BAKU, Azerbaijan, September 18. Azerbaijan exported 1,470 tons of oil bitumen worth $375,740 from January through August 2023, Trend reports.
According to calculations based on the data of the State Customs Committee of Azerbaijan, this is 98.34 percent less in quantitative terms and 98.51 percent less in value terms year-on-year.
Moreover, Azerbaijan's foreign trade turnover increased by 1.12 percent, or $392.1 million, from January through August 2023 year-on-year, from $35.1 billion to $35.5 billion.
The data of the State Customs Committee of Azerbaijan shows that exports accounted for $24.3 billion in the structure of foreign trade turnover, which is $1.89 billion or 7.2 percent less over the past year. The share of exports in the foreign trade turnover amounted to 68.59 percent, compared to 74.74 percent a year earlier.
Azerbaijan's imports in the reporting period increased by $2.2 billion, or 25.73 percent, year-on-year from $8.8 billion to about $11.15 billion. The share of imports in the foreign trade turnover amounted to 31.41 percent, compared to 25.26 percent a year earlier.
As a result, the foreign trade balance, while remaining positive during the review period, declined year-on-year by over $4.1 billion, or 24.01 percent, to $13.2 billion from $17.3 billion in the 2022 review period.