BAKU, Azerbaijan, June 27
By Fidan Babayeva - Trend:
The foreign trade operations between Azerbaijan and Denmark amounted to $60.2 million from January through May 2020, which is 3.3 times more than in the same period of last year, Trend reports on June 26 referring to the Azerbaijani State Customs Committee’s statistics bulletin.
The data said the export of Azerbaijani products to Denmark amounted to $49.7 million from January through May 2020 compared to $310,000 in the same period of 2019. Denmark's share in Azerbaijan’s total export volume also increased by 0.71 percent.
The import of products from Denmark to Azerbaijan decreased by 1.7 times, declining year on year from $18.1 million to $10.5 million. Denmark's share in Azerbaijan’s total import volume also decreased from 0.31 percent to 0.25 percent of the total volume.
Overall, the export-import ratio in the foreign trade relations of the two countries shifted towards export from January through May 2020.
The foreign trade relations were more inclined towards export - 2 percent and 98 percent from January through May 2019, respectively, while the ratio of export to import from January through May 2020 amounted to 83 percent and 17 percent, respectively.
Thus, the balance of foreign trade between the two countries for the reporting period was positive and amounted to $39.2 million.
In general, the foreign trade turnover of Azerbaijan amounted to $11.1 billion from January through May 2020, which is 22.9 percent less than in the same period of 2019.
The balance of foreign trade turnover on an annual basis increased by 0.9 percent and remained positive, amounting to $2.8 billion.
(1 USD = 1.7 AZN on June 26)
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