Foreign trade of azerbaijan

In January-August 2010, Azerbaijan's foreign trade turnover with 139 countries comprised $17971.4 million. The amount of export increased by 62.46% as compared to last year and comprised $13948.8mln, while import increased 4.11%, totaling $4022.5mln. Azerbaijan exported 1,822 types of goods and imported 5,533. During the reported period, the indicator of export exceeded the indicator of import and thus, the black ink of import-export operations amounted to $9926.3mln.

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

Structure of export in January-August 2010

Product Percentage in export (%) As compared to 2009, in %
Crude oil 86,41 176,11
Oil products 6,05 76,93
Aluminum 0,01 16,31
Fruits and vegetables 0,43 77,34
Ferrous metal and wares of them 0,55 154,39
Chemical products 0,23 214,34
Cotton 0,02 21,98
Alcohol and alcohol free drinks 0,07 153,36
Tobacco and tobacco products 0,03 105,37
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 $4605.1mln which makes up 33.01% of total exports. Mainly oil and oil products are exported to this country. Italy is followed by Israel ($1331.3mln) and USA ($1284.7mln). 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 $13192.2mln (94.58%), private sector held $699.8mln (5.02%). The share of export operations by physical entities comprised $56.7mln (0.41%).

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

Products January-August 2010 Compared to January- August 2009, in %
Quantity Price
(ths. USD) Quantity
Tea, ton 4873,5 18929,6 132,8
Vegetable and animal oil, ton 56473,3 138405,7 172,0
Tobacco, ton 1276,8 3046,3 102,7
Cigarettes, mln units 89,1 715,7 63,6
Crude oil, ton 21153276,0 12053357,1
Oil products, ton 1469142,5 814034,8
Alcohol drinks, liter 6056007,2 9345,1 135,0
Aluminium, ton 2695,7 1847,0 22,0
Ferrous metal, ton 112748,9 52335,8 422,0
Row cotton, ton 1866,6 2248,9 17,5
Source: State Customs Committee

In import of goods in January-August 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-August 2010

Product Percentage in exports (%) As compared to 2009, in%
Machine and equipment 25,90 77,54
Ferrous metal and wares of them 12,89 155,58
Foodstuffs 14,26 124,78
Consumer goods 0,74 113,72
Transport conveyances and spare parts to it 13,16 99,92
Furniture 0,81 125,15
Forest products 2,45 206,14
Pharmaceutical products 2,30 95,30
Other 27,48
Source: State Statistics Committee

The traditional domination of three countries in import seems to be as: Russia ($695.1mln), Turkey ($460.9mln) and China ($346.8mln).

Some 26.60% of import operations, or $1071.8mln fell on public sector, 68.21% or $2743.7mln - private sector, while 5.15% or $207.0mln - on physical entities.

Main types of products imported into Azerbaijan
January-August 2010

Products January-August 2010 Compared to January-August 2009, in %
Quantity Price
(ths. USD) Quantity
Meat, ton 12541,5 11744,5 101,7
Flour, ton 3478,7 983,3 11,5
Butter, ton, including. 80613,4 80820,0 114,6
Vegetable oil, ton 72308,6 60580,4
Butter, ton 8304,8 20239,6
Tea, ton 5715,1 12203,8 112,0
Grain, ton 699605,4 140643,0 108,5
Sugar, ton 219522,7 112814,0 104,7
Alcohol drinks, liter 3834268,9 6346,3 71,6
Tobacco, ton 1271,2 4078,6 78,2
Cigarettes, mln units 7212496,8 141600,7 100,4
Ferrous metal, ton 280205,8 140813,0 88,2
Oil products, ton 28086,8 41742,5
Cars, units 17762 164228,2 96,4

Source: State Customs Committee

In total, 6,072 legal entities (3,149) and physical entities (2,923) participated in the foreign trade operations.

In January-August 2010, Azerbaijan imported goods amounting to $1252.3mln (31.13% out of the total volume of the country's import) from the CIS countries. CIS exported to Azerbaijan grains (12.30%), ferrous metal (7.31%), equipment and mechanical rigs (10.68%).

Amount of the Azerbaijani goods exported to CIS countries totaled $1303.7mln (9.35% out of the total volume of the country's export). Azerbaijan exported to CIS fuel, oil products, bitumen minerals (56.09%), vegetables (2.78%), animal and vegetable oil (10.07%) and other.

The black ink in import-export operations with CIS countries totaled $51.4mln.

