YEREVAN, January 29. /ARKA/. Armenia’s exports grew by 7% to over 1.4 billion dollars in 2012 compared to 2011, head of parliament commission for finance, credit and budget issues, member of the ruling Republican Party of Armenia Gagik Minasyan told journalists Saturday.
“It is very important as export is one of our most vulnerable indicators”, Minasyan said. Imports rose by 2.5% to 4billion 268 million dollars over the same period, he added.
Minasyan pointed out that export growth rates were almost 2.5 times higher than those of import growth over the last years.
“If this trend is maintained, then these indicators (exports and imports) will equal each other some time later, which, in macroeconomic terms, will be a substantial stabilizing factor”, the head of the commission said.
Armenia’s foreign trade turnover amounted to about $5.7bln by the end of the last year that is a 3.9% increase against 2011. ($1=406.29drams). -0-