...

Azerbaijan’s trade surplus revealed

Business Materials 13 December 2017 11:26 (UTC +04:00)

Baku, Azerbaijan, Dec. 13

By Anvar Mammadov – Trend:

Azerbaijan exported goods worth $12.5 billion in January-November 2017 that is by 50.4 percent more 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 $7.95 billion, private sector – $4.38 billion, individuals – $170.17 million.

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

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

Items

January-November 2017

January-November 2016

Quantity

Cost (thousand dollars)

Quantity

Cost (thousand dollars)

Oil, thousand tons

24,723,729.01

9,637,331.13

19,098,957.90

5,895,873.75

Oil products, thousand tons

733,340.94

291,262.20

1,388,452.58

358,277.92

Natural gas, thousand cubic meters

6,894,305.42

1,156,019.78

6,181,493.76

925,127.73

Fruits and vegetables, thousand tons

492,783.92

452,728.71

336,248.23

336,431.79

Aluminum and aluminum products,thousand tons

55,591.02

108,775.80

59,342.70

86,191.40

During the period, import totaled $7.79 billion, which is slightly more than in January-November 2016. Some $1.01 billion accounted for the state sector share in import operations, and $6.36 billion – for the private sector, $418.46 million – for individuals.

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

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

Items

January-November 2017

January-November 2016

Quantity

Cost (thousand dollars)

Quantity

Cost (thousand dollars)

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

-

1,670,112.06

-

1,865,881.13

Ferrous metals and ferrous goods, thousand tons

703,558.17

732,368.66

771,415.45

1,046,625.75

Vehicles and spare parts, thousand dollars

-

965,219.34

-

648,688.63

Plastic and plastic products, thousand tons

161,053.48

279,530

138,937.59

257,704.25

Pharmaceutical products, thousand tons

14,259.35

228,328.55

9,864.41

179,379.48

Azerbaijan’s foreign trade operations increased by 26.6 percent and amounted to $20.29 billion in January-November 2017, as compared to the same period of 2016. The surplus in the reporting period amounted to $4.71 billion, which is 7.9 times more than in the same period last year.

Tags:
Latest

Latest