BAKU, Azerbaijan, November 19. The trade turnover of Azerbaijan with European countries exceeded $25.2 billion from January through October 2022, while the share of these countries in Azerbaijan’s total foreign trade turnover accounted for 54.48 percent, Trend reports citing the Azerbaijani State Customs Committee (SCC).
Trade turnover between Azerbaijan and European countries:
|
Country |
Export ($) |
Share (percent) |
Import ($) |
Share (percent) |
|
Germany |
$399.8 million |
1.71 |
$517.1 million |
27.94 |
|
Austria |
$90.6 million |
0.39 |
$64.8 million |
3.50 |
|
Belgium |
$10.37 million |
0.04 |
$55.1 million |
2.98 |
|
Bulgaria |
$286.27 million |
1.22 |
$28.26 million |
1.53 |
|
Czech Republic |
$660.6 million |
2.83 |
$46.9 million |
2.54 |
|
Denmark |
$77,020 |
- |
$18.47 million |
1.00 |
|
Estonia |
$1.7 million |
0.01 |
$5.9 million |
0.32 |
|
Finland |
$440,010 |
- |
$123.5 million |
6.67 |
|
France |
$49.57 million |
0.21 |
$186.18 million |
10.06 |
|
Croatia |
$952.39 million |
4.07 |
$11.27 million |
0.61 |
|
Ireland |
$337.19 million |
1.44 |
$21.89 million |
1.18 |
|
Spain |
$832.8 million |
3.56 |
$71.17 million |
3.85 |
|
Sweden |
$18.5 million |
0.08 |
$40.4 million |
2.18 |
|
Italy |
$17.09 billion |
73.13 |
$258.79 million |
13.98 |
|
Cyprus |
$8.6 million |
0.04 |
$1.8 million |
0.10 |
|
Latvia |
$18.78 million |
0.08 |
$15.15 million |
0.82 |
|
Lithuania |
$6.1 million |
0.03 |
$19.1 million |
1.03 |
|
Luxembourg |
$67.36 million |
0.29 |
$4.3 million |
0.23 |
|
Hungary |
$1.8 million |
0.01 |
$35.6 million |
1.93 |
|
Malta |
$21.5 million |
0.09 |
$114,980 |
0.01 |
|
Netherlands |
$123.06 million |
0.53 |
$84.3 million |
4.56 |
|
Poland |
$17.29 million |
0.07 |
$91.35 million |
4.94 |
|
Portugal |
$641.9 million |
2.75 |
$10.5 million |
0.57 |
|
Romania |
$376.98 million |
1.61 |
$63.69 million |
3.44 |
|
Slovakia |
$266,340 |
- |
$40.5 million |
2.19 |
|
Slovenia |
$274,070 |
- |
$17.06 million |
0.92 |
|
Greece |
$1.35 billion |
5.80 |
$16.9 million |
0.91 |
|
Total |
$23.37 billion |
100 |
$1.85 billion |
100 |
In the reporting period, Azerbaijan's trade turnover with European countries grew by 2.19 times or $13.7 billion year over year.
Azerbaijan's foreign trade turnover increased by 76.8 percent, or $20.12 billion from January through October 2022 compared to the same period in 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 in 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).