China Ranks Second as Armenian Trade Partner

£¨China Aluminum Network£©Armenian National Bureau of Statistics shows that till last January China is still Armenian second largest trade partner. Trade between Armenia and China reached $ 390,000,000 from January to November 2010, which rose by 55.5% YoY and trade deficit was $ 330,000,000. Armenia and China’s total trade accounted for 9.1% of Armenian total foreign trade. Russia continues to be Armenian largest trade partner. Trade between Armenia and Russia reached $ 890,000,000 from January to November 2009, which rose by 9.7% YoY and trade deficit was $ 610,000,000. Armenia and Russia’s trade took up 20.8% of Armenian total foreign trade. Germany ranked third as a trade partner with $ 310,000,000 trade with Armenia, which rose by 18.7% YoY. Armenia and Germany’s trade took up 7.3% of Armenian total foreign trade.

From January to November 2010, Armenian total foreign trade reached $ 4,270,000,000, which rose by 18.9% YoY. Among these, the export value touched $ 900,000,000 with an increase of 41.2% YoY; the import value hit $ 3,370,000,000 with an increase of 14.2% YoY.

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