Armenia’s foreign trade turnover grows 0.8% to about $2,671.2 mln in Jan-Jun

YEREVAN, August 2. /ARKA/. Armenia’s foreign trade turnover has grown by 0.8% to $2,671.2 million in January-June, compared to the same period of 2012, ArmStat reports.  

Exports totalled $669.7 million, an increase of 9.9% in January-June. Imports dropped by 2.1% to $1,971.5 million. Red ink balance amounted to $1,271.7 million. 

Negative balance in FOB (FOB or Free On Board is a trade term requiring the seller to deliver goods on board a vessel designated by the buyer. The seller fulfills its obligations to deliver when the goods have passed over the ship’s rail) prices amounted to $699.7 million in the period.

According to the statistics, the main export items in the period were non-precious metals ($168.6 million, 2% year-on-year growth), mining industry ($201.9 million, 6.3% growth), precious and semiprecious stones, precious metals and jewelry ($89.3 million, 8.5% growth) and final products of food industry ($132.4 million, 22.6% growth). 

Main imports were machines, equipment and mechanisms ($245.8 million, 6.4% reduction), mining industry’s products ($423.3 million, 4.6% reduction), chemical industry ($168.2 million, 7.2% growth) and final food products ($164.9 million, 2.5% reduction). ($1=409.75drams).–0--