Foreign trade operations between Azerbaijan and Israel up by more than twofold
BAKU, Azerbaijan, Sept. 13
By Fidan Babayeva - Trend:
The export of the Azerbaijani products to Israel from January through July 2020 amounted to $314.9 million, which is 2.2 times more than in the same period of last year, Trend reports citing the statistics bulletin of the Azerbaijani State Customs Committee.
Thus, Israel purchased the products from Azerbaijan by $171.8 million more than in the same period of 2019. Israel's share in Azerbaijan's total export volume also increased from 1.17 percent to 3.45 percent of the total volume.
The import of Israeli products to Azerbaijan increased by almost 16 percent, increasing year on year from $7.5 million to $8.7 million.
Israel's share in Azerbaijan's total import volume increased from 0.09 percent to 0.15 percent of the total volume.
The volume of foreign trade operations between Azerbaijan and Israel amounted to $323.6 million from January through July 2020, which is by 2.1 times more than in the same period of last year.
Thus, the foreign trade balance of the two countries for the reporting period remained positive for Azerbaijan and amounted to $306.1 million.
In general, Azerbaijan's foreign trade turnover amounted to $15.03 billion from January through July 2020, which is by 1.4 times less than in the same period of 2019.
The balance of foreign trade turnover on an annualized basis decreased by 1.1 times. It remained positive and amounted to $3.2 billion.
Israel has become one of three leading importers of Azerbaijani oil from January through March 2020.
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