29.Dec .2020 23:00

Positive Trade Balance of Azerbaijan Reached US$ 2359,4 M in 2020

Positive Trade Balance of Azerbaijan Reached US$ 2359,4 M in 2020
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Foreign trade turnover of Azerbaijan on January-October 2020 made US$ 19894, 2 million. US$ 11126, 8 million or 55, 9% of trade turnover made the export value, US$ 8767, 4 million (44, 1%) – import value and consequently positive trade balance reached US$ 2359, 4 million. In comparison with January-October 2019 foreign trade turnover decreased in actual price by 27, 5%, in real terms by 21, 7%, including import – 37, 6%, export - 10, 4%.
 
During Jan-Oct 2020 legal and natural entities of the Republic of Azerbaijan realized trade operations with their partners in 182 countries of the world, goods were exported to 107 countries and imported from 173 countries.
 
During the report period, export of non-oil gas products, compared to corresponding period of 2019, decreased in actual price by 8,2%, while in real terms it decreased by 17,7% and made US$ 1444,4 million.
 
According to the State Customs Committee data, 31,7% of export value was formed based on goods exported to Italy, 19,0% - Turkey, 4,6% – Russia, 3,7% - Croatia, 3,5% - Greece, per 3,4% – China, India and Israel, 3,3% - Georgia, 2,7% - Spain, 2,6% – Ukraine, 2,4% – Tunisia, 1,9% - Germany, 1,8% - Czech Republic, 1,4% - Switzerland and the rest 11,2% - other countries.
 
The share of goods sent to Russia (38,1%), Turkey (19,8%), Switzerland (12,2%), Georgia (7,6%), China (2,4%), Ukraine (2,4%), Italy (1,8%), Iran (1,7%), Kazakhstan (1,5%), USA (1,2%), Germany (1,0%), Belarus (1,0%) was prevailed in export value on non-oil gas products.
 
18,6% of total value of goods imported to Azerbaijan was per the share of Russia, 14,5% – Turkey, 13,1% - China, 6,5% - USA, 5,3% – Germany, 4,0% – Ukraine, per 3,9% - France and Italy, 2,8% – UK, 2,7% – Iran, 1,8% – Japan, 1,7% – Korea, and 21,2% - other countries.
 
On Jan-Oct 2020 compared to corresponding period of previous year export of main types of products like fresh vegetable increased by 4,1%, potato – 31,7%, fruit and vegetable juice – 20,7%, vegetable oils – 51,1%, margarine, other mixtures fit for food – 20,7%, cotton fiber – 11,4%, polyethylene – 15,6%, ferrous metal pipes – 1,9 times, bentonite clay – 3,8%, while export of fresh fruit decreased by 13,0%, sugar – 30,0%, tobacco – 26,1%, tea – 5,5%, fruit and vegetable cans – 0,2%, natural grape wine and cellar – 59,0%, unprocessed aluminum – 22,4%, cotton yarn – 35,6%, semi-finished ferrous metals - 54,8%.
 
This year, compared to January-October 2019 import of vegetable oils increased by 8,8%, fresh fruit – 13,2%, butter, other milk fats and pastas – 22,9%, tea – 2,1%, beef – 17,6%, fresh vegetable – 37,5%, motor cars – 24,8%, medical products – 46,0%, computing machinery, blocks and installations – 23,3%, ferrous metal rods – 1,6 times, while import of wheat decreased by 16,7%, raw sugar and sugar – 18,1%, potato – 9,8%, poultry meat and its additional products – 20,5%, cigarettes – 75,4%, ferrous metal pipes – 20,2%, steel rolling – 8,8%, mineral fertilizers – 5,2%, rubber tires – 17,8%, furniture – 23,8%, domestic trucks – 7,8%, air conditioners – 33,0%, polyethylene – 24,2%, washing machines – 3,7%, ferrous metal corners – 12,0%, busses - 64,6%, domestic refrigerators – 7,4%, cement and cement clinker – 25,9%.