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Azerbaijan increases exports

Business Materials 15 May 2019 17:03 (UTC +04:00)

Baku, Azerbaijan, May 15

By Kheyraddin Nasirzade - Trend:

In January-April 2019, Azerbaijan exported goods worth $7.09 billion, which is 25.4 percent more than in January-April 2018, Trend reports referring to the Azerbaijan State Customs Committee.

The share of the public sector in exports amounted to $4.24 billion, the private sector to $2.84 billion, and individuals to over $17 million.

During the period, Azerbaijan exported mostly oil and oil products, natural gas, fruits, vegetables and electricity.

Top 5 goods exported by Azerbaijan:

Goods

January-April 2019

January-April 2018

Volume

Value (1,000 USD)

Volume

Value (1,000 USD)

Oil, tons

12,061,695.52

5,678,799.44

9,338,941.60

4,631,311.68

Natural gas, 1,000 cubic meters

4,039,658.12

637,955.85

1,893,203.57

342,922.61

Oil products, tons

359,965.91

178,474.46

368,926.29

181,785.92

Fruits and vegetables, tons

134,603.02

149,119.31

104,311.18

111,131.18

Electricity, 1,000 kW/h

1,048,890.47

45,097.69

987,949.77

47,303.79

During this period, imports amounted to $4.55 billion, which is 50.3 percent more than in January-April 2018.

The share of the public sector in imports amounted to $1.78 billion, the private sector to $2.52 billion and individuals to $248.5 million.

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

Top 5 goods imported by Azerbaijan:

Goods

January-April 2019

January-April 2018

Volume

Value (1,000 USD)

Volume

Value (1,000 USD)

Machines, mechanisms, electrical equipment and spare parts for them

-

845,184.64

-

718,296.66

Vehicles and spare parts for them

-

354,891.82

-

256,620.88

Ferrous metals and products made of them, tons

261,411.41

317,217.85

289,510.46

351,949.16

Wheat, tons

518,704.31

117,079.98

406,842.41

70,971.29

Plastic and products made of plastic, tons

61,504.54

112,088.87

52,884.83

102,379.42

In general, Azerbaijan’s foreign trade operations increased by almost 34 percent amounting to $11.6 billion in January-April 2019 compared to the same period of 2018.

The positive balance in the period amounted to $2.5 billion, which is 3.25 percent less than in the same period last year ($2.6 billion).

During this period, Azerbaijan exported 1,873 types of goods and imported 6,480 types of goods.

There were 161 countries among Azerbaijan's foreign trade partners.

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Follow the author on Twitter: @1nasirzade

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