BAKU, Azerbaijan, April 12. The balance of foreign trade is also very positive. The positive balance in just three months has been more than $5 billion, President of the Republic of Azerbaijan Ilham Aliyev said during a meeting dedicated to the results of the first quarter of 2022, Trend reports.
"This is a very large number. Experts will know that this balance is negative in most countries around the world. Countries import more than they export. In Azerbaijan, in just three months, we have earned $5.1 billion – our exports exceed imports. Of course, I am sure that this figure will increase even more by the end of the year. This has had a strong impact on macroeconomic stability. There has also been an increase in our foreign exchange reserves. Our foreign exchange reserves have increased in three months. Therefore, we can rightly be proud of all these indicators. But this does not mean that we should be complacent with these achievements. No! Developments in the world are moving in a negative direction. Clashes and wars are flaring up," the head of state said.