YEREVAN, February 28. / ARKA /. Armenia's foreign trade in January 2014 dropped by 3.3 percent when compared to January 2013 to approximately $391.7 million, according to the latest numbers, released today by the National Statistical Service (NSS).
The exports in January 2014 were said to have risen by 0.1 percent year-on-year to $96.9 million, while imports fell by 4.4 percent to $294.8 million. The resulting trade deficit totaled $197.9 million. According to NSS numbers, the trade deficit in FOB prices in January 2014 amounted to $152.5 million.
According to the statistics, the export of mineral products declined by 5.9 percent to $27.1 million, export of non-precious metals and products slashed by 14.3 percent to $25.35 million, export of finished food soared by 27.4 percent to more than $19.4 million, export of precious and semiprecious stones, precious metals and articles upped by almost 2 percent to $11.3 million.
The import of mineral products was said to have declined by 7 percent to $88.2 million, import of finished food fell by 7.3 percent to $28.5 million, that of precious and semiprecious stones, precious metals and articles grew by 38.5 percent to $28.2 million, import of machinery, equipment and tools dropped by 23.6 percent to $26.3 million, import of land, air and water vehicles fell by 1.5 percent to $20.6 million. -0-