BAKU, Azerbaijan, April 19. The trade turnover of Azerbaijan with EU countries increased from January through March 2023, Trend reports citing the bulletin of the Azerbaijani State Customs Committee.
According to the bulletin, this figure exceeded $5.7 billion, up by $118.59 million (2.11 percent), while the share of EU countries in Azerbaijan’s total foreign trade turnover accounted for 48.79 percent.
Trade turnover between Azerbaijan and EU countries:
|
1Q2023 |
||||
|
Country |
Export |
Share (%) |
Import |
Share (%) |
|
Germany |
$2.5 billion |
5.27 |
$201.6 million |
24.76 |
|
Austria |
$152.2 million |
3.09 |
$17.9 million |
2.21 |
|
Belgium |
$10.78 million |
0.22 |
$19.6 million |
2.41 |
|
Bulgaria |
$3.2 million |
0.65 |
$7.1 million |
0.88 |
|
Czech Republic |
$270.78 million |
5.49 |
$22.8 million |
2.81 |
|
Denmark |
$7,700 |
- |
$8.2 million |
1.01 |
|
Estonia |
$834,250 |
0.02 |
$1.5 million |
0.19 |
|
Finland |
$114,610 |
- |
$6.58 million |
0.81 |
|
France |
$7 million |
1.42 |
$22.19 billion |
27.25 |
|
Croatia |
$13,160 |
- |
$2.29 million |
0.28 |
|
Ireland |
$93.4 million |
1.9 |
$6.7 million |
0.83 |
|
Spain |
$39.6 million |
8.04 |
$19.2 million |
2.37 |
|
Sweden |
$505,810 |
0.01 |
$1.47 million |
1.81 |
|
Italy |
$2.86 billion |
58.10 |
$109.78 million |
13.48 |
|
Cyprus |
$4.65 million |
0.09 |
$78,670 |
0.01 |
|
Latvia |
$4.67 million |
0.09 |
$4.9 million |
0.61 |
|
Lithuania |
$398,500 |
0.01 |
$6.4 million |
0.79 |
|
Luxemburg |
$5.2 million |
0.11 |
$967,740 |
0.12 |
|
Hungary |
$333,920 |
0.01 |
$11.13 million |
1.4 |
|
Malta |
$15.98 million |
0.32 |
$7,340 |
- |
|
Netherlands |
$9.7 million |
0.2 |
$31.4 million |
3.86 |
|
Poland |
$5.03 million |
0.1 |
$39.7 million |
4.88 |
|
Portugal |
$62.9 million |
1.28 |
$2.89 million |
0.35 |
|
Romania |
$29.69 million |
6.02 |
$2.04 million |
2.51 |
|
Slovakia |
$51,950 |
- |
$18.7 million |
2.31 |
|
Slovenia |
$3.35 million |
0.07 |
$11.8 million |
1.45 |
|
Greece |
$3.68 million |
7.48 |
$5.02 million |
0.62 |
|
Total |
$4.92 billion |
100 |
$814.36 million |
100 |
Overall, Azerbaijan's foreign trade turnover increased by $863.1 million (7.91 percent) from January through March 2023 compared to the same period of the previous year, from $10.9 billion to $11.7 billion.
According to the committee, out of the total foreign trade turnover, exports accounted for $7.7 billion, which is $239.59 million (three percent) less than the same period last year. The share of exports in the foreign trade turnover totaled 65.77 percent against 73.17 percent a year earlier.
Azerbaijan's imports in the first quarter of this year increased by $1.1 billion (37.67 percent), 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 a year earlier.
As a result, in the reporting period, the balance of foreign trade turnover, remaining positive, decreased by more than $1.3 billion (26.56 percent) on annual basis, to $3.7 billion against $5 billion in the same period of the previous year.