BAKU, Azerbaijan, January 22. Azerbaijan increased imports of tobacco and tobacco products in 2023 by 23.54 percent year-on-year to $119.9 million, Trend reports.
According to Azerbaijan's State Customs Committee, tobacco and tobacco product imports in 2022 totaled $97.1 million.
Meanwhile, Azerbaijan's foreign trade turnover in 2023 fell by 2.85 percent, or $1.5 billion, from $52.6 billion in 2022 to $51.1 billion.
Exports accounted for $33.8 billion of international trade transaction, down $4.2 billion, or 11.14 percent, from the same period last year. Exports accounted for 66.23 percent of total foreign trade turnover, compared to 72.4 percent the previous year.
Azerbaijan's imports increased by $2.7 billion, or 18.88 percent, year on year, from $14.5 billion to around $17.2 billion. The share of imports in the foreign trade turnover amounted to 33.77 percent against 27.6 percent a year earlier.
As a result, the foreign trade balance, while remaining positive during the period reviewed, declined year-on-year by over $6.9 billion or 29.63 percent to $16.6 billion against $23.6 billion in 2022.
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