Armenia exports up by 24% in Jan-Feb 2016

Armenia exports up by 24% in Jan-Feb 2016

PanARMENIAN.Net - Armenia’s foreign trade turnover amounted to AMD 264,3 billion in January-February 2016, decreasing by 1,8% against the same period in 2015, the country’s National Statistical Service reports.

The exports totaled AMD 110 billion, up by 23.6 % against the same period last year, while imports amounted to AMD190 billion, dropping by 12,2%.

The negative balance of trade thus amounted to $162.8 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