Armenia's exports grow, imports shrink in Jan 2016

Armenia's exports grow, imports shrink in Jan 2016

PanARMENIAN.Net - Armenia’s foreign trade turnover amounted to $242,4 million in January 2016, decreasing by 13,8% against the same period in 2015, the country’s National Statistical Service reports.

The exports totaled $89,2 million, up by 5,6 % against the same period last year, while imports amounted to $153,2 million, dropping by 22,2%.

The negative balance of trade thus amounted to $64 million in the reporting period.

 Top stories
Azerbaijan’s aggression against Nagorno Karabakh failed to strike a blow to Armenia’s economy, the Minister of Economy said.
Total underground mineral resources comprised 4.3 million tons of ore, averaging 4.2 grams per ton for 0.6 mln ounces of gold equivalent.
For those with a monthly consumption of 10 thousand cubic meters or more, the current price of $276.98 would be reduced to $257.56.
Azerbaijan is highly dependent on oil revenues and its preliminary 2016 budget indicates reductions in military spending, the report says.
Partner news