BAKU, Azerbaijan, Feb. 15
By Fidan Babayeva - Trend:
The export of goods from Azerbaijan to France amounted to $110.7 million in 2020, which is by five times less than in 2019, Trend reports with reference to the statistics bulletin of the Azerbaijani State Customs Committee.
Thus, the share of France in the total export of Azerbaijan decreased up to 2.73 percent.
The import of products from France to Azerbaijan on an annualized basis increased from $250 million to $448.2 million in 2020.
The share of France in Azerbaijan's total import amounted to 4.18 percent of the total volume compared to 1.83 percent in 2019.
The volume of foreign trade operations between Azerbaijan and France amounted to $558.8 million, which is by 29 percent less compared to 2019.
Thus, the balance of foreign trade turnover between Azerbaijan and France remained negative over the reporting period, amounting to $338 million.
The legal entities and individuals in Azerbaijan conducted trade operations with partners from 183 countries in 2020.
The products have been exported to 111 countries and imported from 172 countries.
The country's foreign trade turnover in 2020 amounted to $24.2 billion (taking into account the statistics value of crude oil and natural gas exported by customs structures, but customs clearance of which has not been fully completed), including $13.4 billion in export and $10.7 billion in import. As a result, the trade surplus amounted to almost $2.7 billion.
The foreign trade turnover in real prices decreased by 26.8 percent, in real terms - by 21.9 percent, import - by 36 percent and export - by 12 percent compared to 2019.
A joint webinar was held in May 2020 at the initiative of the Azerbaijan Export and Investment Promotion Foundation (AZPROMO), the French Organization of Entrepreneurs (MEDEF) and the Azerbaijan-France Chamber of Commerce and Industry.
The State Oil Company of Azerbaijan (SOCAR) and the French Total oil company are cooperating. It is planned to implement such projects as exploration and development of the block of offshore fields "Umid" and "Babek".
(1 USD = 1.7 AZN on Feb.15)
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