BAKU, Azerbaijan, Feb. 25
By Fidan Babayeva - Trend:
Azerbaijan's trade turnover with five main trading partners amounted to $1.52 billion or 63 percent of the country's total trade turnover in January 2021, Trend reports citing a report of the country’s State Customs Committee (SCC).
Italy has retained the status of Azerbaijan's largest trade partner with a trade turnover of $743.9 million, with a specific share of 30.85 percent. It is followed by Turkey - $261.1 million (a share - 10.83 percent), China - $216.2 million (8.97 percent), Russia - $159.8 million (6.63 percent) and Ukraine - $144.6 million (6 percent).
Comparative table of TOP-5 trade partners of Azerbaijan:
Jan. 2021 |
Jan. 2020 |
||||
Partner countries |
Trade turnover value |
Specific share (%) |
Partner countries |
Trade turnover value |
Specific share (%) |
Italy |
$743.9 million |
30.85 |
Italy |
$1.17 billion |
41.07 |
Turkey |
$261.1 million |
10.83 |
Turkey |
$224.4 million |
7.87 |
China |
$216.2 million |
8.97 |
Israel |
$182 million |
6.38 |
Russia |
$159.8 million |
6.63 |
Russia |
$167 million |
5.86 |
Ukraine |
$144.6 million |
6.00 |
China |
$120 million |
4.21 |
During the reporting period, Azerbaijan purchased most of its products from Russia - for $115.1 million (the share of all imports is 14.62 percent). It is followed by: Turkey - $114.3 million (14.52 percent). China - $109.3 million (13.89 percent) Germany - $90.8 million (11.54 percent) and the US - $44.8 million (5.7 percent).
Italy again became the main consumer of Azerbaijani products during Jan. 2021, purchasing the Azerbaijani goods in the amount of $722.5 million (44.49 percent of all exports). Turkey is next - $146.8 million (9.04 percent). Spain - $138.5 million (8.53 percent) Ukraine - $115.5 million (7.12 percent) and India - about $109 million (6.72 percent).
Azerbaijan's foreign trade turnover in January 2021 amounted to $2.41 billion.
In the structure of foreign trade turnover, exports accounted for $1.62 billion. The share of exports amounted to 67.34 percent of the total volume of foreign trade turnover.
Imports to Azerbaijan in January 2021 amounted to $787 million. The share of imports in the total turnover amounted to 32.66 percent of the total.
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