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Azerbaijani export surplus close to $20 bln in 2013

Business Materials 16 October 2012 21:24 (UTC +04:00)
According to payment balance development methodology, Azerbaijani export in 2013 is forecasted at $30 billion.

Azerbaijan, Baku, Oct. 16 /Trend A.Akhundov/

According to payment balance development methodology, Azerbaijani export in 2013 is forecasted at $30 billion.

This was reported in Azerbaijani Concept of Social Economic Development for 2013 and the following 3 years, developed by the Ministry of Economic Development and published on the website of Finance Ministry.

According to forecasts, some 92.2 per cent of export will fall to the share of oil and gas sector.

The import is expected at $10.6 billion with 84.2 falling to the share of non oil sector.

According to the State Customs Committee, the total volume of trade turnover in Azerbaijan amounted to $24.556 billion in January-September this year, which is 7.67 per cent less than indicators for the same period of last year.

"The fall in trade turnover is due to reduction of oil export volumes," the project notes.

According to the total of January-September 2012, a positive surplus in foreign trade amounted to $11.026.

Within 9 months of 2012, export operations amounted to $17.791 billion or 9.9 percent less than during the similar period of 2011, the import stood by $6.765 or 1.24 percent less than during the similar period last year.

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