Azerbaijan, Baku, 12 June / Trend A.Akhundov /
According to the balance of payments published by the Central Bank of Azerbaijan (CBA), the current account surplus in January-March 2013 amounted to $4 billion, or 13 percent less than the same period last year.
As stated in the balance of payments, current account surplus of the oil and gas sector in Azerbaijan amounted to $5.8 billion.
Current account surplus of the oil and gas sector fully covers the current account deficit in the non-oil sector in the amount of $1.8 billion.
Overall balance of payments surplus amounted to $1.67 billion, a decline of 31 percent.
The analysis of the balance of payments by sectors shows that, as in previous years, in January-March 2013, foreign trade operations in the oil and gas sector had a positive balance, while red link was observed in the non-oil sector.
The total foreign trade turnover in January-March 2013 amounted to $10.7 billion, and the trade surplus - $5.9 billion. During the reporting period, trade relations were maintained with 125 countries. In this case, 9.4 percent of the trade turnover accounted for the CIS countries, 90.6 percent - other foreign countries. Intensive trade relations were observed with Italy, the UK, Turkey, the United States, Russia, Thailand, Indonesia, Germany, Japan, Taiwan. They accounted for 67.7 percent of export-import operations in Azerbaijan.