BAKU, Azerbaijan, April 18. Azerbaijan's foreign trade turnover increased from January through March 2022, Trend reports via the State Customs Committee (SCC).
According to the committee, this figure amounted to $10.9 billion, up by $4.24 billion (38.87 percent) compared to the first quarter of 2021 ($6.6 billion).
Besides, $7.98 billion in the foreign trade turnover from January through March this year fell on exports, up by $3.8 billion (almost two times) compared to 1Q2021.
In the reporting period, the share of exports in the foreign trade turnover amounted to 73.17 percent against 62.05 percent in the first three months of last year.
Meanwhile, Azerbaijan's imports rose by $397 million (15.7 percent), from $2.53 billion (recorded in 1Q2021) to $2.9 billion. The imports’ share in the foreign trade turnover totaled 26.83 percent against 37.95 percent in 1Q2021.
As a result, the positive balance of the foreign trade turnover increased on annual basis by more than $3.4 billion, or over 3.1 times, up to slightly over $5 billion against $1.6 billion recorded from January through March last year.