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Azerbaijan increases private sector's share in exports

Business Materials 13 July 2018 14:39 (UTC +04:00)

Baku, Azerbaijan, July 13

By Anvar Mammadov - Trend:

Azerbaijan exported goods totaling $ 8.66 billion in January-June 2018, which is 64.3 percent more than in the same period last year, the State Customs Committee (SCC) said in a statement.

The share of the public sector in exports amounted to $6.46 billion, the private sector – $2.16 billion, individuals – $39.09 million. The share of the private sector in exports increased from 16.5 to 24.9 percent in one year.

Azerbaijan exported oil and oil products, gas, fruits, vegetables and plastics most of all in 1H2018.

The list of the TOP 5 goods exported by Azerbaijan arranged by their total values:

Title of goods

January-June 2018

January-June 2017

quantity

value (thousand $)

quantity

value (thousand $)

Oil, tons

13 564 784.04

6 945 438.31

9 707 174.36

3 839 227.7

Oil products, tons

548 024.03

282 794.13

380 224.64

145 997.81

Natural gas, thousand cubic meters

3 101 025.02

570 337.12

3 180 646.82

527 932.37

Fruits and vegetables, tons

299 677.26

276 701.57

264 708.59

230 066.19

Plastic and products made of plastic, tons

94 797.2

71 776.23

92 751.08

63 143.44

The volume of imports amounted to $4.66 billion during the reporting period, which is 36.7 percent more than in January-June 2017. The share of the public sector in import operations amounted to $744.59 million, private sector – to $3.63 billion, individuals – to $284.22 million.

The most popular products imported by Azerbaijan during the reporting period were various machines and mechanisms, ferrous metals and products made of them, vehicles and spare parts for them, plastic and products made of plastic and wood and products made of wood.

The list of the TOP 5 goods imported by Azerbaijan arranged by total values:

Title of goods

January-June 2018

January-June 2017

quantity

value (thousand $)

quantity

value (thousand $)

Machines, mechanisms, electrical equipment and spare parts for them, thousand US dollars

-

1 112 400.19

-

745 823.24

Wood and products made of wood

-

137 820.54

-

89 684.29

Ferrous metals and products made of them, tons

457 532.02

520 342.47

358 670.89

332 722.66

Vehicles and spare parts for them

-

391 002.87

-

221 053.21

Plastic and products made of plastic, tons

89 275.5

170 420.1

72 168.42

128 481.24

In general, Azerbaijan's foreign trade operations increased by almost 53.5 percent in the first six months of 2018, compared to the same period in 2017, amounting to $13.32 billion. The positive balance in the reporting period amounted to more than $4 billion, which is more than twice as much as in the first half of last year ($1.86 billion).

Azerbaijan exported 2,393 types of goods and imported 6,865 types of goods during the reporting period.

Azerbaijan's foreign trade partners are 167 countries. Some 12 203 legal entities and individuals (5 180 legal entities and 7 023 individuals) participated in foreign trade activities as a whole during the reporting period.

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