Armenian import exceeds export

According to the official data, currently Armenian imports exceed the country’s exports by four times. The total trade turnover of the country in 2013 reached 6 billion USD, where the value of the imports were around 4.5 billion USD, and the exports – 1.4 billion USD.

The biggest trade partner of Armenia is Russia. The countries’ annual trade turnover is 1.5 billion USD. Among Armenia’s solid trade partners are the USA, Iran, China, and Germany.