BAKU, Azerbaijan, Jan. 14
By Anastasia Savchenko - Trend:
Azerbaijan's trade turnover with its five main trade partners amounted to over $17.3 billion in 2019 or 52.14 percent of its total trade turnover, Trend reports referring to the country's State Customs Committee.
Italy retained the status of Azerbaijan's biggest trading partner with a turnover of $6 billion and a share of 18.04 percent. Italy is followed by Turkey - $4.5 billion (13.54 percent), Russia - $3 billion (9.07 percent), China - $2.1 billion (6.56 percent) and Germany - $1.6 billion (4.93 percent).
Comparative table of Azerbaijan's TOP-5 trade partners:
|
Countries |
2019 |
2018 |
||
|
Trade turnover |
Share (%) |
Trade turnover |
Share (%) |
|
|
Italy |
$6 billion |
18.04 |
$6.2 billion |
20.11 |
|
Turkey |
$4.5 billion |
13.54 |
$3.4 billion |
11.00 |
|
Russia |
$3 billion |
9.07 |
$2.5 billion |
8.25 |
|
China |
$2.1 billion |
6.56 |
$1.3 billion |
4.24 |
|
Germany |
$1.6 billion |
4.93 |
$1.4 billion |
4.66 |
During the reported period, Azerbaijan bought most of the products worth $2.3 billion (16.76 percent) from Russia. It is followed by Turkey - $1.6 billion (12.05 percent), China - $1.4 billion (10.48 percent), Switzerland - $1.2 billion (8.95 percent) and the US - $767.7 million (5.62 percent).
The share of these countries in Azerbaijan’s total imports was 53.86 percent.
Italy was the main importer of Azerbaijani products in 2019. Some $5.6 billion (28.72 percent) of Azerbaijan’s total export accounted for Italy. It is followed by Turkey - $2.8 billion (14.58 percent), Israel – $1.3 billion (6.78 percent), India - $955.8 million (4.87 percent) and Germany - $931.7 million (4.75 percent).
The share of these countries in Azerbaijan’s total export was 59.7 percent.
In general, Azerbaijan’s foreign trade operations increased by 7.14 percent and amounted to $33.3 billion in 2019, compared to 2018.
The positive balance amounted to over $5.9 billion in 2019, which is 25.33 percent less compared to 2018 ($7.9 billion).
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