Azerbaijan ups 1H2020 imports of products from China
BAKU, Azerbaijan, Aug.4
By Fidan Babayeva – Trend:
The import of products from China to Azerbaijan increased by 12 percent over the first six months of 2020, compared to the same period of last year, and made up $663.4 million, Trend reports referring to the statistical bulletin of the Azerbaijani State Customs Committee.
In the reporting period, China’s share in the total import volume of Azerbaijan showed a growth from 0.31 percent to 13.3 percent.
Meanwhile, the export of Azerbaijani products to China amounted to $246.4 million which is 2.7 times less than in the first half of last year. China’s share in the total export volume of Azerbaijan decreased from 6.8 percent to 3.2 percent.
The foreign trade operations between Azerbaijan and China amounted to $909.9 million from January through June this year, which is 40 percent less than in the same period of 2019.
The balance of foreign trade turnover between Azerbaijan and China during the reporting period was positive and stood at $416 million.
The total 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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