BAKU, Azerbaijan, September 18. Azerbaijan imported 668,310 tons of wheat from January through August 2023, which is 23.92 percent (128,980 tons) more year-on-year, Trend reports.
The data of the State Customs Committee of Azerbaijan shows that wheat imports exceeded $183.5 million in value terms (5.12 percent, or $9.8 million reduction over the year).
The share of wheat imports in the reporting period amounted to 1.65 percent of Azerbaijan's total imports.
It should be noted that Azerbaijan's imports of food products increased in value terms by 0.96 percent ($13.2 million) and amounted to $1.3 billion from January through August 2023.
It should be remembered that Azerbaijan's foreign trade turnover increased by 1.12 percent, or $392.1 million, from January through August 2023 year-on-year, from $35.1 billion to $35.5 billion.
The data of the State Customs Committee of Azerbaijan shows that exports accounted for $24.3 billion in the structure of foreign trade turnover, which is $1.89 billion or 7.2 percent less year-on-year. The share of exports in the foreign trade turnover amounted to 68.59 percent, compared to 74.74 percent a year earlier.
Azerbaijan's imports in the reporting period increased by $2.2 billion, or 25.73 percent, year-on-year from $8.8 billion to about $11.15 billion. The share of imports in the foreign trade turnover amounted to 31.41 percent, compared to 25.26 percent a year earlier.
As a result, the balance of foreign trade turnover, while remaining positive during the review period, declined year-on-year by over $4.1 billion, or 24.01 percent, to $13.2 billion against $17.3 billion in the 2022 review period.