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Azerbaijan’s trade surplus revealed

Business Materials 20 October 2017 13:54 (UTC +04:00)

Baku, Azerbaijan, Oct. 20

By Anvar Mammadov – Trend:

Azerbaijan exported goods worth $8.14 billion in January-September 2017 that is by 13.4 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 $6.49 billion, private sector – $1.5 billion, individuals – $150.95 million.

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

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

Items

January-September 2017

January-September 2016

Quantity

Cost (thousand dollars)

Quantity

Cost (thousand dollars)

Oil, thousand tons

15,381,808.47

5,883,465.06

24,181,088.56

7,353,990.1

Oil products, thousand tons

238,267.28

617,679.65

1,086,867.83

265,259.35

Natural gas, thousand cubic meters

5,213,579.41

928,658.17

6,112,093.66

923,040.56

Fruits and vegetables, thousand tons

341,316.56

306,509.96

208,436.79

216,628.46

Aluminum and aluminum products, thousand tons

45,834.92

87,416.5

50,732.05

71,873.92

During the period, import totaled nearly $6.18 billion, which is by 0.5 percent more than in January-September 2016. Some $822.6 million accounted for the state sector share in import operations, and $5.04 billion – for the private sector, $319.97 million – for individuals.

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

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

Items

January-September 2017

January-September 2016

Quantity

Cost (thousand dollars)

Quantity

Cost (thousand dollars)

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

-

1,331,633.08

-

1,429,447.97

Ferrous metals and ferrous goods, thousand tons

563,372.08

557,790.43

594,815.34

837,219.58

Vehicles and spare parts, thousand dollars

-

866,583.30

-

587,827.98

Plastic and plastic products, thousand tons

127,288.48

219,841.94

111,882.15

203,632.02

Timber and timber products, thousand tons

-

152,046.73

-

139,266.45

Azerbaijan’s foreign trade operations decreased by 7.9 percent and amounted to $14.32 billion in January-September 2017, as compared to the same period of 2016. The surplus in the reporting period amounted to $1.97 billion, which is 5.8 times more than in the same period last year.

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