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Country's foreign trade hits $30.7bn

16 January 2022 10:00 (UTC+04:00)
Country's foreign trade hits $30.7bn

By Ayya Lmahamad

The volume of Azerbaijan’s foreign trade turnover amounted to $30.7 billion during January-November 2021, the State Statistics Committee has reported.

Out of the total turnover, exports amounted to $20.3 billion or 66.1 percent, while imports amounted to $10.4 billion or 33.9 percent. Overall, the country's foreign trade turnover resulted in a surplus of $9.9 billion.

Compared to the corresponding period in 2020, the country's foreign trade turnover increased by 40.7 percent in actual prices and by 0.8 percent in real terms.

Moreover, legal entities and individual entrepreneurs in the country carried out trade operations with partners in 186 countries. Goods were exported to 117 countries and imported from 173 countries.

During the reported period, exports of non-oil and gas products increased by 44.1 percent in an actual term, and by 33.8 percent in real terms, compared to the same months of 2020, and amounted to $2.3 billion.

The top five countries importing Azerbaijani products were Italy with 41.2 percent of exports, Turkey with 12.8 percent, Russia with 4.1 percent, Israel with 4 percent, and Croatia with 3.8 percent.

In terms of the non-oil and gas products export, the most export volume accounts for Russia (32.4 percent), Turkey (24.8 percent), Switzerland (8.7 percent), Georgia (6.1 percent), and Brasil (3 percent).

Azerbaijan's top importers are Russia with 17.8 percent, Turkey with 15.9 percent, China with 14 percent, Germany with 5.5 percent, and Ukraine with 4 percent.

It should be noted that last year, the country's main trade partners were Italy, Turkey, Russia, Greece and Croatia. Azerbaijan's total trade turnover amounted to $24.4 billion in 2020.


Ayya Lmahamad is AzerNews’ staff journalist, follow her on Twitter: @AyyaLmahamad

Follow us on Twitter @AzerNewsAz

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