Foreign trade (January-July 2010)

In January-July 2010, Azerbaijan's foreign trade turnover with 135 countries comprised $155161.2 million. The amount of export increased by 68.04% as compared to last year and comprised $12008.5mln, while import increased 6.61%, totaling $3507.7mln. Azerbaijan exported 1,737 types of goods and imported 5,385. During the reported period, the indicator of export exceeded the indicator of import and thus, the black ink of import-export operations amounted to $8500.8mln. 

In January-July 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 July 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 July 2010, Azerbaijan did not resume export of cotton completely stopped in June.

Structure of export in January-July 2010

Product

Percentage in export (%)

As compared to 2009, in %

Crude oil

85,93

181,34

Oil products

6,14

82,97

Aluminum

0,01

15,44

Fruits and vegetables

0,48

77,62

Ferrous metal and wares of them

0,51

146,34

Chemical products 

0,25

246,52

Cotton

0,02

36,80

Alcohol and alcohol free drinks

0,07

164,49

Tobacco and tobacco products

0,03

113,24

Others

5,54

Source: State Statistics Committee

In this period the highest amount of export fell on Italy. Thus, in 2010 Azerbaijan exported commodities to Italy totaling $4093.9mln which makes up 34.09% of total exports. Mainly oil and oil products are exported to this country. Italy is followed by Israel ($1145.1mln) and France ($1004.7mln). 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 $11319.7mln (94.26%), private sector held $635.6mln (5.43%). The share of export operations by physical entities comprised $53.2mln (0.45%).   

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

Products

January-July 2010

Compared to January-July 2009, in %

Quantity

Price

(ths. USD)

Quantity

Tea, ton

4250,5

17066,8

133,6

Vegetable and animal oil, ton

49648,6

122091,6

162,3

Tobacco, ton

1236,8

2874,7

114,8

Cigarettes, mln units

89,1

715,7

65,9

Crude oil, ton

18081527,1

10318709,8

Oil products, ton

1321445,8

737660,2

Alcohol drinks, liter

5077995,8

8287,8

144,8

Aluminium, ton

2501,5

1735,3

20,6

Ferrous metal, ton

96430,7

42547,9

392,3

Row cotton, ton

1846,9

2245,4

28,1

 

Source: State Customs Committee

In import of goods in January-July 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-July 2010

Product

Percentage in exports (%)

As compared to 2009, in%

Machine and equipment

25,67

83,82

Ferrous metal and wares of them

13,15

161,75

Foodstuffs

14,68

123,80

Consumer goods

0,72

116,93

Transport conveyances and spare parts to it

13,41

102,49

Furniture

0,79

120,20

Forest products

2,41

206,44

Pharmaceutical products

2,33

94,97

Other

26,83

Source: State Statistics Committee

The traditional domination of three countries in import seems to be as: Russia ($590.1mln), Turkey ($396.5mln) and China ($307.9mln).  

Some 27.21% of import operations, or $954.3mln fell on public sector, 67.68% or $2373.9mln - private sector, while 5.11% or $179.4mln - on physical entities.

Main types of products imported into Azerbaijan
January-July 2010

Products

January-July 2010

Compared to January-July 2009, in %

Quantity

Price

(ths. USD)

Quantity

Meat, ton

11516,5

10660,6

102,0

Flour, ton

2418,1

713,6

8,3

Butter, ton, including

74352,0

74472,1

112,8

Vegetable oil, ton

66873,0

55964,9

Butter, ton

7479,0

18507,2

Tea, ton

5096,3

10898,6

111,7

Grain, ton

647146,7

131143,8

103,8

Sugar, ton

188083,0

96637,0

115,1

Alcohol drinks, liter

3327700,5

5701,4

68,7

Tobacco, ton

946,8

3217,5

72,3

Cigarettes, mln units

6151661,1

120209,0

102,8

Ferrous metal, ton

246401,8

119776,1

95,6

Oil products, ton

23630,1

33264,9

Cars, units  

14782

133346,5

95,3

 

Source: State Customs Committee

In total, 5,604 legal entities (3,000) and physical entities (2,604) participated in the foreign trade operations.

In January-July 2010, Azerbaijan imported goods amounting to $1101.1mln (31.39% out of the total volume of the country's import) from the CIS countries. CIS exported to Azerbaijan grains (12.90%), ferrous metal (11.31%), equipment and mechanical rigs (10.37%).  

Amount of the Azerbaijani goods exported to CIS countries totaled $1135.2mln (9.45% out of the total volume of the country's export). Azerbaijan exported to CIS fuel, oil products, bitumen minerals (53.44%), vegetables (3.18%), animal and vegetable oil (10.25%) and other.

The black ink in import-export operations with CIS countries totaled $34.2mln.

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