Iran's FM and President to make speech at the UN
Iran's FM and President to make speech at the UN
Iran's Zarif says world should oppose U.S. sanctions or expect same
Iran's Zarif says world should oppose U.S. sanctions or expect same
Trump plans executive order to punish arms trade with Iran
Trump plans executive order to punish arms trade with Iran
Loading Bars
Latest
Apple harvest started in several regions of Turkmenistan
Uzbekistan, India enhance cooperation in nuclear energy field
In Tel Aviv COVID-19 ward, warnings of dwindling hospital capacity
Fruits and vegetables export in Uzbekistan decrease
German economy to shrink by 5.2% this year, grow by 5.1% next year
Azerbaijan's imports of French products declines
Iran's Tehran Oil Refining Company to expand gasoline production
Network of greenhouses expanding in Turkmenistan’s Dashoguz region
Peach export in Uzbekistan up
Azerbaijani oil prices show decline
Ukraine's imports of electrical goods from Turkey surges
Turkmenistan developing digitalization in trade system
Georgia reports 218 new cases of COVID-19
Second unit of Qeshm TPP connected to Iran's electricity network
FM: Turkey always next to Azerbaijan in its just struggle
EBRD to assess investment requirements in Georgia
India's new coronavirus infections at lowest in almost a month
Azerbaijani currency rates for September 22
Iranian currency rates for September 22
Turkmenistan, Afghanistan discuss construction of Akina-Andkhoy, Turgundi-Herat railways
UNEC brand is recognized in 10 countries
Turkey's President: Connivance towards Armenian attacks on Azerbaijani lands - real example of hypocrisy in world
Production of chemical, petrochemical products in Iran spikes
Weekly review of Georgian capital markets (Sept.14 - Sept.18)
COVID-19 to impact oil & gas deals’ activities in short-term
Turkish export of cars to France spikes
Iran boosts manufacturing of several industrial products
Turkmenistan, Uzbekistan put forward number of proposals for expanding co-op
Uzbekistan reveals its COVID-19 data for September 22
Global diesel market to remain oversupplied deep into 2020s
Armenia violates ceasefire with Azerbaijan 33 times
Azerbaijan's AzInTelecom improving cloud technologies (PHOTO)
Intel gets U.S. licence to supply some products to Huawei
5G technology to improve four areas in oil and gas industry
Georgian MP: Armed attack on Azerbaijan to have catastrophic consequences for Armenia
Iran is expected to increase oil production
Turkey records 1,743 new COVID-19 cases, 1,202 recoveries
Salome Zurabishvili addressed world leaders at UN high-level meeting
Iran, Qatar urge enhancing bilateral ties
Int'l Road Transport Union supports transport infrastructure digitalization in Uzbekistan
67 COVID-19 infections reported in Kazakhstan over past day
Mexico surpasses 700,000 confirmed COVID-19 cases
Fifteen more coronavirus patients die in Moscow in past day
Huawei plans more cuts to jobs, investment in Australia
Trump to 'cut off' TikTok if deal cannot be saved
Tunisian PM decides to step up security campaigns to combat COVID-19
EU adopts new rules for state aid to reduce carbon emissions
Kazakhstan doubles crude oil exports to Croatia, Lithuania in 1H2020
Turkey sets global example with online therapy sessions to combat COVID-19 woes
Azerbaijani president: We launched broad political dialogue initiative several months ago
Tajikistan, Uzbekistan eye to increase freight traffic between two countries
President Ilham Aliyev: Azerbaijan’s economy developed rapidly, and its GDP tripled in last 17 years
FM Zarif due in Moscow soon
Azerbaijani president: Policy of "Azerbaijanophobia" prevailing in Armenia, hatred against Azerbaijani people instilled in young generation
Azerbaijani president: Armenia deliberately targets civilian population, perpetrates provocations along Line of Contact and Armenia-Azerbaijan border
Azerbaijani president: Development of democracy and human rights protection among top priorities of our government
President Ilham Aliyev: Azerbaijan plays important role in promotion of dialogue of cultures
President Ilham Aliyev: Thanks to undertaken measures, situation with COVID-19 remained under control in Azerbaijan
Azerbaijani president: Aggressive rhetoric and provocations of Armenia show that Armenia is preparing for new aggression against Azerbaijan
President Ilham Aliyev: Glorification of Nazism is state policy in Armenia
President Ilham Aliyev: Prime Minister of Armenia deliberately undermines format and substance of negotiation process
Azerbaijani president: Ongoing COVID-19 pandemic has demonstrated once again significance of multilateralism
Azerbaijani president: Role of UN in global economic governance should be strengthened
Brazil's COVID-19 death toll reaches 136,895
Georgia decreases import of cement from Azerbaijan
Azerbaijani president: Armenian PM deliberately undermines format and substance of negotiation process
Greece reports 453 new coronavirus infections, new daily record
Uzbekistan boosts gold share in total export
Ukraine's Ukrtransnafta sends out offers for selling Azerbaijani oil
Turkey’s Travel Agencies Union, Istanbul Chamber of Commerce join forces for tourism
Azerbaijani president: Today more than ever the world today needs respect for international law
President: Armenia’s aggressive rhetoric, provocations show that it is preparing for new aggression against Azerbaijan
President Aliyev: Thanks to undertaken measures, situation with COVID-19 remains under control
Azerbaijani president: Development of democracy, human rights protection - among top gov't priorities
Iran's oil, gas fields under research studies by local universities
Restoration of Albanian Church, rights of Udi people – Azerbaijan’s contribution to dev't of world civilization
Azerbaijani president, NAM chairman makes speech at high-level meeting to mark 75th anniversary of United Nations in video format (PHOTO)
Kazakhstan’s Trade House to open in Azerbaijan
More people in Iran applying for national housing plan
Fuel smuggling from Iran to Afghanistan down
IMF: Banking system of Georgia enters COVID-19 shock well-capitalized
Georgia reduces gas import from Azerbaijan
Azerbaijani, Moldovan FMs exchange views on issues on bilateral co-op agenda over phone
Regular flights between Georgia and Greece to be resumed
Iran's Chabahar Port receives cargo ships from India, UAE
Bibi Heybat to become new tourist destination in Baku (PHOTO)
Georgia decreases imports of oil, petroleum oils from Azerbaijan
Azerbaijan confirms 81 more COVID-19 recoveries
Iranian Energy Exchange announces products to be on sale September 22
Iran’s Bahar Azadi gold coin price starts to fall
Measures to improve investment climate mulled over in Azerbaijan
Iran declares amount of euros returned to country's economy by exporters
Revenue from maritime cargo transportation surges in Kazakhstan
Azerbaijan increases import of beer from Georgia
Motor fuel production down in Uzbekistan
Kazakhstan's Air Astana opens tender for power networks laying
Speaker of Azerbaijan’s Parliament arrives in Russia (PHOTO)
Joint industrial park between Azerbaijan and Iran to contribute to development of region
Gold ores output decreases in Kazakhstan
Turkmenistan increases export of men's textile clothing to EAEU countries
All news