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 glory of the farmer is that, in the division of labors, it is his part to create. All trade rests at last on his primitive activity.”
—Ralph Waldo Emerson (1803–1882)
“...I lost myself in my work and never felt that marriage would give me the security I wanted. I thought that through the trade union movement we working women could get better conditions and security of mind.”
—Mary Anderson (1872–1964)
“The profession of magician, is one of the most perilous and arduous specialisations of the imagination. On the one hand there is the hostility of God and the police to be guarded against; on the other it is as difficult as music, as deep as poetry, as ingenious as stage-craft, as nervous as the manufacture of high explosives, and as delicate as the trade in narcotics.”
—William Bolitho (1890–1930)