BAKU, Azerbaijan, September 18. Azerbaijan's trade turnover with the CIS countries exceeded $4.2 billion, and its share in the total foreign trade turnover amounted to 12 percent from January through August 2023, Trend reports.
In the reporting period, this figure grew by 17.52 percent ($635.45 million) year-on-year.
The below table reflects indicators of Azerbaijan's trade turnover with the CIS countries in accordance with the data of the Azerbaijani State Customs Committee:
|
From January through August 2023 |
||||
|
Country |
Exports |
Share (%) |
Imports |
Share (%) |
|
Belarus |
$19.8 million |
1.87 |
$198.49 million |
6.21 |
|
Kazakhstan |
$75 million |
7.05 |
$181.6 million |
5.68 |
|
Kyrgyzstan |
$27.3 million |
2.57 |
$2.4 million |
0.08 |
|
Moldova |
$3.6 million |
0.34 |
$3.2 million |
0.1 |
|
Uzbekistan |
$29.8 million |
2.80 |
$76.08 million |
2.38 |
|
Russia |
$794.47 million |
74.64 |
$1.9 billion |
62.31 |
|
Tajikistan |
$4.06 million |
0.38 |
$40,630 |
0.00 |
|
Turkmenistan |
$56.6 million |
5.32 |
$588.1 million |
18.39 |
|
Ukraine |
$53.56 million |
5.03 |
$155.18 million |
4.85 |
|
Total |
$1.06 billion |
100 |
$3.19 billion |
100 |
Azerbaijan's foreign trade turnover increased by 1.12 percent ($392.19 million), from $35.1 billion to $35.5 billion, from January through August 2023 compared to the same period in 2022.
According to the State Customs Committee of Azerbaijan, out of the total foreign trade turnover, exports accounted for $24.3 billion, which is $1.89 billion (7.2 percent) less than the same period last year. The share of exports in foreign trade turnover totaled 68.59 percent, compared to 74.74 percent a year earlier.
Besides, Azerbaijan's imports in the reporting period grew by $2.28 billion (25.73 percent), from $8.8 billion to about $11.15 billion. The share of imports in foreign trade turnover amounted to 31.41 percent, compared to 25.26 percent a year earlier.
Thus, in the reporting period, the balance of foreign trade turnover, remaining positive, decreased by more than $4.17 billion (24.01 percent) on an annual basis, to $13.2 billion against $17.37 billion in the reporting period of 2022.