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Volume of trade turnover between Azerbaijan and Kyrgyzstan decreases

Economy Materials 19 July 2022 17:44 (UTC +04:00)
Volume of trade turnover between Azerbaijan and Kyrgyzstan decreases
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, July 19. Trade turnover between Azerbaijan and Kyrgyzstan amounted to $4.2 million in first half of 2022 or 0.2 percent of the total Azerbaijani foreign trade turnover with the Commonwealth of Independent States (CIS) countries, Trend reports with reference to Azerbaijani State Customs Committee.

According to the committee, trade turnover between Azerbaijan and Kyrgyzstan decreased by 10.03 percent from January through June 2022 compared to the same period in 2021 ($4.7 million).

The share of Kyrgyzstan in the total trade turnover of Azerbaijan amounted to 0.07 percent from January through June 2022.

Kyrgyz imports from Azerbaijan amounted to $945,610 in first half 2022, which is 64.9 percent less than the same period in 2021 ($2.6 million).

Kyrgyz exports to Azerbaijan amounted to $3.2 million from January through June 2022, which is 63.6 percent more than in the same period in 2021 ($2.006 million).

According to committee, Azerbaijan's foreign trade turnover increased by 74.8 percent, 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 (109.7 percent) more than from January through June 2021.

The share of exports in the foreign trade turnover amounted to 74.4 percent against 62.04 percent a year earlier.

Azerbaijan's import increased by $965.8 million or 17.9 percent in reporting period (from $5.3 billion to $6.3 billion).

Share of imports in foreign trade turnover amounted to 25.5 percent against 37.9 percent a year earlier.

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