BAKU, Azerbaijan, September 20. Trade turnover between Azerbaijan and Kyrgyzstan amounted to $29.73 million from January through August 2023 (almost 0.69 percent of the total Azerbaijani foreign trade turnover with CIS countries), Trend reports.
The data of the State Customs Committee of Azerbaijan shows that the trade turnover between Azerbaijan and Kyrgyzstan increased 5.9 times from January through August 2023 year-on-year ($5.037 million).
The share of Kyrgyzstan in the total trade turnover of Azerbaijan in the reporting period of 2023 amounted to almost 0.08 percent.
Azerbaijan's exports to Kyrgyzstan amounted to $27.3 million from January through August 2023, which is 22.29 times more year-on-year ($1.2 million).
Azerbaijani imports from Kyrgyzstan amounted to $2.4 million in the reporting period of 2023, which is 36.79 percent less year-on-year ($3.8 million).
Also, 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 the Republic 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, up from 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, up from 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.