BAKU, Azerbaijan, Jan. 2
By Khagan Isayev - Trend:
Azerbaijan increased the export of chemical products by 25.95 percent or 136,053 tons from January through November 2021 compared to the same period of 2020 up to more than 660,170 tons, Trend reports citing the Azerbaijani State Statistics Committee's report.
According to the State Statistics Committee, the share of chemical products in Azerbaijan's total export volume in the reporting period reached 1.03 percent while in export of non-oil goods - 8.62 percent.
The export value of chemical products exceeded $203.3 million.
Moreover, export of nitrogen fertilizers by Azerbaijan exceeded 288,130 tons from January through November 2021, which is by almost 4.7 times or 226,800 tons more than in the same period of 2020 (61,330 tons). In value terms, the export of nitrogen fertilizers reached almost $93.4 million.
Azerbaijan’s foreign trade turnover as a whole increased by 32.85 percent or $7.5 billion from January through November 2021 compared to the same period of 2020 - from $22.7 billion to $30.2 billion.
The export volume reached $19.8 billion in the structure of Azerbaijan's foreign trade turnover in the reporting period while import volume - $10.4 billion, having increased in annual terms by 51.6 percent and 7.47 percent, respectively.
As a result, while remaining positive, the foreign trade balance increased on an annualized basis by 178 percent or $6.01 billion - to $9.4 billion from January through November 2021 compared to $3.4 billion from January through November 2020.