Sunday, May 17, 2009

Trading partners, 2008

The EU continues to be the leading trading partner of Armenia. It accounted for over one half the country's exports, or $576 million, in 2008. It also accounted for some 25 to 30 percent of its imports, or $1,174 to 1,359 million, depending on how they are valued. At some distance, it is followed by Russia (15-20 percent). The greatest increase in trade, both in volume and rate of growth, is with China and Turkey.

Below is a list of countries with either exports to or imports from Armenia in excess of $100 million in 2008. There are two sets of import figures. The figures in the second set, the last column, reflect the value of goods from the country of origin. In contrast, the middle column reflects values shipped through intermediaries. The United Arab Emirates (UAE), for instance, accounted for imports of $516 million. But once this is adjusted for the fact that this country is an intermediary, the actual figure drops to $32 million. Similarly, the $122 million attributed to Panama dwindles down to insignificance once the figures are adjusted.

Source: Armstat, in USD millions. Export and import figures for the years 1993-2006 (first two columns of the table) are available on the data page of

No comments: