BAKU, Azerbaijan, July 18. The trade turnover between Azerbaijan with European countries exceeded $12.5 billion in the first half of 2022, while the share of these countries in Azerbaijan’s total foreign trade turnover amounted to 77.91 percent, Trend reports citing the Azerbaijani State Customs Committee (SCC).
Comparative table of trade turnover between Azerbaijan and European countries:
|
January-June 2022 |
January-June 2022 |
||||
|
Country |
Export ($) |
Share (percent) |
Country |
Import ($) |
Share (percent) |
|
Germany |
$272.3 million |
1.47 |
Germany |
$281.2 million |
4.42 |
|
Austria |
$71.1 million |
0.39 |
Austria |
$36.9 million |
0.58 |
|
Belgium |
$345,100 |
- |
Belgium |
$33.05 million |
0.52 |
|
Bulgaria |
$49.8 million |
0.27 |
Bulgaria |
$20.6 million |
0.32 |
|
Czech Republic |
$308.8 million |
1.67 |
Czech Republic |
$26.3 million |
0.41 |
|
Denmark |
$53,740 |
- |
Denmark |
$9.1 million |
0.14 |
|
Estonia |
$1.2 million |
0.1 |
Estonia |
$3.5 million |
0.06 |
|
Finland |
$281,150 |
- |
Finland |
$11.7 million |
0.18 |
|
France |
$2.2 million |
0.01 |
France |
$112.8 million |
1.77 |
|
Croatia |
$156.1 million |
0.85 |
Croatia |
$10.6 million |
0.17 |
|
Ireland |
$123.2 million |
0.67 |
Ireland |
$13.05 million |
0.21 |
|
Spain |
$345.9 million |
1.87 |
Spain |
$37.6 million |
0.59 |
|
Sweden |
$16.2 million |
0.09 |
Sweden |
$23.5 million |
0.37 |
|
Italy |
$8.9 billion |
48.55 |
Italy |
$144.3 million |
2.27 |
|
Cyprus |
$8.42 million |
0.05 |
Cyprus |
$1.1 million |
0.02 |
|
Latvia |
$12.1 million |
0.07 |
Latvia |
$10.2 million |
0.16 |
|
Lithuania |
$4.6 million |
0.03 |
Lithuania |
$9.7 million |
0.15 |
|
Luxembourg |
$16.7 million |
0.09 |
Luxembourg |
$2.4 million |
0.04 |
|
Hungary |
$570,200 |
- |
Hungary |
$19.7 million |
0.31 |
|
Malta |
$125,950 |
- |
Malta |
$47,780 |
- |
|
Netherlands |
$30.3 million |
0.17 |
Netherlands |
$42.4 million |
0.67 |
|
Poland |
$2.8 million |
0.02 |
Poland |
$51.1 million |
0.8 |
|
Portugal |
$428.1 million |
2.32 |
Portugal |
$6.3 million |
0.1 |
|
Romania |
$129.9 million |
0.7 |
Romania |
$35.2 million |
0.55 |
|
Slovakia |
$226,620 |
- |
Slovakia |
$23.1 million |
0.36 |
|
Slovenia |
$248,820 million |
- |
Slovenia |
$9.6 million |
0.15 |
|
Greece |
$578.6 million |
3.13 |
Greece |
$9.4 million |
0.15 |
|
Total |
$11.5 billion |
62.41 |
Total |
$985.5 million |
15.5 |
In the reporting period, Azerbaijan's trade turnover with European countries grew by 2.55 times, or $6.9 billion on an annual basis.
Azerbaijan's foreign trade turnover increased by 74.87 percent from January through June 2022 or $10.6 billion compared to the same period last year, from $14.2 billion to $24.8 billion.
Exports, in the structure of foreign trade turnover, accounted for $18.4 billion, which is $9.6 billion (109.73 percent) more than in the first half of 2021. The share of exports in foreign trade turnover amounted to 74.4 percent against 62.04 percent a year earlier.
Azerbaijan's imports increased by $965.8 million or 17.91 percent in the reporting period, from $5.3 billion to $6.3 billion. The share of imports in foreign trade turnover amounted to 25.6 percent against 37.9 percent a year earlier.