BAKU, Azerbaijan, Nov.16
By Zeyni Jafarov - Trend:
Azerbaijan's foreign trade turnover amounted to more than $21 billion from January through October 2020, which is 25.7 percent less compared to the same period of 2019, Trend reports citing a monthly report of the State Customs Committee (SCC) of Azerbaijan.
"In the structure of foreign trade turnover, exports accounted for $12.2 billion. The volume of exports declined by 27.3 percent on an annual basis. The share of exports decreased by 1.24 percentage points over the year, to 58.25 percent of the total foreign trade turnover," the report said.
Imports to Azerbaijan amounted to $8.77 billion in the first ten months of 2020, having decreased by 23.5 percent compared to the same period of 2019. The share of imports in the total trade turnover increased by 1.24 percentage points, up to 41.75 percent of the total volume.
The balance of foreign trade turnover decreased by 35.4 percent in annual terms, but remained positive, amounting to $3.46 billion.