BAKU, Azerbaijan, May 20. Azerbaijan exported about 4.3 million tons of oil to Italy from January through April 2022, which is 46.1 percent of the total Azerbaijani export of raw materials, Azerbaijan’s State Customs Committee told Trend.
According to the committee, in value terms, Azerbaijani oil exports to Italy amounted to about $3.04 billion in the reporting period.
Azerbaijan totally exported over 9.4 million tons of oil from January through April 2022, which is 11.7 percent or about 1.2 million tons less than the same period last year.
Oil exports, in value terms, exceeded $6.5 billion, which is 50.3 percent or $2.1 billion more than from January through April 2021.
The trade turnover between Azerbaijan and Italy amounted to over $5.9 billion in this period, which is 2.3 times or $3.4 billion more than from January through April 2021.
Azerbaijan's foreign trade turnover totally increased by 60.3 percent or $5.97 billion from January through April 2022 compared to the same period last year - from $9.8 billion to $15.8 billion.
Share of exports in foreign trade turnover accounted for $11.8 billion, which is $5.4 billion (85.7 percent) more than from January through April 2021.
The share of exports in foreign trade turnover amounted to 74.5 percent against 64.3 percent a year earlier.
Azerbaijan's import increased by $511.6 million (or 14.5 percent) in the reporting period (from $3.5 billion to $4.04 billion).
The share of imports in foreign trade turnover amounted to 25.4 percent against 35.6 percent a year earlier.