YEREVAN. – The volume of Armenia’s trade with CIS and EU countries was virtually the same last year, with the difference being a mere $13 million

But the import and export volumes differed quite substantially. 

Armenia’s negative balance of foreign trade with EU countries made up $564,700,000, whereas that with CIS countries comprised $1,001,200,000.

To note, natural gas being supplied to Armenia accounts for more than half of the volume of goods that are imported from Russia. And the latter is the leading from among the countries of the CIS, as the trading partner of Armenia.

The prices likewise impact the liveliness of the volume of foreign trade. If we take December 2007 as basis, the prices changes in December of last year were as follows: 

The prices went up in CIS countries by 19.2 percent and 9.5 percent in imports and exports, respectively. In the case of EU countries, the average import prices rose by 21.9 percent, whereas export prices reduced by 19.2 percent.