ARMENIA'S FOREIGN TRADE TURNOVER WITH RUSSIA GROWS 70.3% TO $177.4MLN IN JAN-APR 2007

May 31, 2007
Arka News Agency, Armenia

YEREVAN, May 31. /ARKA/. Armenia's foreign trade turnover with Russia grew 70.3% and made $177.4mln in January-April 2007, Armenia's National Statistical Service reported.

Exports from Armenia to Russia totaled $64.8mln (20% of the overall exports from Armenia) in the period - a 2.87-time increase as compared with January-April 2006.
Imports to Armenia produced in Russia made $112.7mln in the period - a 38% increase. The total imports from Russia made $173.7mln (a 1.74-time increase) or 20% of the overall imports.

According to the statistics, 14.9% of the overall foreign trade turnover of Armenia falls to the share of Russia, which is the highest share among other countries. CIS countries provided 33.6% of Armenia's foreign trade turnover as compared to 29.3% in the same period of the previous year.

The total volume of foreign trade turnover of Armenia increased 42.2% against January-April 2006 and made $1,193.6mln. The exports totaled $323.1mln and imports made $870.6mln in the period. N.V. -0--

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