BAKU, Azerbaijan, July 24
By Nargiz Ismayilova - Trend:
The export of Azerbaijani products to Belgium slumped by 5 times from January through June 2020, compared to the same period in 2019, Trend reports citing the statistical bulletin of the State Customs Committee.
According to the bulletin, the export of Azerbaijani products to Belgium in the first half of this year amounted to $1 million, while in the same period of last year this indicator was $5.1 million. The share of Belgium in the total export of Azerbaijan slid from 0.05 to 0.01 percent of the total volume of export.
In 1H2020, foreign trade operations between Azerbaijan and Belgium amounted to slightly over $23.8 million, which is 72 percent less compared to 1H2019.
The volume of import of Belgian products to Azerbaijan declined by 57.5 percent, amounting to slightly over $22.8 million. Belgium’s share in the total import of Azerbaijan went down from 0.55 to 0.46 percent of the total volume of import.
The foreign trade balance of the two countries for the reporting period was negative and made up slightly over $21.8 million.
In the first six months of 2020, Azerbaijan's foreign trade turnover amounted to $12.6 billion, having decreased by 34.1 percent year-on-year. The balance of foreign trade turnover on an annual basis declined by 10 percent and remained negative, amounting to $2.6 billion.
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