BAKU, Azerbaijan, Apr.4
Trend:
Volume of trade turnover between Kyrgyzstan and Azerbaijan amounted to $6.1 million in 2019, which is 31.4 percent more compared to 2018, Trend reports with reference to Kyrgyz Ministry of Economy.
The ministry’s data said that the total volume of trade turnover was $4.7 million in 2018.
Kyrgyzstan’s export to Azerbaijan in 2019 amounted to $4 million, which is 2.9 times more compared to 2018 when it amounted to $1.9 million. In turn, import from Azerbaijan to Kyrgyzstan amounted to $2.2 million, which is 22 percent less than in 2018 ($2.8 million in 2018), said monthly report of Azerbaijan’s State Customs Committee (SCC).
Azerbaijan’s foreign trade increased by 7.7 percent from January through December 2019 compared to the same period of 2018, and amounted to $33.3 billion, the committee said.
During the reporting period, export from Azerbaijan increased by 0.9 percent, and amounted $19.6 billion, the state committee said. Specific share of export dropped by almost four percentage points, and reached 59 percent of total volume, the committee said.
Import to Azerbaijan increased by 19.2 percent for 2019 compared to the preceding year, amounting to $13.6 billion, SCC noted. The specific share of import in total trade increased by 4 percentage points, and reached 41 percent of total volume, said the SCC's report.
Positive balance of foreign trade dropped by 25.3 percent, but remained positive and amounted to $5.9 billion, said the report.