Foreign trade (January-September 2010)

In January-September 2010, Azerbaijan's foreign trade turnover with 140 countries comprised $20212.2 million. The amount of export increased by 56.78% as compared to last year and comprised $15667.9mln, while import increased 3.81%, totaling $4544.3mln. Azerbaijan exported 1,907 types of goods and imported 5,673. During the reported period, the indicator of export exceeded the indicator of import and thus, the black ink of import-export operations amounted to $11123.6mln. 

In January-September 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 September 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 September, exports of cotton was resumed after a three-month interruption - in August, July and June, exports of these products were not carried out. In January-September, 1,950.5 tons of cotton were exported, accounting for 0.01% of total exports In January-September, the average cotton export price was $1,180.42 per ton.

Structure of export in January-September 2010

Source: State Statistics Committee

In this period the highest amount of export fell on Italy. Thus, in 2010 Azerbaijan exported commodities to Italy totaling $4992.4mln which makes up 31.86% of total exports. Mainly oil and oil products are exported to this country. Italy is followed by France ($1568.8mln) and Israel ($1376.4mln). 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 $14844.9mln (94.75%), private sector held $760.7mln (4.85%). The share of export operations by physical entities comprised $62.3mln (0.40%).   

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

Source: State Customs Committee

In import of goods in January-September 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-September 2010

Source: State Statistics Committee

The traditional domination of three countries in import seems to be as: Russia ($776.5mln), Turkey ($522.3mln) and China ($380.5mln).  

Some 26.60% of import operations, or $1208.9mln fell on public sector, 68.21% or $3099.5mln - private sector, while 5.19% or $235.8mln - on physical entities.

Main types of products imported into Azerbaijan
January-September 2010

Source: State Customs Committee

In total, 6,468 legal entities (3,279) and physical entities (3,189) participated in the foreign trade operations.

In January-September 2010, Azerbaijan imported goods amounting to $1423.6mln (31.33% out of the total volume of the country's import) from the CIS countries. CIS exported to Azerbaijan grains (14.08%), ferrous metal (10.59%), equipment and mechanical rigs (10.48%).  

Amount of the Azerbaijani goods exported to CIS countries totaled $1417.2mln (9.05% out of the total volume of the country's export). Azerbaijan exported to CIS fuel, oil products, bitumen minerals (57.07%), vegetables (2.58%), animal and vegetable oil (9.27%) and other.

The black ink in import-export operations with CIS countries totaled $6406.4mln.