// IP Marketing video - START// IP Marketing video - END

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
A report said the slowdown is because of low commodity prices that are hurting energy exporting countries like Azerbaijan and Uzbekistan.
Karapetyan stressed the importance of employing modern technologies, adding that the government is ready to support the business entities.
90 local organizations representing the country’s agricultural product processing industry participate in the trade show.
Annual deflation in the country was at 1.9% in August, compared to 1.3% deflation in July, according to central bank data.
Partner news