BAKU, Azerbaijan, August 17. Azerbaijan’s import value from January through July 2022 amounted to over $7.4 billion, which is an increase of 18.9 percent, compared to the same period of 2021 ($6.2 billion), Trend reports citing a report by the State Customs Committee (SCC) of Azerbaijan.
According to the committee, the share of the public sector in the total import amounted to over $1.1 billion (15.87 percent of the total value). This figure increased by 126.1 percent year-on-year ($525.8 million over the same period of 2021).
The share of the private sector in Azerbaijani import over the reporting period of 2022, having increased by 10.7 percent year-on-year ($5.05 billion in 7 months of 2021), totaled $5.5 billion, which also accounts for 74.65 percent of the total import value.
Over $709.8 million of the total Azerbaijani import in the reporting period of 2021 fell on individuals (9.48-percent share). However, this figure slightly decreased by 1.6 percent year-on-year ($721.6 million
In total, Azerbaijan exported 7,302 and imported 2,975 units of goods, having carried out foreign trade operations with 170 partner countries.
Meanwhile, Azerbaijan's foreign trade turnover from January through July 2022 grew by 69.91 percent ($12.3 billion), compared to the same period last year – from $17.6 billion to over $30 billion.
---
Follow the author on Twitter: @mariiiakhm