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Azerbaijan records multiple growth of its exports to Moldova

Finance Materials 16 August 2020 20:19 (UTC +04:00)
Azerbaijan records multiple growth of its exports to Moldova

BAKU, Azerbaijan, Aug.16

By Nargiz Ismayilova – Trend:

The export of Azerbaijani products to Moldova rose 11.8 times from January through July 2020 compared to the same period of 2019, Trend reports citing the statistical bulletin of the State Customs Committee (SCC) of Azerbaijan.

According to the SCC, the value of export of Azerbaijani products to Moldova in the reporting period made up $3.4 million, while a year earlier this figure was $288,000. The share of Moldova in the total export of Azerbaijan increased to 0.04 percent of the total export.

In the first seven months of this year, foreign trade operations between Azerbaijan and Moldova surpassed $5.4 million, having risen 1.9 times over the year.

Reportedly, the amount of import of Moldavian products to Azerbaijan dropped by 28 percent, amounting to $2 million. Moldova’s share in the total import of Azerbaijan did not change.

The foreign trade balance of the two countries for the specified period was positive and amounted to over $1.4 million.

The SCC added that Azerbaijan's foreign trade turnover amounted to $9.1 billion from January through July 2020.

(1 USD = 1.7 manat on Aug.16)

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Follow the author on Twitter: @IsmailovaNargis

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