BAKU, Azerbaijan, February 16. Azerbaijan imported 142,650 tons of wheat in January 2023, which is 52.2 percent, or 48,950 tons more than in 2022, Trend reports via Azerbaijan's State Customs Committee
According to the committee, in value terms, wheat imports surpassed $43.4 million (an increase of 33.7 percent).
The share of wheat imports in the reporting period amounted to 3.07 percent of Azerbaijan's total imports.
In January 2023, Azerbaijani food imports increased by 13.28 percent, or $19.9 million, to $169.761 million over the year in value terms.
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.
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.