BAKU, Azerbaijan, August 17. Azerbaijan's foreign trade turnover increased by 69.91 percent or $12.3 billion from January through July 2022 (considering the statistical cost of crude oil and natural gas, the customs clearance of which was not completed) compared to the same period from $17.6 billion up to $30 billion, Trend reports referring to the State Statistical Committee of Azerbaijan.
According to the committee, $22.5 billion of foreign trade turnover fell on export, which is $11.1 billion (98.05 percent) more than in the same period the previous year. Azerbaijan's share of export in foreign trade turnover amounted to 75.07 percent against 64.4 percent a year earlier.
Azerbaijan's imports increased by $1.1 billion or 18.99 percent year-on-year - from $6.2 billion up to $7.4 billion. Azerbaijan's share of imports in foreign trade turnover amounted to 24.93 percent against 35.59 percent the previous year.
The balance of foreign trade turnover, while remaining positive, increased year-on-year by more than $9.9 billion, or more than 2.95 times - to $15 billion against $5 billion from January through July 2021.