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Five countries make almost half of Azerbaijan’s turnover

Business Materials 12 May 2017 20:41 (UTC +04:00)

Baku, Azerbaijan, May 12

By Anvar Mammadov – Trend:

Azerbaijan’s trade turnover with five main trade partners reached 2.79 billion manats in January-April 2017.

The figure accounts for 49.9 percent of all volume of the country’s trade turnover, says a report of Azerbaijan’s State Customs Committee.

In January-April 2017, Italy ranked first in the list of Azerbaijan’s foreign trading partners with a trade turnover of $879.2 million and a specific weight of 15.71 percent. Italy is followed by Turkey - $729.76 million (13.04 percent), Russia - $524.69 million (9.38 percent), China - $395.56 million (7.07 percent) and Germany - $260.75 million (4.66 percent).

January-April 2017

January-April 2016

Countries

Trade turnover (manats)

Specific weight (%)

Trade turnover (manats)

Specific weight (%)

Difference (%)

Italy

879,199,410

15.71

567,548,270

11.25

+54.9

Turkey

729,755,540

13.04

388,884,850

7.71

+87.7

Russia

524,685,590

9.38

465,872,420

9.24

+12.6

China

395,556,000

7.07

170,969,180

3.39

+131.4

Germany

260,750,000

4.66

355,252,180

7.04

-26.6

Italy also remains leader for consumption of Azerbaijani goods. The country accounted for $797.07 million (23.23 percent) of Azerbaijan’s total export volume.

Italy is followed by Turkey - $370.88 million (10.81 percent), China - $183.79 million (5.36 percent), Portugal - $179.73 million (5.24 percent) and Israel - $177.14 million (5.16 percent). The share of these countries in total export volume of Azerbaijan is 49.8 percent.

In January-March 2017, Azerbaijan imported goods worth $406.36 million (18.77 percent) from Russia. Russia ranked first for this indicator and was followed by Turkey - $358.88 million (16.58 percent), China - $211.76 million (9.78 percent), Germany - $108.1 million (4.99 percent) and Ukraine - $98.38 million (4.54 percent). The share of these countries in total import volume of Azerbaijan is 54.66 percent.

Azerbaijan’s foreign trade operations rose by 11.35 percent and amounted to $5.6 billion in January-April 2017, as compared to the same period of 2016.

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