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UK multiplies imports from Azerbaijan

Business Materials 2 June 2021 16:46 (UTC +04:00)

BAKU, Azerbaijan, June 2

By Zeyni Jafarov - Trend:

Exports from Azerbaijan to the UK in total exceeded $87.2 million from January through April 2021, having increased 12 times compared to the same period of 2020, Trend reports citing the statistical bulletin of the State Customs Committee (SCC) of Azerbaijan.

Reportedly, the UK's share in Azerbaijan's total exports reached 1.37 percent against 0.11 percent in the first 4 months of 2020.

Along with this, by the end of April 2021, imports of the UK products to Azerbaijan amounted to $95.7 million, and the UK's share in Azerbaijan's total imports increased by 0.47 percentage points over the year, reaching 2.71 percent of the total.

The volume of foreign trade operations between the two countries in the first four months of 2021 approached $183 million, while the trade balance between them remained negative and stood at $8.49 million.

Azerbaijan's total foreign trade turnover in the first 4 months of 2021 amounted to almost $9.9 billion. Of these, exports accounted for $6.36 billion (64.33 percent), and imports - $3.53 billion (35.67 percent).

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