Trade turnover between Azerbaijan and Kazakhstan exceeds $135M

Business Materials 29 July 2019 13:49 (UTC +04:00)

Baku, Azerbaijan, July 29

By Nargiz Sadikhova - Trend:

During first six months of 2019, the volume of trade turnover between Kazakhstan and Azerbaijan has increased by 16 percent compared to the same period of last year and amounted to $136 million, with export of Kazakh grain to Azerbaijan having tripled, Trend reports with reference to the report of Kazakhstan’s Khabar 24 channel.

Kazakhstan has exported goods worth $124 million to Azerbaijan, which is 33 percent more than during 1H2018, and this placed Kazakhstan among top 15 main importers of Azerbaijan.

“During 1H2019, Kazakhstan imported $60 million worth of agricultural products to the country. Some $57 million of the sum accounts for wheat and the rest of the sum accounts for other grains,” Azerbaijan's Agrarian Research Center Firdovsi Fikretzade said.

According to the Ministry of Agriculture of Kazakhstan, the import of Kazakh grain tripled during 1H2019, which was due to unified customs tariffs on the routes.

“Since 2018, the trade relations between two countries have been rapidly increasing. The indicators this year also demonstrate that Kazakhstan has strengthened its presence in the Azerbaijani import,” Azerbaijani economist Vugar Bayramov said.

According to experts, Kazakhstan’s grain maintains its competitiveness due to its high quality. This is why the interest in the product in the Azerbaijan’s market will be growing.

(1 USD = 1.7 AZN on July 29)


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