...

Azerbaijan increasing import of products from Austria

Business Materials 30 July 2020 16:07
Azerbaijan increasing import of products from Austria

BAKU, Azerbaijan, July 30

By Fidan Babayeva – Trend:

The import of products from Austria to Azerbaijan increased by 6.1 percent and reached $34.05 million from January through June 2020, Trend reports referring to the statistical bulletin of the Azerbaijani State Customs Committee.

Austria’s share in the total import volume of Azerbaijan increased from 0.46 percent to 0.68 percent of the total volume.

The export of Azerbaijani products to Austria decreased by 3.7 percent from January through June 2020 compared to the same period of 2019.

In accordance with the data, the export of Azerbaijani products to Austria amounted to $54.9 million from January through June 2020, while a year earlier - $257.7 million.

Austria’s share in the total export volume of Azerbaijan increased from 1.18 percent to 1.34 percent of the total volume.

The foreign trade operations between Azerbaijan and Austria amounted to $137.4 million, which is 8.9 percent less than in the same period of last year.

The foreign trade balance of the two countries for the reporting period was positive and amounted to $69.3 million.

Azerbaijan's foreign trade turnover amounted to $12.7 billion from January through June 2020, which is 34.1 percent less than in the same period of 2019.

The balance of foreign trade turnover on an annualized basis decreased by 10 percent and remained negative, amounting to $2.7 billion.

(1 USD = 1.7 AZN on July 30)

---

Follow the author on Twitter: Fidan_Babaeva

Tags:
Latest

Latest