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Foreign trade $7.4bn in eight months

30 October 2007 16:59 (UTC+04:00)
Foreign trade $7.4bn in eight months

Most of the trade transactions – 74.2%, or almost $5.5bn - was carried out with foreign countries outside the Commonwealth of Independent States, a union of former Soviet republics. Trade with these countries rose 7.7%, while that with CIS states – 0.1%, Valiyev told the press Monday.
Goods worth $3.992bn were exported in the first eight months of 2007, or 9.1% over the same period of last year. Exports to CIS countries grew 32.5% and those to other countries - 4.9%.
The country’s imports also increased compared to January-August 2006. The figure grew 1.9% to $3.415bn. Imports from non-CIS states rose 12.2%. Russia, Turkey, Germany, Ukraine and Britain topped Azerbaijan’s imports.
73.2% of imports and 78.4% of exports were carried out in hard currency.*

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