6 May 2015 14:49

Armenian trade deficit narrows 35% in Q1

YEREVAN. May 6 (Interfax) - Armenia's trade deficit narrowed 35% to $410 million in Q1 2015, from $626.5 million a year previously, the National Statistics Service said.

Exports fell 23.1% to $267.6 million and imports were down 31.5% to $677.5 million.

Foreign trade turnover fell 28.5% year-on-year to $945.5 million.

Trade with CIS countries came to $227 million or 24% of the total and fell 40.6% year-on-year in Q1 2105.

Trade with Russia fell 41.2% to $190.3 million and trade with EU countries fell 31.7% to $258.8 million.