By Ayya Lmahamad
Azerbaijan’s foreign trade surplus amounted to $3 billion in 2020, the State Customs Committee has reported.
During the year, the country’s foreign trade turnover amounted to $24.4 billion. Of the total turnover, export amounted to $13.7 billion or 56.1 percent, while import to $10.7 billion or 43.8 percent, resulting in the surplus of the $3 billion.
Moreover, legal entities and individual entrepreneurs in the country carried out trade operations with partners in 183 countries.
In terms of export, CIS countries accounted for $1.3 billion or 9.5 percent, EU countries for $6.8 billion or 49.4 percent and other countries for $5.6 billion or 41 percent of the total country's export. In addition, the highest volume of export operations during the year, fall for January with $2.1 billion, and lowest for May with $665.4 million.
As to the import, European Union countries accounted for $2.5 billion or 23.5 percent, CIS countries for $2.8 billion or 26.1 percent and other countries for $5.3 billion for 50.3 percent of the total country's import during the reporting period. The highest volume of import operations during the year fell for September with $1.1 billion, and lowest for January with $721 million.
Furthermore, during the year 912,362 tons of cargoes were transported by sea, 7.1 million tons of cargoes were transported by railway and 3.7 million tons of cargoes by car. Some 67,747 tons of cargoes were transported by air during 2020.
In the structure of exports, the main volume came from products of the oil and gas sector with 86.5 percent, while non-oil and gas sector amounted for 13.4 percent of the total export's volume.
Additionally, during the reported period, Azerbaijan's main export transactions were with Italy with $4.1 billion, Turkey with $2.5 billion, Russia with $709.3 million, Greece with $523.3 million and Croatia with $470.8 million.
Azerbaijan's main import transactions during the reported period were with Russia with $1.9 billion, Turkey with $1.5 billion, China with $1.4 billion, U.S. with $635.9 million and Germany with $583.4 million.
Ayya Lmahamad is AzerNews’ staff journalist, follow her on Twitter: @AyyaLmahamad
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