Baku, Azerbaijan, Nov. 14
By Anvar Mammadov – Trend:
Azerbaijan’s trade turnover with five main trade partners reached 7.97 billion manats in January-October 2017, which accounts for 49.8 percent of all volume of the country’s trade turnover, said a report of Azerbaijan’s State Customs Committee Nov. 14.
In January-October 2017, Italy ranked first in the list of Azerbaijan’s foreign trading partners with a trade turnover of $2.33 billion and a specific weight of 14.54 percent. Italy is followed by Turkey - $2.17 billion (13.52 percent), Russia – $1.66 billion (10.35 percent), China – $1.11 billion (6.95 percent) and the US – $703.71 million (4.39 percent).
|
January-October 2017 |
January-October 2016 |
||||
|
Country |
Trade turnover (thousand manats) |
Specific weight (%) |
Trade turnover (thousand manats) |
Specific weight (%) |
Difference (%) |
|
Italy |
2,328,095.86 |
14.54 |
1,579,205.91 |
11.16 |
46.8 |
|
Turkey |
2,165,223.84 |
13.52 |
1,826,861.84 |
12.91 |
18.6 |
|
Russia |
1,656,547.94 |
10.35 |
1,538,692.22 |
10.87 |
7.8 |
|
China |
1,113,107.35 |
6.95 |
711,719.22 |
5.03 |
56.4 |
|
US |
703,714.36 |
4.39 |
478,960.61 |
3.38 |
46.9 |
Italy remains leader for consumption of Azerbaijani goods. The country accounted for $2.07 billion (22.87 percent) of Azerbaijan’s total export volume.
Italy is followed by Turkey - $1.15 billion (12.72 percent), Russia - $452.08 million (4.99 percent), Israel - $445.59 million (4.92 percent) and Czech Republic - $439.79 million (4.86 percent). The share of these countries in total export volume of Azerbaijan is 50.36 percent.
In January-October 2017, Azerbaijan imported goods worth $1.2 billion (17.31 percent) from Russia. Russia ranked first for this indicator and was followed by Turkey - $1.01 billion (14.57 percent), China - $675.03 million (9.7 percent), the US - $645.19 million (9.27 percent) and Ukraine - $359.16 million (5.16 percent). The share of these countries in total import volume of Azerbaijan is 56.01 percent.
In January-October of 2017, Azerbaijan exported goods worth $9.05 billion, which is 25.7 percent more than in the same period of 2016. In the reporting period, imports amounted to about $6.96 billion, which is slightly more than in January-October last year. The surplus in the reporting period amounted to $2.1 billion, which is 8.8 times more than in the same period last year.