Foreign trade (January-June 2010)

In January-June 2010, Azerbaijan's foreign trade turnover with 130 countries comprised $13147.0 million. The amount of export increased by 76.17% as compared to last year and comprised $10245.4mln, while import increased 5.23%, totaling $2901.6mln. Azerbaijan exported 1,639 types of goods and imported 5,164. During the reported period, the indicator of export exceeded the indicator of import and thus, the black ink of import-export operations amounted to $7343.7mln. 

In January-June 2010, the highest level of export fell on June - $2068.4mln and the lowest on March - $1287.9mln. As to import operations the highest level of import was observed in May ($640.5mln) and the lowest in February ($345.3mln).

In January to June 2010, increase was recorded in all types of exported products of the country, except vegetable, fruits and aluminum. However, the decrease in exports of aluminum is not associated with a reduction in the production of aluminum in the country, but vice-versa, the production of this product has grown and will grow each year thanks to a loan from the Central Bank of Azerbaijan for development of aluminum industry. Aluminium has a high export potential and reduction resulted from the fact that during the global crisis, the purchasing capacity in importing countries has decreased. And the decrease in the export of vegetables and fruits is seasonal.

In June 2010, Azerbaijan completely stopped the export of cotton. The cotton export in January-June amounted to 0.02 percent of total exports of the country.

Structure of export in January-June 2010

Product

Percentage in export (%)

As compared to 2009, in %

Crude oil

85,77

188,79

Oil products

6,05

91,19

Aluminum

0,01

13,16

Fruits and vegetables

0,52

82,62

Ferrous metal and wares of them

0,53

169,75

Chemical products 

0,26

279,25

Cotton

0,02

73,56

Alcohol and alcohol free drinks

0,07

155,29

Tobacco and tobacco products

0,03

102,56

Others

5,69

Source: State Statistics Committee

In this period the highest amount of export fell on Italy. Thus, in 2010 Azerbaijan exported commodities to Italy totaling $3445.6mln which makes up 33.63% of total exports. Mainly oil and oil products are exported to this country. Italy is followed by Israel ($974.7mln) and France ($913.6mln). Italy has maintained its leading position since 2008 excluding early three months. Turkey took a lead in January and U.S. in February and March 2008. 

The share of public sector in exports made up $9639.0mln (94.08%), private sector held $556.7mln (5.43%). The share of export operations by physical entities comprised $49.6mln (0.48%). 

Main types of products exported from Azerbaijan,
January-June 2010

Products

January-June 2010

Compared to January-June 2009, in %

Quantity

Price

(ths. USD)

Quantity

Tea, ton

3749,1

15384,8

136,0

Vegetable and animal oil, ton

43235,4

107015,6

157,8

Tobacco, ton

940,7

2178,2

110,3

Cigarettes, mln units

67090,0

535,3

49,7

Crude oil, ton

15305353,4

8787770,2

Oil products, ton

1090902,8

619611,7

Alcohol drinks, liter

3898385,5

7024,1

122,3

Aluminium, ton

2079,5

1477,8

17,2

Ferrous metal, ton

83347,6

37021,5

385,5

Row cotton, ton

1846,9

2245,4

55,9

Source: State Customs Committee

In import of goods in January-June 2010, the greatest growth was observed in imported consumer goods, timber, foodstuffs, furniture, and the lowest - in machinery and equipment and pharmaceutical products.

Structure of import in January-June 2010

Product

Percentage in exports (%)

As compared to 2009, in%

Machine and equipment

25,23

78,57

Ferrous metal and wares of them

13,21

160,54

Foodstuffs

15,38

121,81

Consumer goods

0,76

119,62

Transport conveyances and spare parts to it

13,89

114,79

Furniture

0,78

139,26

Forest products

2,43

240,12

Pharmaceutical products

2,30

91,16

Other

26,01

Source: State Statistics Committee

The traditional domination of three countries in import seems to be as: Russia ($488.2mln), Turkey ($321.5mln) and China ($244.1 million).  

Some 27.41% of import operations, or $795.4mln fell on public sector, 67.4% or $1955.6mln - private sector, while 5.19% or $150.6mln - on physical entities.

Main types of products imported into Azerbaijan
January-June 2010

Products

January-June 2010

Compared to January-June 2009, in %

Quantity

Price

(ths. USD)

Quantity

Meat, ton

10022,0

9310,5

95,4

Flour, ton

1867,7

585,9

6,7

Butter, ton, including

64936,7

65245,8

121,9

Vegetable oil, ton

58233,1

48744,0

Butter, ton

6703,6

16501,8

Tea, ton

4517,2

9685,1

111,3

Grain, ton

570518,1

115814,8

96,2

Sugar, ton

156743,3

80646,0

111,6

Alcohol drinks, liter

2804071,8

4436,3

78,8

Tobacco, ton

715,3

2697,1

65,8

Cigarettes, mln units

4957278,3

97257,3

104,8

Ferrous metal, ton

189731,1

90309,2

93,0

Oil products, ton

18562,7

24614,7

Cars, units  

11979

108307,9

95,8

 

Source: State Statistics Committee

 

In total, 5,112 legal entities (2,835) and physical entities (2,277) participated in the foreign trade operations.

In January-June 2010, Azerbaijan imported goods amounting to $927.3mln (31.96% out of the total volume of the country's import) from the CIS countries. CIS exported to Azerbaijan grains (13.48%), ferrous metal (7.06%), equipment and mechanical rigs (10.84%).  

Amount of the Azerbaijani goods exported to CIS countries totaled $10044.5mln (9.80% out of the total volume of the country's export). Azerbaijan exported to CIS fuel, oil products, bitumen minerals (52.45%), vegetables (3.48%), animal and vegetable oil (10,21%) and other.

The black ink in import-export operations with CIS countries totaled $77.2mln.

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