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Value of export operations between Azerbaijan, Denmark more than doubles

Business Materials 9 October 2020 16:09 (UTC +04:00)
Value of export operations between Azerbaijan, Denmark more than doubles

BAKU, Azerbaijan, Oct.9

By Zeyni Jafarov - Trend:

The foreign trade operations between Azerbaijan and Russia reached $67.2 million from January through August 2020, which is 2.2 times more than in the same period of last year, Trend reports citing the statistical bulletin of the Azerbaijani State Customs Committee.

According to the ministry, the import of goods from Denmark to Azerbaijan on an annualized basis decreased from $29.8 million to $17.5 million. The share of Denmark in the total import volume of Azerbaijan made up 0.26 percent compared to 0.32 percent in the same period of 2019.

The export of Azerbaijani goods to Denmark in the past eight months of this year amounted to $49.7 million, while a year earlier this figure was $594,800, the ministry said.

Thus, the share of Denmark in the total export volume of Azerbaijan increased from 0 percent to 0.5 percent.

The balance of foreign trade turnover between Azerbaijan and Denmark remained positive during the reporting period and amounted to $32.2 million.

In general, Azerbaijan's foreign trade turnover amounted to $16.5 billion from January through August 2020, which is 27.6 percent less than in 2019.

The balance of foreign trade turnover on an annualized basis decreased by 22.9 percent but remained positive, amounting to $3.1 billion.

(1 USD = 1.7 AZN on Oct.9)

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