Armenia’s foreign trade turnover fell by 28.5% in Jan-March

The NSS says the reports are incomplete due to need for adjustments in EEU trade indicators. 

According to the statistical report, exports totaled about $267.6 million (23.1% year-on-year decrease) in January-March, 2015; imports were $677.5 million (30.5% year-on-year reduction). As a result, negative balance of foreign trade turnover amounted to $409.9 million. 

According to the preliminary information, negative balance in FOB prices amounted to $305.6 million in January-March 2015. 

Armenia’s foreign trade turnover with CIS member states amounted to a total of about 227 million in the reporting period (share at 24%, and decline rate at 40.6%). Trade with Russia alone amounted to $190.3 million (41.2% reduction), that with Ukraine was $28.5 million (30.9% decline), and with Belarus about $1,205,300 (84.3% decline). 

Trade with the EU countries totaled about $258.8 million in January-March, 2015 (share at 27.4%, and reduction of 31.7%); trade with other countries amounted to $459.3 million (48.6% and 18.2% respectively). 

According to the statistics, most weighty export items in the period were: mining about $91.1 million (2% decline), non-precious metals about $63.3 million (12.4% decline) and finished food products about $41.4 million (43.5% decline). 

At the same time, imports prevailed under “mining” (about $192.8mln, 12.9% decline), “machinery, equipment” ($76.8mln, 31.5% decline), non-precious metals ($54.1mln, 9.6% decline). –0--