BAKU, Azerbaijan, Dec. 30
By Khagan Isayev - Trend:
Azerbaijan increased export of silk almost sixfold or by $2.8 million from January through November 2021 compared to the same period of last year up to more than $3.4 million, Trend reports on Dec. 30 citing a report from the Azerbaijani State Customs Committee.
According to the State Customs Committee, the share of silk in Azerbaijan’s total export volume in the reporting period reached 0.02 percent.
According to the report, Azerbaijan's import of silk reached $30,740 from January through November 2021, which is by 20.03 percent or $7,700 less compared to the same period of last year.
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 last year - 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.
(1 USD = 1.7 AZN on Dec. 30)