Exports: $43 million to countries outside the FSU (f.o.b., 1994)
commodities: gold and jewelry, aluminum, transport equipment,
electrical equipment
partners: Iran, Russia, Turkmenistan, Georgia
Imports: $120 million from countries outside the FSU (c.i.f., 1994) commodities: grain, other foods, fuel, other energy partners: Iran, Russia, Turkmenistan, Georgia, US, EU
External debt: $NA
Industrial production: growth rate 7% (1994 est.); accounts for 41% of
GDP
Electricity: capacity: 4,620,000 kW production: 5.7 billion kWh consumption per capita: 1,620 kWh (1994)
Industries: traditionally diverse, including (as a percent of output of former USSR) metalcutting machine tools (5.5%), forging-pressing machines (1.9%), electric motors (9%), tires (1.5%), knitted wear (4.4%), hosiery (3.0%), shoes (2.2%), silk fabric (0.8%), washing machines (2.0%), chemicals, trucks, watches, instruments, and microelectronics (1990); currently, much of industry is shut down
Agriculture: only 17% of land area is arable; employs 31% of labor force as residents increasingly turn to subsistence agriculture; fruits (especially grapes) and vegetable farming, minor livestock sector; vineyards near Yerevan are famous for brandy and other liqueurs
Illicit drugs: illicit cultivator of cannabis mostly for domestic
consumption; used as a transshipment point for illicit drugs to
Western Europe
Economic aid:
recipient: considerable humanitarian aid, mostly food and energy
products, from US and EU; Russia granted 60 billion rubles in
technical credits in late 1994 and approved a 110 billion ruble credit
almost half of which was to go toward the restart of the Metsamor
nuclear power plant
Currency: 1 dram = 100 luma (introduced new currency in November 1993)