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Trade balance surplus in Azerbaijan exceeds $4B

Finance Materials 15 November 2019 14:35 (UTC +04:00)
Trade balance surplus in Azerbaijan exceeds $4B

BAKU, Azerbaijan, Nov. 15

By Eldar Janashvili - Trend:

From January through September 2019, legal entities and individuals in Azerbaijan conducted trade operations with partners from 186 countries, Trend reports Nov. 15 referring to Azerbaijan’s State Statistics Committee.

In particular, products were exported to 113 countries and goods from 177 countries were imported.

Azerbaijan’s foreign trade turnover from January through September 2019 amounted to $24.8 billion (taking into account the statistical value of crude oil and natural gas exported by the customs authorities, but the customs clearance of which wasn’t fully completed), including exports worth $14.4 billion and imports worth $10.3 billion. As a result, the trade surplus was slightly over $4 billion.

Compared to the period from January through September 2018, foreign trade turnover in terms of actual prices increased by 7.2 percent, in real terms - by 1.4 percent, including import - by 3.4 percent and export - by 0.3 percent.

During this period, non-oil products worth $1.4 billion were exported from Azerbaijan, which is 17.1 percent more in terms of actual prices than in the same period last year, and by 12.1 percent more in real terms.

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