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:
“International relations is security, it’s trade relations, it’s power games. It’s not good-and-bad. But what I saw in Yugoslavia was pure evil. Not ethnic hatred—that’s only like a label. I really had a feeling there that I am observing unleashed human evil ...”
—Natasha Dudinska (b. c. 1967)
“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)
“I doubt if men ever made a trade of heroism. In the days of Achilles, even, they delighted in big barns, and perchance in pressed hay, and he who possessed the most valuable team was the best fellow.”
—Henry David Thoreau (1817–1862)