Azerbaijan's foreign trade turnover increases in 9M2021

Economy Materials 18 October 2021 15:30 (UTC +04:00)
Azerbaijan's foreign trade turnover increases in 9M2021

BAKU, Azerbaijan, Oct.18

By Sadraddin Aghjayev - Trend:

Azerbaijan's foreign trade turnover has increased from January through September 2021, Trend reports on Oct.18 citing a report from the Azerbaijani State Customs Committee (SCC).

According to the committee, this indicator reached over $22.9 billion, up by $4.5 billion or 24.8 percent, compared to the first nine months of 2020 ($18.4 billion).

Some $14.6 billion accounted for export in the structure of foreign trade turnover from January through September this year, which is by $4 billion (38.2 percent) more than in the same period of 2020. The share of export reached 63.68 percent against 57.49 percent a year earlier.

Meanwhile, Azerbaijan's imports exceeded $8.3 billion, increasing by $521 million or 6.65 percent compared to the 9M2020 ($7.8 billion). The share of imports in the foreign trade turnover amounted to 36.32 percent against 42.51 percent recorded over the first nine months of last year.

The balance of foreign trade turnover on annual basis increased by $3.5 billion or 128 percent, and, remaining positive, amounted to $6.2 billion (against $2.7 billion from January through September 2020), added the SCC.


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