Import of products from Portugal to Azerbaijan up in 1H2020
BAKU, Azerbaijan, Aug.1
By Fidan Babayeva – Trend:
The import of products from Portugal to Azerbaijan increased by 21.1 percent over the first 6 months of 2020, compared to the same period of last year, and made up $5.9 million, Trend reports on August 1 referring to the statistical bulletin of the Azerbaijani State Customs Committee.
In the reporting period, Portugal’s share in the total import volume of Azerbaijan showed an increase from 0.07 percent to 0.12 percent of the total volume.
Meanwhile, the export of Azerbaijani products to Portugal made up $130.7 million which is 63 percent less than in the first half of last year ($213.3 million). Portugal’s share in the total export volume of Azerbaijan decreased from 2.1 percent to 1.7 percent.
The foreign trade operations between Azerbaijan and Portugal amounted to $136.7 million from January through June this year, which is 1.5 times less than in the same period of 2019.
The balance of foreign trade turnover between Azerbaijan and Portugal during the reporting period was positive and amounted to over $124.7 million.
In general, the foreign trade turnover of Azerbaijan amounted to $12.6 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 declined by 10 percent and remained negative, amounting to $2.6 billion.
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