In January to May 2006 the foreign trade turnover with 117 countries comprised $4138.6m.
The volume of export grew 133.49% as compared to last year and comprised $2472.5m, while import dropped 5.87% and comprised $1666.1m.
Cut in import in January to May was linked with delivery of small volume of equipment, technical appliances, goods made of ferrous metal, as well as sugar and meat. In this period foreign trade ended with a balance at $806.34m in red.
In this period the highest rate of export fell on May $1085.7m, while the lowest on January - $236.6m. As to import operations, the highest figure was fixed in May - $408.5m, while the lowest ratio in January - $253.2m.
In January to May the assistance rendered by the government and international organizations to Azerbaijan without interests through state and governmental lines, as well as international organizations comprised 11405.3 tons. The technical assistance to the country amounted to $20315,600.
Over 5 months of 2006 export of ferrous metal, cattle and vegetable oil fell in the first quarter of 2006. Export of oil products rose more than 2 times like the chemical produce, fruits and vegetables, which is explained rich wealth of Azerbaijan.
Structure of export in January to May 2006
|
Product |
Special weight in export, in % |
As compared to 2005, in% |
|
Crude oil |
58,98 |
296,46 |
|
Oil products |
25,91 |
203,08 |
|
Ferrous and non-ferrous metal and wares of them |
0,79 |
96,11 |
|
Alcohol and alcohol-free spirits |
0,19 |
192,83 |
|
Chemical products |
3,46 |
208,79 |
|
Cotton |
0,82 |
178,88 |
|
Tobacco and tobacco products |
0,43 |
111,31 |
|
Precious metals |
1,15 |
128,39 |
|
Fruits and vegetables |
1,64 |
226,53 |
|
Fat and vegetable oil |
0,97 |
74,08 |
|
Others |
5,65 |
Source: State Customs Committee
In this period the highest amount of export fell on Italy with the total amount of good worth $1,286.97, which comprises 52.05% of the all export. It is followed by Israel ($303.98m) and Turkey ($137.9).
The share of public sector in export operations made up $1499.85m (60.66%), private sector held $955.9 (38.67%). The share of export operations by physical entities comprised $16612,800 (0.67%).
Drop in import was caused by sharp cut in cars and equipment, as well as consumer goods, ferrous metal wares of it, and furniture. The same time the import of foodstuff and medicine grew.
Structure of import in January to May 2006, in %
|
Product |
Special weight in import, in % |
As compared to 2005, % |
|
Foodstuff |
9,41 |
110,8 |
|
Oil gas and other gas-like hydrocarbons |
12,58 |
156,04 |
|
Consumer goods |
1,56 |
92,65 |
|
Machines and equipment |
29,36 |
65,09 |
|
Transport conveyances and spare parts to them |
8,6 |
121,97 |
|
Ferrous meta and wares of them |
9,64 |
89,51 |
|
Furniture |
0,64 |
79,26 |
|
Woods |
1,45 |
115,47 |
|
Pharmaceutical products |
1,15 |
183,42 |
|
Other |
25,62 |
Source: State Customs Committee
The highest volume of import fell on 3 countries: Russia ($406.6m, UK ($171.8m) and Turkey ($121.9).
The share of public sector in import operations made up $496.9m (29.82%), while private sector held $1,059,500 (63.59%). The share of export operations by physical entities comprised $109,74m (6.59%).
In January to May 2006 Azerbaijan imported $640.5m worth product from the CIS, which is 38.44% of the entire import. At the same time Azerbaijan exported goods worth for $311.1m (12.58% of the entire export). The import-export operations with CIS countries ended in a balance with $329.4m.