BAKU, Azerbaijan, September 18. Azerbaijan increased imports of tobacco and tobacco products by 17.92 percent ($74.5 million) from January through August 2023 compared to the same period last year, Trend reports.
According to the State Customs Committee of Azerbaijan, the import of tobacco and tobacco products amounted to $63.2 million in the same period of 2022.
In addition, Azerbaijan's foreign trade turnover increased by 1.12 percent ($392.2 million) from January through August 2023 compared to the same period in 2022, from $35.1 billion to $35.5 billion.
According to the committee, exports amounted to $24.4 billion in the structure of foreign trade turnover, which is $1.9 billion (7.2 percent) less than in the same period last year. The share of exports in foreign trade turnover amounted to 68.59 percent, up from 74.74 percent a year earlier.
Moreover, Azerbaijan's imports in the reporting period increased by $2.3 billion (25.73 percent), from $8.9 billion to about $11.2 billion. The share of imports in foreign trade turnover amounted to 31.41 percent, up from 25.26 percent a year earlier.
As a result, the balance of foreign trade turnover, while remaining positive, decreased year-on-year by more than $4.2 billion (24.01 percent) to $13.2 billion against $17.4 billion in the reporting period of 2022.