BAKU, Azerbaijan, February 15. Azerbaijan's trade turnover with the CIS (Commonwealth of Independent States) countries exceeded $523.683 in January 2023, while its share in the overall Azerbaijani foreign trade turnover reached 15.92 percent, Trend reports citing the State Customs Committee's bulletin.
Azerbaijan's trade turnover with CIS:
|
January 2023 |
||||
|
Country |
Exports |
Share (percent) |
Imports |
Share (percent) |
|
Belarus |
$2.6 million |
2.67 |
$19.7 million |
4.68 |
|
Kazakhstan |
$6.8 million |
6.79 |
$41.1 million |
9.75 |
|
Kyrgyzstan |
$1.01 million |
100 |
$631,000 |
0.15 |
|
Moldova |
$198,24 |
0.20 |
$321,620 |
0.08 |
|
Uzbekistan |
$3.3 million |
3.28 |
$7.9 million |
1.89 |
|
Russia |
$68.4 million |
67.70 |
$267.7 million |
63.38 |
|
Tajikistan |
$259,500 |
0.26 |
$880 |
0.00 |
|
Turkmenistan |
$4.4 million |
4.40 |
$62.5 million |
14.79 |
|
Ukraine |
$13.8 million |
13.71 |
$22.3 million |
5.28 |
|
Total |
$101.1 million |
100.00 |
$422.5million |
100.00 |
According to the bulletin, Azerbaijan's trade turnover with CIS countries decreased by $85.3 billion (14.01 percent) in January 2023 on an annual basis. The share of these countries in Azerbaijan's total import and export operations decreased by 0.93 percentage points (against 14.99 percent in 2022), making up 15.92 percent.
Azerbaijan's foreign trade turnover decreased by 19 percent, or $772 million, in January 2023 compared to the same month in 2022, from $4.061 billion to $3.289 billion.
According to the committee, in the structure of foreign trade turnover, exports accounted for $1.877 billion, which is $1.21 billion, or 1.64 times less than in the same month of 2022. The share of exports in foreign trade turnover was 57.06 percent, against 76 percent a year earlier.
Azerbaijan's imports in the reporting month increased by $437.83 million, or 44.9 percent on an annual basis, from $974.86 million to over $1.412 billion. The share of imports in foreign trade turnover amounted to 42.94 percent, against 24 percent a year earlier.
As a result, during the reporting month, the balance of foreign trade turnover, while remaining positive, decreased year-on-year by more than $1.648 billion, or 3.5 times, to $464 million against $2.112 billion in January 2022.