BAKU, Azerbaijan, July 14. Azerbaijan's trade turnover with the CIS countries exceeded $3.3 billion from January through June 2023, while its share in the total foreign trade turnover amounted to 12.62 percent, Trend reports.
The below table reflects indicators of Azerbaijan's trade turnover with the CIS countries in accordance with the data of the Azerbaijani State Customs Committe:
|
From January through June 2023 |
||||
|
Country |
Exports |
Share (%) |
Imports |
Share (%) |
|
Belarus |
$15,405 |
1.86 |
$154,676 |
6.25 |
|
Kazakhstan |
$60,180 |
7.28 |
$157,970 |
6.38 |
|
Kyrgyzstan |
$14,882 |
1.80 |
$2,156 |
0.09 |
|
Moldova |
$3,164 |
0.38 |
$2,497 |
0.10 |
|
Uzbekistan |
$23,458 |
2.84 |
$56,549 |
2.28 |
|
Russia |
$621,134 |
75.09 |
$1.5 million |
62.36 |
|
Tajikistan |
$1,745 |
0.21 |
$40,490 |
0 |
|
Turkmenistan |
$46,425 |
5.61 |
$439,039 |
17.74 |
|
Ukraine |
$40,746 |
4.93 |
$118,781 |
4.80 |
|
Total |
$827,144 |
100 |
$2.4 million |
100 |
Azerbaijan's trade turnover with the CIS countries increased by 21.03 percent (or $573.8 million year-on-year) from January through June 2023.
Moreover, Azerbaijan's foreign trade turnover increased by 5.36 percent or $1.3 billion from January through June 2023 compared to the same period in 2022 (from $24.8 billion to $26.1 billion).
According to the State Customs Committee of Azerbaijan, exports accounted for $17.9 billion in the structure of foreign trade turnover, which is $511.2 million or 2.77 percent less compared to the same period last year.
The share of exports in foreign trade turnover amounted to 68.66 percent against 74.4 percent a year earlier.
Azerbaijan's imports increased by $1.8 billion (28.97 percent) from $6.3 billion to about $8.1 billion during the reporting period.
The share of imports in foreign trade turnover amounted to 31.34 percent against 25.6 percent a year earlier.
As a result, the balance of foreign trade turnover, remaining positive, decreased year-on-year by more than $2.3 billion (19.41 percent) to $9.7 billion during the reporting period against $12.1 billion during the reporting period of 2022.