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:
“It passes, and we stay:
A quality of loss
Affecting our content,
As trade had suddenly encroached
Upon a sacrament.”
—Emily Dickinson (1830–1886)
“The last job I had, I had to take it out in trade and this is no butcher shop—not yet, anyhow!”
—Robert Pirosh, U.S. screenwriter, George Seaton, George Oppenheimer, and Sam Wood. Dr. Hugo Z. Hackenbush (Groucho Marx)
“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)