Armenia’s foreign trade in nine months grows by 2.3 percent.

YEREVAN, November 1, /ARKA/. Armenia’s foreign trade turnover in January-September this year increased by 2.3 percent when compared with the same period a year before amounting to $4.041.5 billion drams, the National Statistical Service reported.  

According to official data, exports grew by 6% to $1.031.9 billion and imports grew by 1.1 percent to $3.009.6 billion. As a result, the negative trade balance amounted to $1.977.6 billion. The trade gap in FOB prices amounted to $1.514.1 billion.

According to the statistical report, Armenia’s exports were dominated by mining industry products -$291.4 million, an 8.5 percent drop from a year earlier, non-precious metals and items $253.7 million, an 8.3 percent decline, finished foods -$167.2 million, a 55% growth, precious and semiprecious stones, precious metals and jewellery, $125.2 million, a 10% drop and aerial, ground and water vehicles -$52.2 million, a double growth from the year before.

The country’s imports were dominated by mining industry’s products ($641.6 million, a 12.9 percent rise), machinery and equipment -$403.8 million (a 12 percent decline), land, aerial and water vehicles ($264.5 million, a 6.3 percent drop), finished foods - $241.9 million, a 5% growth) and plant products -$190.2 million, an 8.5% rise. ($1-405.47 drams).  -0-