In Jan 2017 versus Jan 2016 Armenia-Russia foreign trade turnover grew by 60.8%

ArmInfo. In Jan 2017 the  Armenia-Russia foreign trade turnover grew by 60.8% (versus 4.5%  decline in Jan 2016) to $130.5 mln. Russia retained leadership not  only in terms of foreign trade turnover, but also in terms of export  and import - $28.7 mln and $101.8 mln, respectively (up 78.1% and up  56.8% versus Jan 2016, respectively). 

The National Statistics Service of Armenia reports that China held  the second place in Armenia's foreign trade. It doubled the foreign  trade turnover with Armenia to $36.3 mln versus 31.9% decline a year  before.  Bulgaria was the third - up 17.4% to $19.4 mln (versus  2.1-fold growth a year before). Germany was the fourth with $18.7 mln  (up 8.2%). Iran was the fifth with $15.3 mln (down 7%). 

In Jan 2017 Bulgaria had the second biggest share ($18.3 mln, with  30.8% year-over-year growth) in terms of export after Russia.  Switzerland was the third ($13.7 mln, up 83.6-fold), Germany was the  fourth ($11.5 mln, up 24.4%), and Georgia was the fifth ($8.8 mln, up  1.6%). In terms of import, Russia was followed by China ($27.8 mln,  up 2-fold), Iran ($9.8 mln, down 13.1%), the UAE ($8.7 mln, up  5.4-fold), Germany ($7.2 mln, down 10.4%).

In Jan 2017, the main buyers of Armenian goods were Russia (23.6% in  total exports), Bulgaria (15.1%), Switzerland (11.2%), Germany  (9.5%), Georgia (7.2%) and China (7%). The main suppliers of goods to  Armenia were Russia (42.9% in total imports), China (11.7%), Iran  (4.1%), the UAE (3.7%) and Germany (3%). The import from Iraq and the  export to Brazil, Cyprus, Romania and Denmark were zeroed out.   Import from Bulgaria dropped most tangible (by 57.9%) and exports to  Sweden and Canada fell by 98- 94.3%.

In Jan 2017 versus Jan 2016 Armenia's foreign trade turnover grew by  45.5% to 174.2 bln AMD ($358.7 mln). Exports grew by 35.4% to 59 bln  AMD ($121.5 mln) and imports - by 51.4% to 115.2 bln AMD ($237.2  mln). The unfavorable balance of trade of the foreign trade turnover  dropped by 12.2% to 56.2 bln AMD ($115.7 mln) in Jan 2017. The  economic activity of Armenia in Jan 2017 grew by 6.5% versus Jan  2016. A year before, the economic activity rose by 5.5% and the  foreign trade turnover demonstrated 13.8% decline due to 22.2% fall  in imports and 5.6% rise in exports. The average AMD/USD exchange  rate made up 486.01 AMD/$1 in Jan 2017 versus 486.04 AMD/$1 in Jan  2016.