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Azerbaijan’s increases export of goods

Business Materials 13 April 2018 20:19 (UTC +04:00)

Baku, Azerbaijan, April 13

By Ilkin Shafiyev – Trend:

Azerbaijan exported goods worth $3.35 billion in January-March 2018 that is by 28.73 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 $2.94 billion, private sector – $403 million, individuals – $9.9 million.

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

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

Items

January-March 2018

January-March 2017

Quantity

Cost (thousand dollars)

Quantity

Cost (thousand dollars)

Oil, thousand tons

5,438,014.14

2,685,933.79

4,867,044.75

1,988,124.61

Oil products, thousand tons

276,550.21

135,958.25

196,653.13

78,278.43

Natural gas, thousand cubic meters

938,931.34

168,372.66

1,619,616.57

266,349.06

Fruits and vegetables, thousand tons

75,557.31

80,717.27

55,585.41

55,401.13

Plastic and plastic products, thousand tons

38,188.07

32,210.35

50,127.02

34,255.12

During the period, import totaled $2.19 billion, which is 44.84 percent more than in January-March 2017. Some $390 million accounted for the state sector share in import operations, and $1.66 billion – for the private sector, $132.42 million – for individuals.

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

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

Items

January-March 2018

January-March 2017

Quantity

Cost (thousand dollars)

Quantity

Cost (thousand dollars)

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

-

493,856.78

-

325,247.82

Food products, thousand tons

-

337,915.07

-

298,557.93

Ferrous metals and ferrous goods, thousand tons

212,818.38

265,259

160,103.4

150,219.87

Vehicles and spare parts, thousand dollars

-

200,745.27

-

67,493.2

Plastic and plastic products, thousand tons

37,775.72

72,982.72

29,048.42

53,564.43

Azerbaijan’s foreign trade operations increased by 34.65 percent and amounted to $5.54 billion in January-March 2018, as compared to January-March 2017. The surplus in the reporting period amounted to $1.16 billion, which is 6.44 percent more than in the same period last year.

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