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Azerbaijan decreases import of goods by 12.6%

Business Materials 12 September 2017 18:50 (UTC +04:00)

Baku, Azerbaijan, Sept. 12

By Anvar Mammadov – Trend:

Azerbaijan exported goods worth $7.22 billion in January-August 2017 that is by 12.6 percent less than in the same period of 2016, according to a report of the country’s State Customs Committee.

The share of state sector in export totaled $5.69 billion, private sector – $1.39 billion, individuals – $143.32 million.

Azerbaijan mainly exported oil and oil products, gas, plastic and plastic products, as well as fruits and vegetables in January-August 2017.

TOP-5 goods exported by Azerbaijan at the total cost:

Items

January-August 2017

January-August 2016

Quantity

Cost (thousand dollars)

Quantity

Cost (thousand dollars)

Oil, thousand tons

13,270,401.01

5,085,538.13

21,811,895.73

6,516,964.59

Oil products, thousand tons

583,653.13

224,906.72

989,985.26

236,434.61

Natural gas, thousand cubic meters

5,182,571.64

926,776.92

5,005,978.39

757,731.57

Fruits and vegetables, thousand tons

310,490.90

269,509.57

189,917.09

188,830.27

Plastic and plastic products, thousand tons

108,366.40

74,222.22

99,965.39

65,013.49

During the period, import totaled nearly $5.3 billion, which is by 4.22 percent less than in January-August 2016. Some $697.52 million accounted for the state sector share in import operations, and $4.32 billion – for the private sector, $279.25 million – for individuals.

Azerbaijan mainly imported various machines and mechanisms, vehicles, ferrous metals, plastic and timber during the reporting period.

TOP-5 goods imported by Azerbaijan (total cost):

Items

January-August 2017

January-August 2016

Quantity

Cost (thousand dollars)

Quantity

Cost (thousand dollars)

Machines and mechanisms, electronic equipment, spare parts, thousand dollars

-

1,181,702.31

-

1,297,224.68

Ferrous metals and ferrous goods, thousand tons

496,667.72

489,272.23

566,607.01

798,619.15

Vehicles and spare parts, thousand dollars

-

1,181,702.31

-

1,297,224.68

Plastic and plastic products, thousand tons

111,429.42

193,417.72

99,850.7

183,162.47

Timber and timber products, thousand tons

-

133,469.67

-

121,805.01

Azerbaijan’s foreign trade operations decreased by 9.24 percent and amounted to $12.52 billion in January-August 2017, as compared to the same period of 2016. The surplus in the reporting period amounted to $1.92 billion, which is 7.7 times more than in January-August 2016.

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