If you expect than imports are responsible for this bulletin, then you are correct!
Armenia's foreign trade surged 44.4 percent to $876.4m in January-March 2007. Exports stood at $231.2m (up 25.1 percent) and imports amounted to $645.2m (up 52.9 percent.Armenia has now become a rapid consumer of foreign goods. That's great, but can't we have the production edge in any industry?
If you recall, we've covered Armenia's trade deficit on a previous occasion.
Source: RBC
