Baku, Azerbaijan, Oct. 15
By Azad Hasanli - Trend:
Azerbaijan plans to export products worth $26.8 billion in 2015, the presentation of Azerbaijan's state and consolidated budget projects for next year, released by the Ministry of Finance, says.
Around $ 2.7 billion of a total volume of exports will account for the non-oil sector, which is 0.5 billion more than the forecast for 2014 and $ 0.9 billion more than the actual index of the previous year, according to the forecasts.
The import is expected to reach $11.1 billion in 2015. Around $ 9.5 billion or 85.2 percent account for the share of non-oil products.
The country's foreign trade turnover amounted to $ 21 billion in January-August this year or by 9.2 percent less than in the same period of last year.
The export volume declined by 3.78 percent - to $15.35 billion compared to the same period of last year.
A decrease in export operations is mainly connected with a decrease in oil supplies, the document says.
Azerbaijan exported oil worth $ 16 billion, petroleum products - by $1.2 billion, natural gas - $1.3 billion for the first eight months of 2014.
As in previous years, Azerbaijan's oil, gas and petroleum products were mainly exported in January-August 2014. Most of the exports (85.53 percent) accounted for oil. Oil exports reduced by 2.18 percent compared to the same period of 2013.
Azerbaijan imported goods worth $5.6 billion in January-August or by 21.29 percent less than in the same period of last year.
Most of the imports - 29.77 percent in the reporting period accounted for the supply of machines, equipment, electrical equipment and spare parts. The machinery and equipment in the amount of $1.671 billion were imported in January-August 2014 or by 5.69 percent less than in the same period of 2013.
The surplus of the foreign trade turnover amounted to $9.8 billion.