BAKU, Azerbaijan, May 19. Azerbaijan's trade turnover with the CIS (Commonwealth of Independent States) countries exceeded $2.13 billion from January through April 2023, while its share in the overall Azerbaijani foreign trade turnover reached 11.95 percent, Trend reports citing the State Customs Committee's bulletin.
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Azerbaijan's trade turnover with CIS (Jan. - Apr. 2023) |
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Country |
Exports | Share (%) | Imports | Share (%) |
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Belarus |
$10.1 million | 2.10 | $102.1 million | 6.16 |
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Kazakhstan |
$36.3 million | 7.55 | $131.1 million | 7.91 |
|
Kyrgyzstan |
$7.3 million | 1.53 | $1.8 million | 0.11 |
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Moldova |
$2.3 million | 0.49 | $1.6 million | 0.10 |
|
Uzbekistan |
$15.6 million | 3.26 | $39 million | 2.36 |
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Russia |
$349.4 million | 72.67 | $1 billion | 62.61 |
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Tajikistan |
$1.2 million | 0.26 | $5,490 | 0.00 |
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Turkmenistan |
$28.1 million | 5.85 | $268.3 million | 16.19 |
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Ukraine |
$30.2 million | 6.30 | $75.4 million | 4.55 |
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Total |
$480.9 million | 100.00 | $1.6 billion | 100.00 |
Azerbaijan's trade turnover with the CIS countries from January through April 2023 increased by 21.79 percent, or $382.5 million year-on-year.
Azerbaijan's foreign trade turnover, in the reporting period, grew by 12.73 percent, or $ 2 billion compared to the same period in 2022, increasing from $15.8 billion to $17.8 billion.
According to the ministry, in the structure of foreign trade turnover, exports accounted for $12.5 billion, which is $761.5 million, or 6.44 percent more than in the same period last year, while the share of exports in foreign trade turnover amounted to 70.37 percent against 74.53 percent a year earlier.
Moreover, Azerbaijan's imports in the specified period rose by $1.2 billion, or 31.12 percent, growing from $4 billion to about $5.2 billion, while the share of imports in foreign trade turnover was 29.62 percent against 25.47 percent a year earlier.
As a result, during the accounting period, the balance of foreign trade turnover, while remaining positive, decreased by more than $495.8 million, or 6.37 percent, $7.2 billion year-on-year against $7.7 billion in the reporting period of the precious year.