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Azerbaijan's trade turnover with major trading partners significantly increases

Economy Materials 17 August 2022 16:08 (UTC +04:00)
Azerbaijan's trade turnover with major trading partners significantly increases
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, August 17. The trade turnover between Azerbaijan with 10 major trading partners amounted to $22.3 billion from January through July 2022 (an increase by 77.11 percent or $9.7 billion), Trend reports citing the Azerbaijani State Customs Committee (SCC).

According to the committee, Italy retained the status of Azerbaijan's largest trading partner with a turnover of about $11 billion (an increase of 139.74 percent over the year). Türkiye is the second trading partner with more than $ 3.3 billion (an increase of 35 percent over the year) and Russia – $ 1.8 billion (an increase of 20.86 percent over the year).

Comparative table of TOP-10 trading partners of Azerbaijan:

January-July 2022

January-July 2021

Country

Trade turnover ($)

Share (percent)

Country

Trade turnover ($)

Share (percent)

Italy

$11 million

36.84

Italy

$4.6 million

26.11

Türkiye

$3.3 million

11.24

Türkiye

$2.5 million

14.14

Russia

$1.8 million

6.23

Russia

$1.5 million

8.76

India

$1.18 million

3.94

China

$964,484

5.45

China

$1.14 million

3.82

Spain

$557,748

3.15

Israel

$1 million

3.48

Germany

$525,761

2.97

UK

$903,996

3.01

Croatia

$498,654

2.82

Greece

$670,431

2.23

Georgia

$480,383

2.72

Germany

$605,359

2.01

Israel

$475,976

2.69

Czech Republic

$505,346 million

1.68

Ukraine

$466,942

2.64

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