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Iran-Azerbaijan trade plunges

Business Materials 13 August 2015 17:48 (UTC +04:00)

Baku, Azerbaijan, Aug. 13

By Fatih Karimov - Trend:

Iran's export to Azerbaijan during the first half of 2015 decreased 55.36 percent to $42.52 million year-to-year.

Azerbaijan's export to Iran also decreased 67.11 percent to $11.16 million during the mentioned period, according to the Azerbaijani State Statistics Committee.

Iran shares 0.19 percent of Azerbaijan's total export and 0.9 percent of total export in 1H2015.

Azerbaijan's foreign trade turnover with 138 world countries amounted to $10.9 billion in January-June 2015, or 28.94 percent less than in January-June 2014.

The volume of exports decreased by 44.59 percent and amounted to $6.23 billion compared to January-June 2014. The volume of import increased by 13.64 percent and amounted to $4.69 billion.

Edited by CN

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