Foreign trade surplus amounts to nearly $12B in Azerbaijan

Baku, Azerbaijan, Nov. 15
By Emil Ismayilov - Trend:

The Azerbaijani State Customs Committee announced a decrease in the volume of foreign trade operations by 7.78 percent in January-October 2014 compared to the same period of last year, the committee said Nov. 15.

Azerbaijan's foreign trade partners for this period numbered 146 countries.

The total trade turnover of Azerbaijan exceeded $26.56 billion, according to the report.
Black ink worth over $11.83 billion was formed in foreign trade operations.

Foreign trade surplus was $11.04 billion in the same period of last year, while $998.38 million as of October 2014.

About 5,666 legal and physical entities were involved in foreign economic activities during this period, 3,489 being legal entities and 2,177 physical entities, according to the report.

Export operations reached $19.19 billion in January-October, which is 3.65 percent less compared to the same period of 2013.

The public sector share in export operations was estimated at $18.08 billion, the private sector share - $944.65 million and physical entities' share- $167.48 million.

Imports exceeded $7.36 billion in January-October, which is 17.06 percent less compared to the same period of 2013.

The public sector share in import operations was estimated at nearly $1.94 billion, private sector share- $5.13 billion and physical entities share - $294.86 million.

About 2,007 kinds of goods were exported from and 5,861 imported to Azerbaijan in January-October.

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