Wednesday, February 29 2012 17:45
In Jan 2012 unfavorable balance of foreign trade turnover of Armenia totaled $202.9 mln
ArmInfo. In Jan 2012 the unfavorable balance of foreign trade turnover in Armenia totaled $202.9 mln or 78.5 bln AMD (9% y-o-y- growth).
According to the National Statistical Service of Armenia, in Jan 2012 the foreign trade balance, with export and import calculated at FOB prices, amounted to $345.9 mln (133.9 bln AMD), with the export being $71.5 mln or 27.7 bln AMD (at FOB prices), and import being $274.4 mln or 106.2 bln AMD (at CIF prices). In Jan 2012 the balance of foreign trade (at FOB prices) is preliminarily estimated at $160.6 mln. The volume of foreign trade turnover totaled $345.9 mln (133.9 bln AMD), having dropped by 33.9% as compared to Dec 2011, and having risen by 5.3% as compared to Jan 2011.
Over Jan 2012 the commodity turnover with EU countries amounted to $95.4 mln (27.6% of the total volume of foreign trade), having annually dropped by 9.4%. The unfavorable balance with the EU countries annually declined by 13.8% to $28.7 mln. Export to EU countries totaled $33.3 mln, and import - $62 mln. The commodity turnover with non-CIS countries amounted to $129.8 mln, with the y-o-y growth being 16.1%. The unfavorable balance with non-CIS countries annually grew by 23.3% to $78.8 mln. The foreign trade turnover with the CIS countries annually rose by 8.3% to $120.8 mln, and the unfavorable balance of trade was up 7.3% to $95.4 mln. Over Jan 2012 export to the CIS countries totaled $12.7 mln, having annually grown by 11.9%, and import from the CIS countries totaled $108.1 mln, having grown by 7.9%.
The main buyers of Armenian commodities in Jan 2012 were Russia (14.9% of the total export), Germany (12.6%), Spain (12.2%), Iran (11.8%), Belgium (9.8%), Canada (8.8%), the Netherlands (8.2%), the USA (6.5%), Georgia (3.9%). The main suppliers to Armenia were Russia (28.5% of the total import), China (7.2%), the USA (6%), Germany (4.6%), Iran (3.9%), Kazakhstan (3.5%), Romania (3.1%), Turkey (3%).
In Jan 2012 in the total volume of export, y-o-y growth was fixed for the products of vegetable origin (by 11.1% to $1 mln), finished food products (by 9.6% to $8.8 mln). The biggest volume of export fell on base metals and articles made of base metals - $23.8 mln (15.5% y-o-y decline) and ore products - $22.5 mln (7.7% y-o-y decline). Export of chemical products annually dropped by 1.8% to $0.8 mln. In the structure of import, considerable growth was fixed for products of animal origin (by 79.1% to $8.6 mln), and the biggest volume of import fell on ore products - $77.1 mln (18.7% y-o-y growth).
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