Armenia posts general export increase as sales to Russia drop

PanARMENIAN.Net - Armenian exports grew by 4.7% in September 2014 against last year’s results, amounting to $142.5 million. In January-September 2014, the country’s exports totaled $1.109 billion, up 1.9% from last year, National Statistical Service reported.

In the first 9 months of 2014, exports to Russia dropped by 6.2% to total $220 million, with the tendency for decrease, though somewhat slowed, still persisting. In January-August 2014, the export fell by 8.2% to total $184 million against $201 million from a year-earlier period. Total shares of Armenian exports to Russia dropped from 21.5% to 19%.

At the same time, the 12.9% import growth prompted Armenia-Russia trade turnover increase by 8% to total $ 985.5 million. Russia tops the list of Armenia’s trade partners, with a 22.9% share in total turnover. CIS states’ share makes up 27.7%, EU - 27.6%, including Germany - 7.6%.

Trade turnover with China, Iran and Georgia totals 9.7%, 4.8% and 2.7% respectively.

Armenia’s total trade turnover increased by 3.9% in January-September 2014 against last year’s results to amount to $4.3 billion.