ASTANA, Kazakhstan, September 28. Trade turnover between Kazakhstan and Azerbaijan amounted to $345.6 million based on the results of 7 months in 2023, Trend reports.
This was stated during a meeting between the Ambassador of Kazakhstan to Azerbaijan Alim Bayel and the Minister of Energy of Azerbaijan Parviz Shahbazov.
As was noted during the meeting, compared to the same period last year ($229.1 million), trade turnover increased by 50.8 percent.
Since the beginning of 2023, transportation along the Middle Corridor (TITR) has exceeded 1.7 million tons, an increase of 85.3 percent.
In addition, in 2023, the limit on mutual flights between Kazakhstan and Azerbaijan will be increased from 32 to 42 flights per week.
At the end of 2022, trade between Kazakhstan and Azerbaijan amounted to $461.9 million, which is 40 percent more than in 2021. At the same time, $375.3 million refers to exports to Azerbaijan (an increase of 30 percent), and the remaining 86.6 million dollars are imports of goods from Azerbaijan (an increase of 95 percent). This volume of trade turnover is a historical maximum in the trade and economic relations of the countries.