BAKU, Azerbaijan, March 20. The volume of wheat import by Azerbaijan increased from January through February 2023, Trend reports via the State Customs Committee.
According to the committee, this figure amounted to 268,110 tons, up by 117,510 tons (78.03 percent) on annual basis.
The value of wheat imports over the first two months of this year surpassed $81.9 million (an increase of 57.81 percent).
Meanwhile, the share of wheat imports amounted to 2.63 percent of Azerbaijan's total imports.
From January through February 2023, the value of Azerbaijani food imports increased by $22.6 million (6.69 percent) to $360.368 million.
Overall, foreign trade turnover of Azerbaijan amounted to $7.17 billion in the first two months of 2023, which is a decrease of 9.7 percent or $768.8 million compared to the same period of 2022 ($7.94 billion).
Out of the total foreign trade turnover, exports accounted for $4.52 billion, which is $1.4 billion, or 24.25 percent less than the same period last year. The share of exports in the foreign trade turnover totaled 63.03 percent against 75.16 percent a year earlier.
Azerbaijan's imports from January through February 2023 increased by $678.5 million, or 34.4 percent, from $1.9 billion to about $2.6 billion. The share of imports in foreign trade turnover amounted to 36.97 percent against 24.84 percent a year earlier.
As a result, in the reporting period, the balance of foreign trade turnover, remaining positive, decreased by more than $2.1 billion, or 2.1 times on an annual basis, to $1.8 billion against $3.9 billion in the same period of the previous year.