BAKU, Azerbaijan, Dec. 21
By Sadraddin Aghjayev - Trend:
Azerbaijan's foreign trade turnover increased by 32.85 percent, or $7.5 billion from January through November 2021 compared to the same period of last year from $22.7 billion to $30.2 billion, Trend reports citing a report from the Azerbaijani State Customs Committee.
According to the State Customs Committee, $19.8 billion in the structure of foreign trade turnover accounted for export, which is by $4.6 billion (48.4 percent) more than from January through November 2020.
The share of export in foreign trade turnover reached 65.54 percent compared to 57.42 percent a year earlier.
Azerbaijan's import volume increased on an annualized basis by $724.3 million or 7.5 percent from $9.7 billion to $10.4 billion from January through November 2021.
The share of import in foreign trade turnover reached 34.46 percent compared to 42.58 percent from January through November 2021.
As a result, while remaining positive, the foreign trade balance increased on an annualized basis by $6.01 billion or 178 percent to $9.4 billion from January through November 2021 compared to $3.4 billion from January through November 2020.
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