BAKU, Azerbaijan, September 12. Azerbaijan's balance of payments current account surplus amounted to $5.2 billion in the first half of 2023, said director of the Statistics Department of the Central Bank Samir Nasirov at a media briefing, Trend reports.
According to him, it is two times less than in the same period last year ($10.3 billion).
"The decline in oil and gas prices affected the current account surplus. The share of the current account in GDP amounted to 14.5 percent. The current account surplus in the oil and gas sector decreased by 34.5 percent year-on-year to $8.2 billion, while the deficit in the non-oil and gas sector increased by 37.8 percent to $3.1 billion," he said.
He also emphasized that in the first half of 2023, the volume of foreign trade turnover amounted to $22.8 billion; 13.5 percent of the volume of foreign trade turnover was accounted for by the CIS countries, and 86.5 percent by other countries.
In the structure of exports, which amounted to $15.2 billion (19.8 percent decrease), oil and gas exports amounted to $13.4 billion (23.3 percent decrease). At the same time, the direct export of oil amounted to $8 billion, gas to $5 billion, and oil products to $400 million.
Consumer goods accounted for $3.1 billion in the structure of imports, which amounted to $7.7 billion (up 30.4 percent). Imports of equipment and special goods to Azerbaijan in the reporting period amounted to $293 million (up 15.7 percent), or 3.8 percent of total imports.