BAKU, Azerbaijan, Sept. 19
By Fidan Babayeva - Trend:
The share of the EU in the total import of Azerbaijan increased from 17.18 percent to 21.40 percent of the total volume from January through August 2020, Trend reports citing the statistical bulletin of the Azerbaijani State Customs Committee.
The export of products from the EU to Azerbaijan decreased by 11.2 percent, amounting to $1.6 billion.
From January through August 2020, the export of Azerbaijani products to the EU countries decreased by 33.4 percent compared to the same period of 2019.
According to the committee, the export of Azerbaijani products to the EU for the first eight months of this year amounted to $4.8 billion, while a year-earlier - $7.2 billion.
The share of the EU in the total export of Azerbaijan dropped from 53.45 to 48.67 percent of the total volume.
The volume of foreign trade operations between Azerbaijan and the EU amounted to $6.2 billion from January through August 2020, which is 29.4 percent less than in the same period of last year.
Azerbaijan's foreign trade turnover amounted to $16.6 billion from January through August 2020, which is 27.6 percent less than in the same period of 2019.
The balance of foreign trade turnover on an annualized basis decreased by 22.9 percent but nevertheless remained positive, amounting to $3.2 billion, which is 23 percent less than in the same period of last year.
(1 USD = 1.7 AZN on Sept. 19)
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