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Top 5 trade partners of Azerbaijan

Business Materials 15 June 2019 14:01 (UTC +04:00)

Baku, Azerbaijan, June 15

By Kheyraddin Nasirzade - Trend:

In January-May 2019, foreign trade operations of Azerbaijan increased by 28.7 percent compared to the same period of 2018, and reached $14.45 billion, Trend reports referring to the country's State Customs Committee.

Exports compared to the same period of 2018 increased by 16.9 percent and reached $8.62 billion. Most of all, Azerbaijan exported products to Italy, Turkey, China, India and Germany.

Top 5 export destinations of Azerbaijani products:

Countries

January-May 2019

January-May 2018

Value ($1,000)

Share in total exports (%)

Value ($1,000)

Share in total exports (%)

Italy

2,556,721.83

29.68

1,651,475.64

22.41

Turkey

982,603.70

11.41

562,226.43

7.63

China

602,987.30

7.00

-

-

India

479,197.94

5.56

217,714.37

2.95

Germany

474,362.87

5.51

324,905.61

4.41

The volume of imports compared to the same period of 2018 increased by 51.3 percent and amounted to $5.83 billion. Most of all, Azerbaijan imported products from Switzerland, Russia, Turkey, China and the US.

Top 5 countries from which Azerbaijan imported goods from:

Countries

January-May 2019

January-May 2018

Value ($1,000)

Share in total imports (%)

Value ($1,000)

Share in total imports (%)

Switzerland

828,588.56

14.20

-

-

Russia

816,642.86

14.00

669,141.94

17.36

Turkey

567,283.43

9.72

607,274.19

15.75

China

483,795.67

8.29

393,187.63

10.20

US

384,745.32

6.59

186,742.43

4.84

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Follow the author on Twitter: @1nasirzade

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