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Azerbaijan shares data on wheat imports

Economy Materials 30 January 2023 12:15 (UTC +04:00)
Azerbaijan shares data on wheat imports
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, January 30. Azerbaijan imported 1.2 million tons of wheat in 2022, which is 12.6 percent, or 144,890 tons more than in 2021, Trend reports via the State Customs Committee of Azerbaijan.

According to the committee, in value terms, wheat imports exceeded $436.5 million (an increase of 31.6 percent over the year).

The share of wheat imports in the reporting period amounted to 3 percent of Azerbaijan's total imports.

Azerbaijani food imports in value terms increased by 22.45 percent from January through December 2022, or $433.2 million, to $2.3 billion over the year.

Azerbaijan's foreign trade turnover totaled $52.6 billion in 2022, up by $18.7 billion (55.36 percent) on an annual basis - from $33.9 billion to $52.6 billion.

Out of the total value, $38.1 billion accounted for exports, which is $15.94 billion (71.8 percent) more than in 2021. The share of exports in the foreign trade turnover made up 72.4 percent against 65.48 percent a year earlier.

Azerbaijan's imports last year increased by $2.8 billion (24.21 percent) from $11.7 billion to $14.54 billion compared to 2021. The share of imports in foreign trade turnover amounted to 27.6 percent against 34.52 percent a year earlier.

As a result, the balance of foreign trade turnover, remaining positive, grew over the year by more than $13.1 billion (2.2 times) to $23.6 billion against $10.5 billion in 2021.

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