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FOREIGN TRADE

Politics Materials 3 October 2005 11:14

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

The foreign trade turnover comprised $5.05bn.

The growth pace of export grew 5.73% and comprised $2.14bn.

Meanwhile, import rose 37.87% and comprised $2,91bn. The

In this period foreign trade ended with a balance at $0.77bn in red.

Export of products grew in every category except crude oil and raw cotton.

Over the first 8 months of 2005 crude export reduced 34.71% following cut in SOCAR export volumes via the Baku-Novorossiysk route. SOCAR was obliged such step due to commencement of big oil production from the ACG and insufficiency of existing export pipelines.

Structure of export in January to August 2005

Product

Special weight in export, in %

As compared to 2004, in%

Crude oil

rude oil

34,79

4,79

65,29

Oil products

il products

32,60

2,60

160,12

Ferrous and non-ferrous metal and wares of them

errous and non-ferrous metal and wares of them

1,58

,58

118,25

Alcohol and alcohol-free spirits

0,22

174,28

Chemical products

hemical products

3,70

,70

161,03

Cotton

otton

0,77

,77

87,33

Tobacco and tobacco products

obacco and tobacco products

0,62

,62

139,11

Precious metals

recious metals

1,67

,67

111,52

Fruits and vegetables

ruits and vegetables

2,17

,17

216,39

Fat and vegetable oil

at and vegetable oil

2,46

,46

153,86

Others

thers

19,42

9,42

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 August, in %

Product

Special weight in import, in %

As compared to 2005, %

Foodstuff

7,66

89,59

Oil gas and other gas-like hydrocarbons

7,04

123,50

Consumer goods

1,47

125,93

Machines and equipment

35,91

167,74

Transport conveyances and spare parts to them

9,02

201,44

Ferrous meta and wares of them

9,51

77,19

Furniture

0,67

95,89

Woods

1,16

123,57

Pharmaceutical products

0,60

90,66

Other

26,96

Source: State Customs Committee

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