the National Statistical Service (NSS).
The exports increased by 1.8 percent to about $348 million, while imports grew by 0.2 percent to $974.5 million. The resulting trade deficit totaled $626.5 million. According to NSS preliminary data, the trade deficit in FOB prices stood at $476.4 million.
Export of mineral products was said to have declined by 4.7 percent from the year earlier to $93 million, export of finished food grew by 5.8 percent to about $73.4 million, export of non-precious metals and items slashed by 13.7 percent to $72.3 million, the export of precious and semiprecious stones, precious metals and articles plunged by 25.3 percent to more than $58 million.
The import of mineral products declined by 11.9 percent to $221.4 million, the import of machinery and equipment grew by 12.9 percent to $112.2 million, the import of land, air and water vehicles rose by 10.9 percent to $90.2 million, the import of precious and semiprecious stones, precious metals and articles jumped by 46.6 percent to $89.6 million, the import of chemical products fell by 3 percent to about $70.7 million, the import of finished food dropped by 16.1 percent to more than $68 9 million. ($1 - 413.59 drams). -0-