BAKU, Azerbaijan, Dec. 11
By Khagan Isayev - Trend:
The value of Azerbaijani exports to CIS countries from January through October 2021 increased, Trend reports citing the State Statistics Committee of Azerbaijan.
According to the committee, this figure exceeded $1.4 billion, up by $351.94 million (24.31 percent) on annual basis.
In the first 10 months of this year, the share of CIS countries in the total Azerbaijani exports amounted to 8.59 percent, the committee said.
Meanwhile, Azerbaijani imports from the mentioned countries exceeded $2.72 billion, which is 24.35 percent of the total Azerbaijani import.
Thus, the balance of foreign trade turnover between Azerbaijan and CIS countries was negative, settling at nearly $825 million.
The top importer of Azerbaijani products from January through October 2021 among the countries in value terms was Russia ($696.9 million), followed by Ukraine ($421.5 million), Belarus ($ 233.2 million), Kazakhstan ($31.318 million), Turkmenistan ($27.97 million) and Uzbekistan ($24.73 million).
Totally, Azerbaijan's foreign trade turnover exceeded $26.1 billion. Of these, over $16.8 billion (64.56 percent) accounted for exports, and more than $9.3 billion (35.44 percent) - imports.
The balance of foreign trade turnover of Azerbaijan, remaining positive, increased by 2.2 times on an annual basis - up to 7.5 billion manat ($4.4 billion), while in 10M2021, the foreign trade surplus amounted to over $3.4 billion.