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Azerbaijan maintains positive trade balance in 10M2020

Business Materials 11 December 2020 15:28 (UTC +04:00)
Azerbaijan maintains positive trade balance in 10M2020

BAKU, Azerbaijan, Dec.11

By Zeyni Jafarov - Trend:

Legal entities and individuals in Azerbaijan conducted trade operations with partners from 182 countries in the first 10 months of this year, Trend reports referring to the State Statistical Committee.

In particular, Azerbaijani products were exported to 107 countries and imported from 173 countries.

The country's foreign trade turnover amounted to $19.9 billion (including the statistical value of crude oil and natural gas exported by customs authorities, but the customs clearance of which was not fully completed), including $11.1 billion of exports and over $8.7 billion of imports in the reporting period of 2020. As a result, the trade surplus was almost $2.36 billion.

From January through October 2020, the country’s foreign trade turnover in real prices decreased by 27.5 percent, in real terms - by 21.7 percent, imports - by 37.6 percent, and exports - by 10.4 percent year on year.

Meanwhile, the country exported non-oil products worth over $1.4 billion, which is a decline of 8.2 percent in actual prices and 18.2 percent in real terms compared to the same period of 2019.

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