Trade down 60%: officials
Azerbaijan`s trade turnover has more than halved.
The country carried out trade transactions with 120 states worth
$6.8 billion in January-May, compared to over $17 billion in the
same period of 2008. Thus, the commodities turnover is down 60.3%,
according to the State Customs Committee.
Exports accounted for most of the volume. Azerbaijan exported 1,300 types of goods totaling $4.591bn, while imported 4,797 types of goods worth $2.262bn in the reporting period. Thus, a positive balance of $2.329bn was posted.
The bulk of exported goods decreased by $10.278 billion, or 69.1%, while imports went down $201 million, or 8.2%, in comparison with last year`s five months.
Crude oil accounted for 78.6% of exports, while oil products - 13.25%.
Exports accounted for most of the volume. Azerbaijan exported 1,300 types of goods totaling $4.591bn, while imported 4,797 types of goods worth $2.262bn in the reporting period. Thus, a positive balance of $2.329bn was posted.
The bulk of exported goods decreased by $10.278 billion, or 69.1%, while imports went down $201 million, or 8.2%, in comparison with last year`s five months.
Crude oil accounted for 78.6% of exports, while oil products - 13.25%.
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
Subscribe
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!