Italy remains Azerbaijan’s main foreign trade partner
Baku, Azerbaijan, Dec.22
By Azad Hasanli - Trend:
Italy remained Azerbaijan's main foreign trade turnover in Jan.-Nov. 2015, said the report issued by the country's State Customs Committee.
During the reporting period, the trade turnover between Azerbaijan and Italy stood at $2.6 billion or 13.98 percent of the total volume of the country's trade operations, according to the report.
Italy is followed by Germany with trade turnover of $1.8 billion (9.69 percent), Russia - $1.7 billion (9 percent), Turkey - $1.3 billion (6.97 percent) and the US - $1.1 billion (5.89 percent).
No changes were observed in top 5 foreign trade partners of Azerbaijan in November compared to October. The share of these countries in the total trade turnover totaled 45.53 percent.
During the reporting period, the largest volume of export from Azerbaijan accounted for Italy -$2.15 billion, or 20.28 percent of the total volume of the country's export.
The following countries lead among the importers of Azerbaijani products: Germany ($1.2 billion or 11.2 percent), France ($776 million, or 7.31 percent), Israel ($689.9 million, or 6.5 percent), the Czech Republic ($491.7 million, or 4.63 percent). The share of these countries in Azerbaijan's export stood at 49.92 percent.
The Czech Republic that ranked 6th in October, entered the top 5 in November.
The following countries entered the top 5 for the import volume: Russia ($1.3 billion) which accounted for 16.05 percent of Azerbaijani import, Turkey - $1.03 billion (12.58 percent), the US - $774.3 million (9.45 percent), Germany - $ 634.15 million (7.74 percent) and Japan - $500.2 million (6.1 percent).
Azerbaijan's top 5 partners for the volume of import remained unchanged in November.
The share of these countries in Azerbaijan's total import volume stood at 51.92 percent.
The volume of Azerbaijan's foreign trade operations decreased by 34.73 percent and stood at $17.21 billion. The export and import volume totaled $10.6 billion and nearly $8.2 billion, respectively.
Edited by SI