BAKU, Azerbaijan, Aug. 24
By Nargiz Ismayilova – Trend:
The share of Turkmenistan in total import of Azerbaijan dropped from 1.15 to 0.84 percent from January through July 2020 of the total import volume, Trend reports citing the statistical bulletin of State Customs Committee (SCC).
Foreign trade operations of Azerbaijan and Turkmenistan amounted to $60.7 million in the first seven months of 2020, which is 84.2 percent less compared to the same period of 2019.
“The export of Azerbaijani products to Turkmenistan for the reporting period made up $11.2 million, while a year earlier – $14.5 million. Thus, Turkmenistan purchased products from Azerbaijan by 29.4 percent less than in the first seven months of last year. Turkmenistan’s share in the total export of Azerbaijan did not change,” noted the SCC’s report.
The report said that the volume of import of Turkmen products by Azerbaijan slumped by almost 96.1 percent, decreasing from $97.3 million to $49.6 million.
Accordingly, the balance of foreign trade turnover of the two countries for the specifying period remained negative, making up $38.4 million, added the report.
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