Italy remains Azerbaijan’s main foreign trade partner in 2015
Baku, Azerbaijan, Jan. 22
By Azad Hasanli - Trend:
Italy remained Azerbaijan's main foreign trade turnover in 2015, said the report issued by the country's State Customs Committee.
During the reporting period, the trade turnover between Azerbaijan and Italy stood at $2.8 billion or 13.77 percent of the total volume of the country's trade operations, according to the report.
Italy is followed by Germany with trade turnover of $1.9 billion (9.27 percent), Russia - $1.85 billion (8.98 percent), Turkey - $1.5 billion (7.15 percent) and the US - $1.2 billion (5.74 percent).
No changes were observed in top 5 foreign trade partners of Azerbaijan in December compared to November. The share of these countries in the total trade turnover totaled nearly 45 percent.
During the reporting period, the largest volume of export from Azerbaijan accounted for Italy -$2.25 billion, or 19.73 percent of the total volume of the country's export.
The following countries lead among the importers of Azerbaijani products: Germany ($1.2 billion or 10.71 percent), France ($864.2 million, or 7.56 percent), Israel ($801.5 million, or 7.02 percent), the Czech Republic ($549.5 million, or 4.81 percent). The share of these countries in Azerbaijan's export stood at nearly 50 percent.
No changes took place in the TOP 5 of foreign trade partners of Azerbaijan during the month.
The following countries entered the top 5 for the import volume: Russia ($1.4 billion) which accounted for 15.6 percent of Azerbaijani import, Turkey - $1.17 billion (12.7 percent), the US - $847.4 million (9.19 percent), Germany - $690.1 million (7.48 percent) and Japan - $558.1 million (6.05 percent).
Azerbaijan's top 5 partners for the volume of import remained unchanged in December.
The share of these countries in Azerbaijan's total import volume stood at 57.38 percent.
The volume of Azerbaijan's foreign trade operations in 2015 decreased by 33.4 percent and stood at $20.65 billion. The export and import volume totaled $11.4 billion and nearly $9.2 billion, respectively.