Baku, Azerbaijan, Jan. 15
By Anvar Mammadov – Trend:
Azerbaijan’s trade turnover with five main trade partners reached 11.7 billion manats in 2017, which accounts for 51.8 percent of all volume of the country’s trade turnover, said a report of Azerbaijan’s State Customs Committee Jan. 15.
In 2017, Italy ranked first in the list of Azerbaijan’s foreign trading partners with a trade turnover of $4.73 billion and a specific weight of 20.91 percent. Italy is followed by Turkey - $2.64 billion (11.68 percent), Russia – $2.14 billion (9.48 percent), China – $1.3 billion (5.75 percent) and Germany – $894.12 million (3.96 percent).
|
2017 |
2016 |
||||
|
Country |
Trade turnover (thousand manats) |
Specific weight (%) |
Trade turnover (thousand manats) |
Specific weight (%) |
Difference (%) |
|
Italy |
4,725,094.72 |
20.91 |
1,892,165.68 |
10.7 |
2.5 times |
|
Turkey |
2,640,046.16 |
11.68 |
2,314,398.39 |
13.09 |
14.3% |
|
Russia |
2,141,283.27 |
9.48 |
2,051,082.51 |
11.6 |
4.4% |
|
China |
1,298,334.66 |
5.75 |
975,421.32 |
5.52 |
33.1% |
|
Germany |
894,119.47 |
3.96 |
1,010,023.41 |
5.71 |
-11.5% |
Italy remains leader for consumption of Azerbaijani goods. The country accounted for $4.41 billion (31.9 percent) of Azerbaijan’s total export volume.
Italy is followed by Turkey - $1.37 billion (9.89 percent), Israel - $638.94 million (4.63 percent), Russia - $587.03 million (4.25 percent) and Czech Republic - $556.85 million (4.03 percent). The share of these countries in total export volume of Azerbaijan is 54.7 percent.
In 2017, Azerbaijan imported goods worth $1.55 billion (17.7 percent) from Russia. Russia ranked first for this indicator and was followed by Turkey - $1.27 billion (14.5 percent), China - $854.53 million (9.73 percent), the US - $720.59 million (8.21 percent) and Ukraine - $459.91 million (5.24 percent). The share of these countries in total import volume of Azerbaijan is 55.38 percent.
In 2017, Azerbaijan exported goods worth $13.81 billion, which is 51.1 percent more than in 2016. In the reporting period, imports amounted to $8.78 billion, which is more than in 2016. The surplus in the reporting period amounted to $5.03 billion, which is 8.2 times more than in 2016.