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FOREIGN TRADE

Politics Materials 2 December 2005 12:10

In October foreign trade turnover reduced. The monthly foreign trade balance became black and grew.

The foreign trade turnover comprised $7.21bn.

The growth pace of export grew 34.34% and comprised $3.70bn.

Meanwhile, import rose 24.98% and comprised $3,52bn. The

In this period foreign trade ended with a balance at $0.19bn in red.

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

Over the first 10 months of 2005 crude export via the Baku-Novorossiysk route grew. The SOCAR exported 0.240 tons of oil in September, while in October it pumped 78,600 tons.

Structure of export in January to October 2005

Product

Special weight in export, in %

As compared to 2004, in%

Crude oil

53,13

119,46

Oil products

23,60

152,24

Ferrous and non-ferrous metal and wares of them

1,05

107,11

Alcohol and alcohol-free spirits

0,19

205,22

Chemical products

2,81

163,42

Cotton

0,77

107,30

Tobacco and tobacco products

0,42

146,62

Precious metals

1,16

104,70

Fruits and vegetables

3,0

330,63

Fat and vegetable oil

1,60

160,28

Others

12,27

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 October, in %

Product

Special weight in import, in %

As compared to 2005, %

Foodstuff

8,16

90,40

Oil gas and other gas-like hydrocarbons

6,75

116,08

Consumer goods

1,59

117,21

Machines and equipment

33,92

144,50

Transport conveyances and spare parts to them

9,52

184,31

Ferrous meta and wares of them

9,94

76,03

Furniture

0,69

99,47

Woods

1,17

126,72

Pharmaceutical products

0,64

94,16

Other

27,63

Source: State Customs Committee

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