BAKU, Azerbaijan, Nov. 18
By Zeyni Jafarov – Trend:
The volume of foreign trade operations between Azerbaijan and Belarus from January through October 2020 made up $252.6 million, increasing by 59.5 percent compared to the same period of 2019, Trend reports citing the statistical bulletin of the Azerbaijani State Customs Committee.
According to the bulletin, the share of Belarus in the total import of Azerbaijan made up 1.04 percent ($91.4 million) of the total volume against 1.23 percent ($141.05 million) in the same period of 2019.
Meanwhile, the value of export of Azerbaijani products to Belarus amounted to $161.2 million, while a year earlier this figure was $17.3 million (an increase by more than nine times). As a result, the country’s share in Azerbaijan’s total export increased from 0.1 percent to 1.32 percent.
Thus, the balance of foreign trade turnover between the two countries for the reporting period remained positive, equating to $69.8 million.
From January through October 2020, the foreign trade turnover of Azerbaijan made up over $21 billion, which is 25.7 percent less compared to the same period of 2019.
The balance of the country’s annualized foreign trade turnover for the reporting period decreased by 35.4 percent, remained positive, equating to $3.5 billion.
(1 USD = 1.7 AZN on Nov. 18)
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