Foreign investments in Azerbaijan $8.7bn in 2011
Foreign investments worth $8.7 billion were made in Azerbaijan in 2011, with 39.3 percent of the funds channeled into the oil sector, according to official estimates.
Azerbaijan conducted foreign trade transactions totaling $36.3 billion last year. Exports accounted for $26.6 billion (73.1 percent) of the amount and imports - $9.7 billion (26.9 percent), resulting in a positive trade turnover balance of $16.9bn, the State Statistics Committee said.
15.1 percent of the trade was carried out with other CIS countries.
Goods delivered from CIS made up $2.5bn, or 26.2 percent, of the total volume of the South Caucasus republic’s imports. In the country’s exports, the share of these countries was $2.9bn (11 percent).
Most of Azerbaijan’s trade was carried out with Italy, Russia, France, the United States, Turkey, Ukraine, Germany, Indonesia, Israel, Belarus, Malaysia, China, South Korea and Georgia.
Azerbaijan received humanitarian and technical assistance totaling $32.7 million in 2011.
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