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)
Read more about this topic: Economy Of Armenia
Famous quotes containing the word trade:
“The girl must early be impressed with the idea that she is to be “a hand, not a mouth”; a worker, and not a drone, in the great hive of human activity. Like the boy, she must be taught to look forward to a life of self-dependence, and early prepare herself for some trade or profession.”
—Elizabeth Cady Stanton (1815–1902)
“The very hirelings of the press, whose trade it is to buoy up the spirits of the people ... have uttered falsehoods so long, they have played off so many tricks, that their budget seems, at last, to be quite empty.”
—William Cobbett (1762–1835)
“Every trade has its master.”
—Chinese proverb.