BAKU, Azerbaijan, July 19. Azerbaijan's trade turnover with EU countries exceeded $13.7 billion and their share in Azerbaijan’s total foreign trade turnover accounted for 52.48 percent from January through June 2023, Trend reports.
In the reporting period, Azerbaijan's trade with EU countries increased by 9.71 percent, or $1.2 billion year-on-year.
The below table reflects indicators of Azerbaijan's trade turnover with EU in accordance with the Azerbaijani State Customs Committee's data:
|
From January through June 2023 |
||||
|
Country |
Export |
Share (%) |
Import |
Share (%) |
|
Germany |
$372.4 million |
3.05 |
$482.6 million |
31.3 |
|
Austria |
$152.8 million |
1.25 |
$31.7 million |
2.79 |
|
Belgium |
$18.6 million |
0.15 |
$31.78 million |
2.43 |
|
Bulgaria |
$184.56 million |
1.51 |
$13.8 million |
0.9 |
|
Czech Republic |
$427.4 million |
3.51 |
$41.8 million |
2.71 |
|
Denmark |
$85,530 |
- |
$18.8 million |
1.23 |
|
Estonia |
$3.2 million |
0.03 |
$2.6 million |
0.17 |
|
Finland |
$192,340 |
- |
$11.7 million |
0.76 |
|
France |
$126.7 million |
1.04 |
$290.9 billion |
18.87 |
|
Croatia |
$180.27 million |
1.48 |
$2.9 million |
0.19 |
|
Ireland |
$316.9 million |
2.6 |
$15.8 million |
1.03 |
|
Spain |
$652.9 million |
5.36 |
$42.1 million |
2.73 |
|
Sweden |
$824,350 |
0.01 |
$29.8 million |
1.94 |
|
Italy |
$8.36 billion |
68.6 |
$216.3 million |
14.03 |
|
Cyprus |
$13.5 million |
0.11 |
$432,170 |
0.03 |
|
Latvia |
$15.2 million |
0.13 |
$10.15 million |
0.66 |
|
Lithuania |
$929,170 |
0.01 |
$13.1 million |
0.85 |
|
Luxemburg |
$23.23 million |
0.19 |
$2.08 million |
0.14 |
|
Hungary |
$1.5 million |
0.01 |
$22.36 million |
1.45 |
|
Malta |
$32.6 million |
0.27 |
$28,410 |
- |
|
Netherlands |
$14.57 million |
0.12 |
$61.6 million |
4 |
|
Poland |
$7.9 million |
0.07 |
$79 million |
5.12 |
|
Portugal |
$62.9 million |
0.52 |
$6.3 million |
0.41 |
|
Romania |
$413.18 million |
3.39 |
$32.6 million |
2.12 |
|
Slovakia |
$51.950 |
- |
$37.19 million |
2.41 |
|
Slovenia |
$5.3 million |
0.04 |
$17.5 million |
1.13 |
|
Greece |
$800.4 million |
6.57 |
$9.4 million |
0.61 |
|
Total |
$12.19 billion |
100 |
$1.5 billion |
100 |
Overall, 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.