Azerbaijan's export share in trade with Croatia spikes over seven months
BAKU, Azerbaijan, Aug.26
By Nargiz Ismayilova – Trend:
The foreign trade operations between Azerbaijan and Croatia amounted to $338.6 million in the first seven months of 2020 (up 2.47 times compared to the same period of last year), Trend reports referring to the statistics bulletin of the Azerbaijani State Customs Committee.
According to the committee, over the reporting period, the export of the Azerbaijani products to Croatia made up $337.6 million against $134.9 million from January through July 2019. Thus, Croatia boosted the volume of product imports from Azerbaijan by 2.5 times year-on-year, and Croatia’s share in Azerbaijan’s total export volume grew from 1.1 percent to 3.7 percent.
Meanwhile, the import of products from Croatia to Azerbaijan lowered from $1.7 million to $1.09 million. Croatia’s share in Azerbaijan’s total import volume remained at 1.75 percent level in the first 7 months of 2020.
The export-import ratio in the foreign trade relations between the two countries continued shifting to export of products from Azerbaijan. So, in the first 7 months of 2020 the ratio of exports and imports was 99.7 and 0.8 percent respectively against 98.75 and 1.25 percent in the same period of last year accordingly.
The share of exports of Azerbaijani products to Croatia in the total trade turnover of the two countries increased by 2.6 percent.
Thus, the foreign trade balance of the two countries for the reporting period remained positive and amounted to $336.5 million.
Azerbaijan's foreign trade turnover made up $15.03 billion from January through July this year, down 1.4 times compared to the same period of last year. The balance of foreign trade turnover year-on-year decreased by 1.1 times and remained positive, amounting to $3.2 billion.