In June foreign trade turnover reduced. The monthly foreign trade balance became red.
The foreign trade turnover comprised $3.40bn.
The growth pace of export grew 0.16% and comprised $1.31bn.
Meanwhile, import rose 37.88% and comprised $2,09bn. The
In this period foreign trade ended with a balance at $0.78bn in red.
Drop in export of crude delivery via the Baku-Novorossiysk pipeline was the key factor reducing the export.
Over the first 6 months of 2005 crude export reduced 18.4% following cur in SOCAR export volumes via the Baku-Novorossiysk route. Raw cotton export dropped 13.6%.
Structure of export in January to June 2005
Product |
Special weight in export, in % |
As compared to 2004, in% |
Crude oil |
39,71 |
81,61 |
Oil products |
35,23 |
163,23 |
Ferrous and non-ferrous metal and wares of them |
1,98 |
116,58 |
Alcohol and alcohol-free spirits |
0,26 |
153,64 |
Chemical products |
4,14 |
139,05 |
Cotton |
1,17 |
86,43 |
Tobacco and tobacco products |
0,79 |
197,99 |
Precious metals |
2,09 |
113,28 |
Fruits and vegetables |
2,90 |
203,15 |
Fat and vegetable oil |
3,21 |
123,84 |
Others |
8,51 |
Source: State Customs Committee
Rise in import was caused by cars and equipment, as well as natural gas and transport conveyances. The same time the import of foodstuff, ferrous metal and wares of it, as well as pharmaceutics products dropped.
Structure of import in January to June, in %
Product |
Special weight in import, in % |
As compared to 2005, % |
Foodstuff |
8,04 |
85,50 |
Oil gas and other gas-like hydrocarbons |
7,74 |
116,26 |
Consumer goods |
1,55 |
133,82 |
Machines and equipment |
41,02 |
200,16 |
Transport conveyances and spare parts to them |
7,05 |
168,05 |
Ferrous meta and wares of them |
9,98 |
81,15 |
Furniture |
0,74 |
102,39 |
Woods |
1,14 |
111,89 |
Pharmaceutical products |
0,61 |
80,11 |
Other |
22,14 |