25.Nov .2020 00:05

Azerbaijan’s Positive Trade Balance Reached US$ 2286, 8 MLN

Azerbaijan’s Positive Trade Balance Reached US$ 2286, 8 MLN
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Trade turnover of Azerbaijan on January-August 2020 made US$15667, 8 million. Out of which US$ 8977, 3 million or 57, 3% of trade turnover made the export value, US$ 6690, 5 million, or 42, 7% – import value. Consequently, the positive trade balance reached US$ 2286, 8 million. 
 
In comparison with the same period of the prior year, trade turnover decreased in actual price by 29, 8%, in real terms by 22, 9%, including import – 42, 2%, export - 8, 9%, the recent data of the State Statistical Committee of the Republic of Azerbaijan, states.
 
On January-August 2020 the export of non-oil gas products, compared to the corresponding period of the previous year, decreased in actual price by 9,7%, while in real terms it decreased by 18,4% and made 1153,2 million USD.
 
According to the State Customs Committee data, 31,2% of export value was formed based on goods exported to Italy, 19,4% - Turkey, 4,7% – Russia, per 4,2% – China and India, 3,9% - Israel, 3,5% - Greece, per 3,4% - Croatia and Georgia, 2,8% – Ukraine, 2,3% - Spain, 1,9% - Czech Republic, 1,7% – Tunisia, 1,5% - Germany, and the rest 11,9% - other countries.
 
The share of goods sent to Russia (39,0%), Turkey (19,7%), Switzerland (12,0%), Georgia (8,0%), China (2,8%), Ukraine (2,3%), Italy (1,8%), Kazakhstan (1,5%), Iran (1,2%), Belarus (1,0%), Turkmenistan (1,0%), USA (0,9%) was prevailed in export value on non-oil gas products. 18,7% of total value of goods imported to Azerbaijan was per the share of Russia, 14,7% – Turkey, 13,3% - China, 7,4% - USA, 5,3% – Germany, 4,2% –Ukraine, 4,1% - Italy, 3,0% – UK, 2,7% – Iran, 2,0% – Japan,  1,8% – Korea, 1,7% - France and 21,1% - other countries.