BAKU, Azerbaijan, January 28. The trade turnover of Azerbaijan with European countries exceeded $27.3 billion from January through December 2022, while the share of these countries in Azerbaijan’s total foreign trade turnover accounted for 51.9 percent, Trend reports citing the Azerbaijani State Customs Committee.
Trade turnover between Azerbaijan and European countries:
|
Country |
Export |
Share (percent) |
Import |
Share (percent) |
|
Germany |
$591.3 million |
2.36 |
$663.59 million |
28.42 |
|
Austria |
$90.76 million |
0.36 |
$82.4 million |
3.53 |
|
Belgium |
$11.04 million |
0.04 |
$66.3 million |
2.84 |
|
Bulgaria |
$292.1 million |
1.17 |
$33.29 million |
1.43 |
|
Czech Republic |
$922.19 million |
3.69 |
$67.39 million |
2.89 |
|
Denmark |
$252,130 |
- |
$22.36 million |
0.96 |
|
Estonia |
$2.2 million |
0.01 |
$7.15 million |
0.31 |
|
Finland |
$497,560 |
- |
$130.36 million |
5.58 |
|
France |
$50.9 million |
0.20 |
$222.85 million |
9.55 |
|
Croatia |
$952.39 million |
3.81 |
$11.7 million |
0.50 |
|
Ireland |
$400 million |
1.6 |
$26.05 million |
1.12 |
|
Spain |
$1 billion |
4.03 |
$94.78 million |
4.06 |
|
Sweden |
$18.9 million |
0.08 |
$51.15 million |
2.19 |
|
Italy |
$17.78 billion |
71.1 |
$340.4 million |
14.58 |
|
Cyprus |
$9.8 million |
0.04 |
$2.28 million |
0.10 |
|
Latvia |
$27.6 million |
0.11 |
$18.7 million |
0.80 |
|
Lithuania |
$6.5 million |
0.03 |
$26.4 million |
1.13 |
|
Luxembourg |
$80 million |
0.32 |
$5.59 million |
0.24 |
|
Hungary |
$2.3 million |
0.01 |
$45.07 million |
1.93 |
|
Malta |
$22.37 million |
0.09 |
$168,030 |
0.01 |
|
Netherlands |
$131.96 million |
0.53 |
$106.97 million |
4.58 |
|
Poland |
$21.45 million |
0.09 |
$119.5 million |
5.12 |
|
Portugal |
$743.4 million |
2.97 |
$13.2 million |
0.57 |
|
Romania |
$446.8 million |
1.79 |
$71.5 million |
3.06 |
|
Slovakia |
$266,340 |
- |
$52.5 million |
2.25 |
|
Slovenia |
$1.16 billion |
- |
$24.3 million |
1.04 |
|
Greece |
$1.39 billion |
5.57 |
$28.37 million |
1.22 |
|
Total |
$25 billion |
100 |
$2.3 billion |
100 |
In the reporting period, Azerbaijan's trade turnover with European countries grew by 79.88 percent or $12.1 billion year over year.
Azerbaijan's foreign trade turnover increased by 55.36 percent, or $18.77 billion following the 2022 results compared to 2021, from $33.9 billion to $52.6 billion.
During this period, $38.1 billion of the foreign trade turnover accounted for exports, up by $15.94 billion or 71.8 percent against the same period of 2021. The share of exports in the foreign trade turnover amounted to 72.4 percent against 65.48 percent a year earlier.
Azerbaijan's imports in the period under review rose by $2.8 billion (24.21 percent) year over year, from $11.7 billion to $14.54 billion. The imports’ share in foreign trade turnover totaled 27.6 percent against 34.52 percent in the same period of 2021.
Meanwhile, the positive balance of foreign trade turnover went up by over $13.1 billion or 2.2 times year over year, up to $23.606 billion (against $10.5 billion in 2021).