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Azerbaijan significantly increases exports

Business Materials 15 November 2018 20:46 (UTC +04:00)

Baku, Azerbaijan, Nov. 15

By Taleh Mursagulov - Trend:

Azerbaijan exported goods worth $15.97 billion in January-October 2018, which is 76.46 percent more than in the same period of 2017, the Azerbaijan State Customs Committee said.

Share of the public sector in exports amounted to $11.37 billion (71.19 percent), private sector – $4.53 billion (28.38 percent), individuals – $69.29 million.

During the reported period, Azerbaijan mostly exported oil and oil products, natural gas, aluminum, plastic and plastic products, fruits and vegetables.

TOP 5 goods exported by Azerbaijan

Goods

January-October 2018

January-October 2017

Volume

Value (thousand $)

Volume

Value (thousand $)

Oil, tons

24,195,372.68

12,923,328.03

16,977,159.44

6,539,344.36

Oil products, tons

895,112.19

459,661.82

686,007.3

268,227.81

Natural gas, 1,000 cubic meters

6,184,175.16

1,209,621.69

5,649,024.92

1,001,705.19

Fruit and vegetables, tons

443,196.13

405,497.75

408,186.87

375,321.62

Aluminum, tons

44,933.72

102,664.52

50,754.41

98,081.79

Imports amounted to $9.25 billion during the reported period, which is 32.9 percent more than in January-October 2017.

Share of the public sector in imports amounted to $2.09 billion, private sector – to $6.65 billion, individuals – to $515.1 million.

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

TOP 5 goods imported by Azerbaijan

Goods

January-October 2018

January-October 2017

Volume

Value (thousand $)

Volume

Value (thousand $)

Machines, mechanisms, electrical equipment and spare parts for them, thousand $

-

2,095,667.3

-

1,489,997.07

Wood and products made of wood

-

244,142.24

-

174,557.95

Ferrous metals and products made of them, tons

773,944.89

1,029,742.19

642,383.21

657,227.51

Vehicles and spare parts for them

-

715,121.35

-

907,880.51

Plastic and products made of plastic, tons

156,458.06

298,979.90

143,543.72

247,392.68

In general, Azerbaijan's foreign trade operations increased by almost 57.51 percent amounting to $25.22 billion in January-October 2018 compared to the same period of 2017.

The positive balance in the period amounted to more than $6 billion, against $2.1 billion in January-October 2017.

Azerbaijan exported 2,875 types of goods and imported 7,367 types of goods during the period.

Azerbaijan's foreign trade partners are 178 countries.

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