Armenia’s foreign trade in first two months slashes by 5.8 % to $819.3 million, statistics

YEREVAN, April 1. / ARKA /. Armenia's foreign trade in the first two months of 2014 slashed by 5.8 % year-on-year to approximately $819.3 million, the National Statistical Service (NSS) said today.

Exports were said to have dropped by 3.2 percent to $218.1 million, while imports also fell by 6.7 percent to $601.2 million. The resulting trade deficit totaled $383.1 million, but in FOB prices the deficit amounted to $ 290.5 million.

NSS said exports of mineral products declined year-on-year by 17.4 percent to about $60 million, exports of non-precious metals and goods fell by 13.7 percent to $47.7 million, exports of finished food rose by 8.7 percent to more than $46.5 million and exports of precious and semiprecious stones, precious metals and goods rose by 19.5 percent to $32.9 million.

Imports of mineral products declined by 13 percent to $154.5 million, imports of equipment and machinery fell by 2.3 percent to $64.1 million, imports of precious and semiprecious stones, precious metals and goods grew by 34.1 percent to $54.9 million, imports of finished food fell by almost 19 percent to $48.5 million and imports of land, air and water vehicles fell by 0.4 percent to $46.1 million ($ 1 - 413.31 drams). .-0-