Baku, Azerbaijan, May 16
By Anvar Mammadov – Trend:
Azerbaijan’s trade turnover with five main trade partners reached $4.11 billion in January-April 2017.
The figure accounts for 47.4 percent of all volume of the country’s trade turnover, says a report of Azerbaijan’s State Customs Committee.
In January-April 2017, Italy ranked first in the list of Azerbaijan’s foreign trading partners with a trade turnover of $1.5 billion and a specific weight of 17.32 percent. Italy is followed by Turkey - $884.5 million (10.19 percent), Russia - $684.37 million (7.89 percent), Israel- $527.34 million (6.08 percent) and Germany - $514.54 million (5.93 percent).
TOP-5 trading partners of Azerbaijan:
|
Countries |
January –March 2018 |
January –March 2017 |
Difference |
||
|
Trade turnover (manats) |
Specific weight (%) |
Trade turnover (manats) |
Specific weight (%) |
||
|
Italy |
1, 502, 826.51 |
17.32 |
879, 199.41 |
15.71 |
70.9% |
|
Turkey |
884, 498.35 |
10.19 |
729, 755.54 |
13.04 |
21.2% |
|
Russia |
684, 367.4 |
7.89 |
524, 685.59 |
9.38 |
30.4% |
|
Israel |
527, 342.85 |
6.08 |
185, 176.15 |
3.31 |
2.8 times |
|
Germany |
514, 536.54 |
5.93 |
260, 750.0 |
4.66 |
1.9 times |
Italy also remains leader for consumption of Azerbaijani goods. The country accounted for $1.4 million (24.75 percent) of Azerbaijan’s total export volume.
Italy is followed by Israel - $518.08 million (9.17 percent), Turkey- $416.33 million (7.37 percent), Indonesia- $312.37 million (5.53 percent) and Taiwan - $277.29 million (4.91 percent). The share of these countries in total export volume of Azerbaijan is 51.73 percent.
During the reporting period, Azerbaijan purchased the largest amount of products in Russia - $ 526.53 million (17.4 percent). Then follows Turkey - $468.17 million (15.47 percent), China - $306.91 million (10.14 percent), Germany - $237.42 million (7.85 percent) and the United States - $141.79 million (4.69 percent). The share of these countries in the total volume of Azerbaijan's imports is 55.55 percent.
In January-April 2018, Azerbaijan exported goods for a total of $5.65 billion, which is 64.7 percent more than in the same period last year.
During the reporting period, imports amounted to $3.03 billion, which is 40.3 percent more than in January-April 2017.
The surplus in the reporting period amounted to $2.63 billion, which is 2.1 times more than in January-April 2017.
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