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Azerbaijan's foreign trade grows

Business Materials 17 September 2019 13:11 (UTC +04:00)

Baku, Azerbaijan, Sept. 17

By Eldar Janashvili - Trend:

Azerbaijan's foreign trade turnover totaled $22.901 billion in January-August 2019, which is 16 percent more compared to the figure in January-August 2018, Trend reports referring to the monthly report of the country's State Customs Committee.

In the foreign trade turnover, exports amounted to $13.52 billion, which is 5 percent more compared to the same period last year. Nevertheless, the share of exports decreased by 6.2 percent to 59 percent of the volume of foreign trade turnover.

Imports to Azerbaijan in January-August 2019 amounted to $9.382 billion, having increased significantly by 36.7 percent compared to the same period last year.

The share of imports in the total turnover increased by 6.2 percent up to 41 percent of the total turnover.

The balance in foreign trade turnover decreased by 31.2 percent, but, nevertheless, remained positive and amounted to $4.138 billion.

(1 USD = 1.7 AZN on Sept. 17)

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