BAKU, Azerbaijan, Oct.20
By Sadraddin Aghjayev - Trend:
Azerbaijan exported about 1.123 billion tons of oil to India from January through September 2021, Trend reports with reference to the State Customs Committee of Azerbaijan (SCC).
According to the ministry, the export of Azerbaijani oil to India in the specified period in value terms exceeded $496 million.
Totally, Azerbaijan exported over 20.281 million tons of oil in 9M2021, which is 7.1 percent, or about 1.5 million tons less than the same period last year.
In value terms, Azerbaijan’s oil exports exceeded $9.3 billion, which is 23 percent or $2.144 billion more than in 9M2020.
It is noted that the trade turnover between Azerbaijan and India in the specified period exceeded $610 million, which is 20 percent, or more than $100 million more than in 9M2020.
Azerbaijan's foreign trade turnover in 9M2021 increased by $4.571 billion, or 24.8 percent compared to the same period last year - from $18.403 billion to $22.974 billion.
In the structure of foreign trade turnover, exports accounted for $14.629 billion, which is $4.05 billion (38.2 percent) more than in 9M2020. The share of exports in foreign trade turnover amounted to 63.68 percent against 57.49 percent a year earlier.
Azerbaijan's imports in January-September increased on an annualized basis by $521 million, or 6.65 percent - from $7.823 billion to $8.344 billion. The share of imports in foreign trade turnover amounted to 36.32 percent against 42.51 percent in the nine months of 2020.
The foreign trade balance remained positive and grew on an annualized basis by 128 percent, or $3.528 billion - to $6.285 billion.