...

Azerbaijan’s trade surplus revealed

Business Materials 19 February 2018 11:29 (UTC +04:00)

Baku, Azerbaijan, Feb. 19

By Anvar Mammadov – Trend:

Azerbaijan exported goods worth $1.04 billion in January 2018 that is by 29.1 percent more than in the same period last year, according to a report of the country’s State Customs Committee.

The share of state sector in export totaled $942.85 million, private sector – $92.62 million, individuals – $3.23 million.

Azerbaijan mainly exported oil and oil products, gas, fruits and vegetable, plastic and plastic products in January 2018.

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

Items

January 2018

January 2017

Quantity

Cost (thousand dollars)

Quantity

Cost (thousand dollars)

Oil, thousand tons

1,811,648.84

874,821.58

1,652,458.12

663,768.37

Oil products, thousand tons

28,260.95

15,867.69

57,721.32

21,573.94

Natural gas, thousand cubic meters

144,716.36

22,727.85

209,079.77

26,988.55

Fruits and vegetables, thousand tons

33,940.42

34,884.47

22,732.05

24,046.12

Plastic and plastic products, thousand tons

10,467.33

10,278.21

20,285.47

12,188.93

During the period, import totaled $688.63 million, which is 53 percent more than in January 2017. Some $164.32 million accounted for the state sector share in import operations, and $488.17 million – for the private sector, $36.14 million – for individuals.

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

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

Items

January 2018

January 2017

Quantity

Cost (thousand dollars)

Quantity

Cost (thousand dollars)

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

-

151,116.27

-

107,138.36

Ferrous metals and ferrous goods, thousand tons

65,980.45

66,628.72

46,904.17

45,136.17

Vehicles and spare parts, thousand dollars

-

103,594.78

-

17,826.89

Plastic and plastic products, thousand tons

11,533.26

22,793.48

8,697.99

16,148.33

Wheat, thousand tons

121,529.80

21,720.36

58,700.83

10,857.09

Azerbaijan’s foreign trade operations increased by 38.4 percent and amounted to $1.73 billion in January 2018, as compared to January 2017. The surplus in the reporting period amounted to $350.08 million, which is 1.3 percent less than in the same period last year.

Tags:
Latest

Latest