Azerbaijan's foreign trade share of counter services exceeds $9 billion
Baku, Azerbaijan, Dec.15
By Emil Ismayilov - Trend:
Counter services hold one of the leading positions in Azerbaijan's foreign trade relations totaling $9.3 billion, in Jan.-Sep. 2013, the balance of payments posted on the website of the Central Bank of Azerbaijan (CBA) said.
Services worth $6.2 billion were rendered by non-residents to residents of Azerbaijan, according to the balance sheet. Azerbaijani residents rendered services worth $3.1 billion to residents of foreign countries.
Some 14 percent in the balance of counter services fall to transport services. In total, these services were rendered to the amount of $1.3 billion. Around 54.8 percent fall to the use of transport systems of foreign countries by Azerbaijani residents. The cost of transportation services rendered by Azerbaijani residents to non-residents amounted to $587.4 million.
The cost of tourist services rendered to foreigners visiting Azerbaijan totaled $1.8 billion in Jan.-Sep. 2013. Some 37.6 percent of these services are rendered to non-residents visiting Azerbaijan on business trips.
Tourism services rendered to Azerbaijani residents by foreign countries increased by 17 percent to $2.1 billion compared to Jan.-Sep. 2012. Some 62.3 percent of expenditures fell to personal services.
The share of counter services in the total volume of Azerbaijan's export-import operations with foreign countries amounted to 22.3 percent in Jan.-Sep. 2013.