YEREVAN. – Between January and August 2013, exports from Armenia comprised about $952 million, informs the National Statistical Service.

The exports grew by 8.9 percent, as compared to the first half of last year.

But the imports have not changed substantially. They made up $2.7 million, which is a 0.8-percent increase from the first half of 2012. 

As a result of an accelerating export growth, Armenia’s foreign trade balance has somewhat improved. In an eight-month span, it is negative by $1.75 billion, against the $1.8 billion during the same period last year.

In addition, the import/export ratio has improved significantly. Imports exceed exports by 2.8 times, in the case when this indicator was steadily higher than 3 in recent years.