BAKU, Azerbaijan, April 19. Azerbaijan's trade turnover with the CIS (Commonwealth of Independent States) countries exceeded $1.6 billion from January through March 2023, while its share in the overall Azerbaijani foreign trade turnover reached 13.74 percent, Trend reports citing the State Customs Committee's bulletin.
|
Azerbaijan's trade turnover with CIS (Jan. - Mar. 2023) |
||||
|
Country |
Exports |
Share (%) |
Imports |
Share (%) |
|
Belarus |
$7.7 million |
2.14 |
$72.4 million |
5.77 |
|
Kazakhstan |
$29 million |
8.00 |
$102.1 million |
8.14 |
|
Kyrgyzstan |
$4.2 million |
1.17 |
$1.79 million |
0.14 |
|
Moldova |
$716,870 |
0.20 |
$1.4 million |
0.11 |
|
Uzbekistan |
$11 million |
3.05 |
$32 million |
2.55 |
|
Russia |
$260.9 million |
71.99 |
$796.2 million |
63.41 |
|
Tajikistan |
$1 million |
0.28 |
$4,690 |
- |
|
Turkmenistan |
$21.8 million |
6.04 |
$190 million |
15.13 |
|
Ukraine |
$25.8 million |
7.13 |
$59.7 million |
4.75 |
|
Total |
$362.4 million |
100.00 |
$1.2 billion |
100.00 |
Azerbaijan's trade turnover with the CIS countries from January through March 2023 increased by 16.63 percent, or $230.7 million year-on-year.
Moreover, Azerbaijan's foreign trade turnover in the reporting period grew by 7.91 percent, or $863.1 million compared to the first three months of 2022 increasing from $10.9 billion to $11.7 billion.
According to the ministry, in the structure of foreign trade turnover, exports accounted for $7.7 billion, which is $ 239.5 million, or 3 percent less than the same period last year. At the same time, the share of exports in foreign trade turnover amounted to 65.77 percent against 73.17 percent a year earlier.
The country's imports in the accounting period grew by $1.1 billion, or 37.67 percent, increasing from $2.9 billion to about $4 billion. The share of imports in foreign trade turnover amounted to 34.23 percent against 26.83 percent in the previous year.
As a result, during the specified period, the balance of foreign trade turnover, remaining positive, decreased year-on-year by more than $1.3 billion, or by 26.56 percent to $3.7 billion against $5 billion from January through March last year.