FOREIGN TRADE

In July foreign trade turnover reduced. The monthly foreign trade balance became red.

The foreign trade turnover comprised $4.18bn.

The growth pace of export grew 10.83% and comprised $1.61bn.

Meanwhile, import rose 39.98% and comprised $2,57bn. The

In this period foreign trade ended with a balance at $0.96bn in red. Export of products grew in every category except crude oil and raw cotton.

Over the first 7 months of 2005 crude export reduced 38.25% following cur in SOCAR export volumes via the Baku-Novorossiysk route. In this period the SOCAR shipped 990,500 tons of Ural oil from the Novorossiysk port, or 500,500 tons down as compared to 2004. Raw cotton export dropped 14.89%.

Structure of export in January to July 2005

Product

Special weight in export, in %

As compared to 2004, in%

Crude oil

39,29

61,75

Oil products

36,69

166,37

Ferrous and non-ferrous metal and wares of them

1,82

111,74

Alcohol and alcohol-free spirits

0,25

165,21

Chemical products

4,19

150,43

Cotton

1,01

85,11

Tobacco and tobacco products

0,71

122,77

Precious metals

1,93

111,79

Fruits and vegetables

2,72

208,61

Fat and vegetable oil

3,26

153,55

Others

8,12

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 July, in %

same time the import of foodstuff, ferrous metal and wares of it, as well as pharmaceutics products dropped.

Structure of import in January to July, in %

Product

Special weight in import, in %

As compared to 2005, %

Foodstuff

7,65

90,21

Oil gas and other gas-like hydrocarbons

7,17

113,17

Consumer goods

1,44

130,01

Machines and equipment

36,56

173,03

Transport conveyances and spare parts to them

8,45

205,44

Ferrous meta and wares of them

9,50

78,62

Furniture

0,69

103,50

Woods

1,17

126,04

Pharmaceutical products

0,61

89,34

Other

26,76

Source: State Customs Committee

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