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Azerbaijan's export volumes up in 1Q2020

Finance Materials 16 April 2020 15:42 (UTC +04:00)
Azerbaijan's export volumes up in 1Q2020

BAKU, Azerbaijan, April 16

By Eldar Janashvili - Trend:

Azerbaijan exported products worth $4.2 billion from January through March 2020, which is 6 percent more than in the same period of 2019, Trend reports referring to Azerbaijani State Customs Committee.

Over the month, the volume of export increased by 29.5 percent while the annual growth rate returned to the norm of 2019.

The share of public sector in the export amounted to $2.7 billion, which is about 63.4 percent of the total volume, private sector - $1.5 million or 36.4 percent of the total volume, and the remaining $8.1 million accounted for individuals.

In total, Azerbaijan exported 1,785 types and imported 6,274 types of goods, conducting trade operations with 153 countries.

From January through March 2020, Azerbaijan mainly exported oil and oil products, electricity, fruits and vegetables, as well as chemical products.

List of TOP-5 goods exported by Azerbaijan at total cost:

Goods

From January through March 2020

From January through March 2019

Quantity

Cost ($)

Quantity

Cost ($)

Crude oil, crude oil products, tons

7.6 billion

3.5 billion

7.7 billion

3.5 billion

Natural gas, 1,000 cubic meters

1.4 billion

161.9 million

2.9 billion

425.4 million

Fruits and vegetables, tons

84.6 million

113.2 million

98.9 million

103.4 million

Oil products obtained from bitumen and oil, besides raw materials; Products containing oil or oilproducts with a mass of 70 percent or more, tons

223.9 million

65.4 million

201.9 million

100.9 million

Plastic and plastic products, tons

58.9 million

46.4 million

53.6 million

48.3 million

($1= 1.7 manat on April 16)

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Follow the author on Twitter: @eldarjanashvili

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