Economy of Armenia - Trade

Trade

Exports - commodities: Pig iron, unwrought copper, nonferrous metals, cut diamonds, mineral products, foodstuffs, energy

Imports - commodities: Natural gas, petroleum, tobacco products, foodstuffs, uncut diamonds

Exports: $1.225 billion f.o.b. (2008)
country comparison to the world: 147

Imports: $3.546 billion f.o.b. (2008)
country comparison to the world: 132

Current account balance: $-877 million (2007)
country comparison to the world: 117

Export partners: Russia 17.5%, Netherlands 14.9%, Germany 14.7%, Ireland 11.1%, Belgium 8.7%, Georgia 7.6%, US 6.6%, Switzerland 4.3%, Bulgaria 4.1%, Ukraine 4% (2007)

Import partners: Russia 17.5%, Netherlands 14.9%, Germany 14.7%, Ireland 11.1%, Belgium 8.7%, Georgia 7.6%, US 6.6%, Switzerland 4.3%, Bulgaria 4.1%, Ukraine 4% (2007)

Reserves of foreign exchange and gold: $1.657 billion (2007)

Debt - external: $1.372 billion (2007)

Currency: dram (AMD)

Currency code: AMD

Exchange rates: Armenian dram per US dollar - 310.00 (2008), 457.69 (2005), 533.45 (2004), 578.76 (2003), 573.35 (2002), 555.08 (2001), 539.53 (2000)