Azerbaijan's payments balance surplus exceeds $4 bln
Azerbaijan, Baku, Dec. 14 / Trend, A.Akhundov /
Based on the payments balance published by the Central Bank of Azerbaijan (CBA), the current account surplus of payments balance amounted to $17.1 billion in January-September 2012, falling by 20.1 percent.
The current account surplus of oil and gas sector amounted to $17.9 billion.
The current-account surplus of oil and gas sector at $6.3 billion allowed to completely covering the current account deficit on non-oil sector.
The total payments balance surplus amounted to $4.48 billion, falling by 57.17 percent..
The analysis of the payment balance on the sectors showed that, as in previous years, black ink was observed in the foreign trade operations in the oil and gas sector in January-September 2012 and red ink in the non-oil sector.
Total foreign trade turnover amounted to $32.1 billion and black foreign trade surplus - $17.5 billion in January-September 2012. Moreover, goods were imported in the amount of $7.3 billion and export operations - $24.8 billion.
During the report period, trade relations were established with 151 countries. While 9.1 percent of trade turnover fell to the transactions with the CIS countries and 90.9 percent - other foreign countries.
Intensive trade relations were observed with Italy, U.S., France, Turkey, Russia, Great Britain Israel, India, Indonesia and Germany. Some 66.7 percent of Azerbaijan's export-import operations fell to these countries.