YEREVAN, June 6. /ARKA/. Armenia’s exports to European Union member countries in the first quarter of 2019 slashed by 34.2% or $81 million to $156 million, when compared to the same period of 2018, according to numbers, released by the National Statistical Committee (NSC).
According to official data, exports to Belgium fell by 22.8% to $14.9 million, exports to Bulgaria slashed by 48.3% to $44 million and exports to Germany plummeted by 59.7% to $20.5 million
Imports from EU member countries also decreased by 16.2% to $285.2 million. As a result, Armenia’s foreign trade turnover with the EU for the first 4 months of 2019 dropped by 23.6% year-on-year to $441.3 million.
Armenia’s foreign trade turnover with the countries, members of the Eurasian Economic Union, grew by 5% to $674.7 million. Trade with other CIS countries fell by 10.4% to $44.8 million and trade with other countries grew by 1.4% to $1.020.3 billion.