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Trade turnover between Kazakhstan, Azerbaijan significantly increases in 2M2024

Kazakhstan Materials 15 April 2024 15:50 (UTC +04:00)
Madina Usmanova
Madina Usmanova
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ASTANA, Kazakhstan, April 15. The volume of trade turnover between Kazakhstan and Azerbaijan amounted to $134.2 million from January through February 2024, Trend reports.

Data from the country's Bureau of National Statistics shows that this is 78 percent more than in the same period in 2023.

Exports to Azerbaijan dominated trade turnover, at $127.8 million, or 110 percent more than in January-February 2023.

Furthermore, imports from Azerbaijan fell by 5.5 percent during the aforementioned period, totaling $6.5 million. From January to February 2023, imports totaled $14.6 million.

Meanwhile, economic turnover between Kazakhstan and Azerbaijan reached $529.4 million in 2023. The volume of trade turnover increased by 14.2 percent from the same time in 2022 ($463.3 million).

At the same time, in terms of trade turnover, exports to Azerbaijan totaled $456.3 million over the aforementioned period, which is 21.6 percent higher than from January to December 2022.

In addition, imports from Azerbaijan from January through December 2023 decreased by 17.3 percent and amounted to $73 million. In 2022, imports amounted to $88.3 million.

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