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.