Russia expects record level of trade turnover with Azerbaijan in 2012
Azerbaijan, Baku, Nov. 22 / Trend J. Nasibova /
The bilateral trade between Russia and Azerbaijan may reach $ 3.1 billion as of 2012. This will exceed the record index of the trade turnover hitting $3 billion as of 2011, Russian Trade Representative in Azerbaijan Yuri Shchedrin told media on Wednesday.
"Proceeding from the Russian Statistics Agency's data, the trade turnover volume between the two countries may reach $ 3.1 billion by late 2012," Shchedrin said.
He added that Russia is traditionally a leading exporter to Azerbaijan, and it is the main consumer of goods and services excluding crude oil.
Russia's main exports fall to cars, equipment and vehicles, food, ferrous and nonferrous metals, metal, electric power, chemicals and wood.
"Azerbaijan bans supplying VAZ cars, having no anti-lock braking system ABS and airbags, since Oct. 1," he said.
However, Russia ceases production of VAZ 2107. It is planned to develop the supply of new car models produced in Russia, such as Lada Kalina, Lada Granta, and others."
He said that Russian exports of metals and metal goods increased by 4.7 percent hitting $267.6 million for the first nine months of 2012 compared to the same period of 2011.
The volume of supplying machinery, equipment and vehicles to Azerbaijan increased by 9.1 percent to $ 569.5 million. The share of this group of goods in Russia's total export volume to Azerbaijan was 28.8 percent compared to 31.1 percent for the same period of last year.
Fuel and energy product supplies increased by 19.4 percent and chemical products by 17.6 percent.
Moreover, the supplies of food and agricultural raw materials decreased by 3.4 percent to $386.9 million.
Food and agricultural products dominated in the nomenclature of goods imported from Azerbaijan to Russia. Around 55.4 percent fell to Azerbaijan's total exports to Russia. The supplies increased by 18.3 percent to $188.4 million.
"The volume of Azerbaijani gas to the Russian market for the first nine months amounted to 944.9 million cubic meters due little supply of the planned volume of gas from Azerbaijan to Russia," he said.