Azerbaijan’s foreign trade down by 27%
Baku, Azerbaijan, Aug. 18
By Anvar Mammadov – Trend:
In January-July 2016, Azerbaijan’s foreign trade operations decreased by 26.89 percent standing at almost $9.35 billion as compared to the same period of 2015, said the State Customs Committee.
The period was completed with a negative balance of $167.47 million, while a positive balance of $2.17 billion was observed during the same period of 2015.
During the first seven months of 2016, 167 countries were Azerbaijan’s foreign trade partners, while 9,742 legal entities and individuals (of them 4,298 legal entities and 5,444 individuals) were involved in the country’s foreign economic activities.
Azerbaijan exported products worth $4.59 billion (a decrease by 38.57 percent during the year) in January-July 2016.
The share of public sector in the exports amounted to $4.01 billion, while the shares of private sector and individuals were $444.36 million and $132.2 million, respectively.
The country’s imports exceeded $4.75 billion during the period, that is, 10.46 percent less than in January-July 2015. During the period, the public sector’s share in imports totaled $721.88 million, and the shares of private sector and individuals were $3.76 billion and $274.94 million, respectively.
Azerbaijan exported 2,234 kinds of goods and imported 6,695 kinds of goods in January-July 2016.