BAKU, Azerbaijan, Nov.30
By Fidan Babayeva - Trend:
The value of Azerbaijani products export to Kazakhstan for 10M2020 exceeded $21.8 million against $21.1 million in the same period of 2019, up by 3.2 percent year on year, Trend reports citing the statistical bulletin of the State Customs Committee (SCC) of Azerbaijan.
According to the bulletin, thus, the share of Kazakhstan in Azerbaijan’s total export made up 0.2 percent, while a year earlier this figure was 0.1 percent.
During the reporting period, the import of Kazakh products to Azerbaijan declined to slightly over $81.6 million from $170 million recorded in 10M2019. The share of Kazakhstan in the total import of Azerbaijan lowered from 1.48 percent to 0.93 percent.
The volume of foreign trade operations between the two countries amounted to $103.4 million, which is 45 percent less compared to the same period of last year.
Thus, the balance of foreign trade turnover between the two countries for the reporting period remained negative, equating to $59.8 million.
In general, from January through October 2020, the foreign trade turnover of Azerbaijan made up over $21 billion, down by 25.7 percent year on year.
Azerbaijan and Kazakhstan cooperate in terms of equipping with oil and gas equipment, shipping at the international level (across the Caspian Sea), establishing transport and logistics companies, in the military-industrial area, in the production and disposal of agricultural products, in the scientific and technical sphere.
Currently, 524 enterprises with Azerbaijani participation are registered in Kazakhstan, of which 221 are joint ventures. The main element of joint activities is the development and modernization of transit transport corridors that unite these two states.
For 9 months of 2020, 1.6 million tons of cargo were transported on the Aktau-Baku-Aktau route, including 9,800 containers of the Aktau-Baku feeder line. At the moment, there is interest in improving the Trans-Caspian International Transport Route (TMTM).
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