Armenia's foreign trade in January- July rises by 3.4% to $3. 2 billion
YEREVAN, September 2. / ARKA /. Armenia's foreign trade in the first seven months saw a 3.4 % rise from the year earlier to more than $3.189.8 billion, according to the latest numbers released by the National Statistical Service.
The exports were said to have grown by 9.4 percent to $825.4 million, while imports increased by 1.4 percent to $2.364.4 billion. The resulting trade deficit amounted to $1.539.2 billion. According to the preliminary data, the negative trade balance in FOB prices was $1.175 billion
Mining sector related exports were said to stand at $235.9 million (an increase of 5.6 % compared with January-July 2012), exports of non-precious metals and related products declined by 2.1 percent to $188.6 million, exports of finished food products surged by 22.4 percent to $154.7 million, exports of precious and semi-precious stones, precious metals and related products rose by 5.6 percent to $106.8 million.
At the same time, according to the official statistics, imports of mining sector related products dropped by 2.2 percent to $490.8 million, imports of machinery and equipment declined by 7.3 percent to about $290.3 million, exports of land, air and water vehicles fell by 3.8 percent to $202.9 million, imports of finished food products upped by 9.5 percent to $207.7 million and exports of chemical products rose by 9.5 percent to $201.3 million. ($ 1 - 406.24 drams) -0-