BAKU, Azerbaijan, May 11
By Zeyni Jafarov - Trend:
The value of exports from Azerbaijan to the UK totaled over $85.9 million from January through March 2021, having soared 15 times compared to the same period of 2020, Trend reports with reference to the statistical bulletin of Azerbaijan’s State Customs Committee (SCC).
As reported, the share of the UK in the total export of Azerbaijan in the first quarter of this year reached 2.08 percent, while a year earlier this figure was 0.13 percent.
“At the same time, the value of imports of the UK products to Azerbaijan amounted to $76.2 million, and the UK share in total imports of Azerbaijan increased by 0.78 percentage points over the year, amounting to 3.01 percent of the total volume,” the report said.
The volume of foreign trade operations between the two countries in the first quarter of 2021 exceeded $162.2 million, while the balance of trade between Azerbaijan and the UK over the reporting period became positive, amounting to $9.7 million.
Azerbaijan's foreign trade turnover from January through March approached $6.66 billion. Of these, more than $4.13 billion (62.05 percent) accounted for exports, the remaining $2.53 billion (37.95 percent) - for imports.
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