Last year Armenia’s imports of oil and oil products totaled of 344,510 tons or U.S. $237.93 in terms of customs value – a 13.9% decrease or a 36.3% decrease in terms of customs value as compared with the previous year, the RA State Revenue Committee reports.
According to Business-24, the global financial crisis mainly accounts for the decrease in imports in oil products. As regards the fall in the customs value, it is the result of lower oil prices.
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