BAKU, Azerbaijan, Apr.24
By Fidan Babayeva – Trend:
Azerbaijan's trade turnover with five main trading partners amounted to $4.1 billion of the country's total trade turnover from January through March 2021, Trend reports citing a report of the country’s State Customs Committee.
Italy has retained the status of Azerbaijan's biggest trade partner with a trade turnover of over $1.5 billion, with a specific share of 23.25 percent. It is followed by Turkey – over $1.1 billion (a share – 15.7 percent), Russia - $585.2 million (7.5 percent), China - $428.26 million (6.4 percent) and India - $386.2 million (5.79 percent).
Comparative table of TOP-5 trade partners of Azerbaijan:
|
From Jan. through Mar. 2021 |
From Jan. through Mar. 2020 |
||||
|
Countries |
Trade turnover value |
Specific share (%) |
Countries |
Trade turnover value |
Specific share (%) |
|
Italy |
$1.5 billion |
23.25 |
Italy |
$1.9 billion |
28.46 |
|
Turkey |
$1.1 billion |
16.77 |
Turkey |
$740.4 million |
10.82 |
|
Russia |
$585.2 million |
8.78 |
Russia |
$573.9 million |
8.39 |
|
China |
$428.2 million |
6.42 |
China |
$423.8 million |
6.19 |
|
India |
$386.2 million |
5.79 |
US |
$252.6 million |
4.21 |
Italy again has again become the main consumer of Azerbaijani products during the reporting period, purchasing the Azerbaijani goods in the amount of $1.49 billion (35.53 percent of the entire export volume), followed by Turkey - $739 million (17.87 percent), India - $349.4 million (8.44 percent), Georgia - $261.39 million (6.32 percent) and Spain - about $182.1 million (4.4 percent).
During the reporting period, Azerbaijan purchased most of its products from Russia - for $449.8 million (the share of the entire import volume is 17.78 percent). It is followed by Turkey - $378.8 million (14.97 percent), China - $312.4 million (12.48 percent), Germany - $185 million (7.3 percent) and the US - $116.8 million (4.6 percent).
Azerbaijan's foreign trade turnover from January through March 2021 amounted to over $6.6 billion, which is 2.6 percent less than in the same period of 2020.
In the structure of foreign trade turnover, export accounted for over $4.1 billion, which shows a decrease in annual terms by 1.6 percent.
Import to Azerbaijan from January through March 2021 made up slightly over $2.5 billion, having decreased by 3.8 percent compared to the same period of 2020.
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