BAKU, Azerbaijan, November 18. Azerbaijan's trade turnover with the CIS (Commonwealth of Independent States) countries exceeded $4.76 billion from January through October 2022, while its share in the overall Azerbaijani foreign trade turnover reached 10.28 percent, Trend reports citing the State Customs Committee.
Azerbaijan's trade turnover with CIS countries:
|
Country |
Exports |
Share (%) |
Imports |
Share (%) |
|
Belarus |
$87.86 million |
6.76 |
$211.5 million |
6.11 |
|
Kazakhstan |
$76.02 million |
5.85 |
$416.049 million |
12.02 |
|
Kyrgyzstan |
$4.3 billion |
0.33 |
$4.65 million |
0.13 |
|
Moldova |
$11.1 million |
0.85 |
$3.5 million |
0.1 |
|
Uzbekistan |
$36.2 million |
2.79 |
$110.7 million |
3.19 |
|
Russia |
$719.09 million |
55.33 |
$2.148 billion |
62.07 |
|
Tajikistan |
$4 million |
0.3 |
$102,000 |
- |
|
Turkmenistan |
$15.58 million |
1.2 |
$361.65 million |
10.44 |
|
Ukraine |
$345.17 million |
26.56 |
$204.5 million |
5.9 |
|
Total |
$1.29 billion |
100 |
$3.46 billion |
100 |
In the reporting period, Azerbaijan's trade turnover with CIS countries has increased by 27.98 percent, or $1.04 billion year over year. The share of these countries in the country's total import and export operations dropped by 7.9 percentage points (18.18 percent), amounting to 10.28 percent.
Azerbaijan's foreign trade turnover increased by 76.8 percent, or $20.12 billion from January through October 2022 compared to the same period of 2021, from $26.18 billion to $46.299 billion.
In the reporting period, $34.7 billion of the foreign trade turnover accounted for exports, up by $17.86 billion (twice) compared to the same period of 2021. The share of exports in the foreign trade turnover amounted to 74.97 percent against 64.35 percent a year earlier.
Azerbaijan's imports in the first ten months of 2022 grew by $2.25 billion (24.15 percent) year on year, from $9.3 billion to $11.587 billion. The imports’ share in foreign trade turnover totaled 25.03 percent against 35.65 percent in the same period of 2021.
During this period, the positive balance of foreign trade turnover rose by over $15.6 billion or three times year over year, up to $23.12 billion (against $7.5 billion from January through October 2021).