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Azerbaijan’s revenues from export of hazelnuts down

Business Materials 24 November 2020 21:10 (UTC +04:00)
Azerbaijan’s revenues from export of hazelnuts down

BAKU, Azerbaijan, Nov. 24

By Fidan Babayeva – Trend:

The export of hazelnuts from Azerbaijan amounted to $86.6 million from January through October 2020, Trend reports with reference to the statistics report of the Azerbaijani State Customs Committee.

The decline in the export of hazelnuts from Azerbaijan from January through October 2020 amounted to 14.8 percent compared to the same period of last year.

The State Customs Committee stressed that the export of hazelnuts from Azerbaijan amounted to 14,190 tons from January through October 2020, which is 23.4 percent less than from January through October 2019.

The share of hazelnuts in the total export of goods of Azerbaijan amounted to 0.7 percent, the State Customs Committee said.

Azerbaijan exported hazelnuts worth $101.2 million from January through October 2019.

Azerbaijan's foreign trade turnover amounted to more than $21 billion from January through October 2020, which is 25.7 percent less than in the same period of 2019.

Some $12.2 billion accounted for export in the structure of foreign trade turnover, decreasing by 27.3 percent in annual terms. The share of export for the year decreased by 1.24 percentage points up to 58.25 percent of the total volume of foreign trade turnover.

Import to Azerbaijan from January through October 2020 amounted to $8.8 billion, having decreased by 23.5 percent compared to the same period of last year.

The share of import in the total trade turnover increased by 1.24 percentage points up to 41.75 percent of the total volume.

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