...

EU's share in total imports of Azerbaijan up

Business Materials 7 September 2020 18:41
EU's share in total imports of Azerbaijan up

BAKU, Azerbaijan, Sept. 7

By Fidan Babayeva - Trend:

The share of the EU in the total imports of Azerbaijan increased from 16.75 to 21.29 percent of the total import volume from January through July 2020, Trend reports citing the statistical bulletin of the State Customs Committee (SCC) of Azerbaijan.

The SCC said that the import of products from the EU to Azerbaijan decreased by 12.4 percent, amounting to $1.2 billion.

In the first seven months of 2020, the export of Azerbaijani products to the EU countries decreased by 46 percent compared to the same period of 2019, noted the SCC.

According to the committee, the export of Azerbaijani products to the EU for the first seven months of this year amounted to $4.5 billion, while a year-earlier - $6.6 billion. The share of the EU in the total export of Azerbaijan dropped from 54.32 to 49.96 percent of the total export volume.

In general, Azerbaijan's foreign trade turnover amounted to $15 billion in the first seven months of 2020, which is 1.4 times less compared to the same period of 2019. The balance of foreign trade turnover declined 1.1 times over the year, and remained positive, making up $3.2 billion.

---

Follow the author on Twitter: Fidan_Babaeva

Tags:
Latest

Latest