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Azerbaijan’s trade up 48%

18 June 2010 00:54 (UTC+04:00)
Azerbaijan’s trade up 48%
Azerbaijan conducted trade transactions with 118 countries to the tune of $8.007 billion in January-April 2010, or 48.3% over the same period of 2009, the State Statistics Committee estimates.
85.1% of the trade transactions - worth $6.815bn - were carried out with countries outside the former Soviet bloc, while 14.9% with CIS states. Trade with European countries accounted for 57.6% of the amount, while 35.8% of the figure was made up by Asia, 5.4% the Americas, 1.1% by African states, and 0.1% Oceania.
Azerbaijan’s exports increased 1.8 times, while imports decreased 5.3% in comparison with January-April 2009.
Goods worth $6.246bn were exported from the country, while imports stood at $1.761bn in the first four months of this year. This resulted in a positive trade balance of $4.485bn.
27.5% of the trade was conducted with Italy. Trade with Israel accounted for 7.5% of the amount, while the share of France was 7.2%, that of Russia 6.3%, Ukraine 5.1%, Indonesia 4.8%, China 4.5%, Malaysia 3.9%, the United States 3.5%, Turkey and other states 3%.
Russia, Turkey and China topped Azerbaijan’s imports, accounting for 17.7%, 10.9% and 10.7% of the total amount of imported goods respectively.
As for Azerbaijan’s exports, the South Caucasus republic sold the most commodities to Italy (34.8%), Israel (8.9%) and France (8.6%).*

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