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FOREIGN TRADE

Politics Materials 1 August 2005 18:33 (UTC +04:00)

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

Source: State Customs Committee
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