Foreign trade of Azerbaijan (January-April 2011)

In January-April 2011, Azerbaijan's foreign trade turnover with 127 countries comprised $10.721 billion or an increase of 35.84 percent compared to January-April 2010. The amount of export increased by 30.59% as compared to last year and comprised $8.004bln, while import increased 54.12%, totaling $2.717bln. Azerbaijan exported 1,175 types of goods and imported 4,758. During the reported period, the indicator of export exceeded the indicator of import and thus, the black ink of import-export operations amounted to $5.287bln.

Like previous years, the main item of Azerbaijan's export was oil and oil products.

Exports of crude oil and petroleum products, natural gas and electricity in January-April 2011

Products

Quantity

Cost , ths USD

Crude oil (indicators of counter)

13373948,7 тонн

-

Including

- via ВТС

10945621,8 тонн

-

- Baku-Supsa

1332665,3 тонн

-

- Baku-Novorossiysk

708300,0 тонн

-

- via railway

387361,6 тонн

-

Crude oil (according to customs declarations)

9192457,2 тонн

6834978,98

Oil products

606649,3 тонн

458129,46

Natural gas (according to indicators of counter)

3173191,4 тыс куб м

-

Natural gas (according to customs declarations)

1607867,1 тыс куб м

257309,21

Electricity (according to indicators of counter)

305509,5 тыс кВт/с

-

Electricity (according to customs declarations)

211606,8 тыс кВт/с

9116,62

Source: State Statistics Committee

Most of the exports of Azerbaijan or 85.39 percent in the four months accounted for the export of crude oil. In January-April was exported crude oil worth $6.835 billion, exceeding the figure for the same period last year by 28.77 percent.

During the reporting period, oil products were exported in amount of $458.129 million (a decrease for the year at 9.28 percent), accounting for 5.72 percent of total exports.

Main products exported from Azerbaijan

Names

January-April 2011

Compared to January-April 2010, in %

Share in export , in %

Cost

(mln dollars)

Vegetables and fruits

0,33

20,4

140,88

Vegetable and animal oil

0,93

74,703

113,83

Tobacco and tobacco products

0,05

3,1

218,25

Alcoholic drinks

0,05

3,7

70,50

Aluminium and wares from it

0,02

1,015

127,59

Ferrous materials , ton

0,73

58,07

100,20

Cotton

0,05

3,770

180,83

Chemical products

0,30

23,825

134,88

Source: State Customs Committee

In this period the highest amount of export fell on Italy. Thus, during the reported period Azerbaijan exported commodities to Italy totaling $2.814bln which makes up 17.51% of total exports. Mainly oil and oil products are exported to this country. Italy is followed by France ($1.235bln) and USA ($0.561bln). 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 largest volume of export in January-April 2011 accounted for the Far East. In January-April 2011, this indicator totaled $ 6.859.3 b illion. Azerbaijan exported goods amounting to $ 1.145.1b ln (15.31% out of the total volume of the country's export) to the CIS countries. Azerbaijan exported to CIS fuel, oil products, bitumen minerals, fruits, animal and vegetable oil and other.

The traditional domination of three countries in import seems to be as: Russia ($ 488.5 mln), Turkey ($ 323.5 mln) and Germany ($ 278.1 mln).

Most of Azerbaijan's imports or 29.65 percent in the first three months accounted for the imports of machines, equipment, electric vehicles and their spare parts. In January-April, the machinery and equipment import amounted to $805.54 million, exceeding the figure for in the same period of the last year by 67 percent.

Main products imported to Azerbaijan

Products

January-April 2011

Compared to January-April 2010, in %

Share in import , %

Cost

( mln . USD )

Meat

0,25

6,906

128,63

Flour

0,85

23,069

7,421

Butter

1,76

47,8

106,98

Milk

0,11

2,9

126,09

Grain

4,38

118,9

163,82

Sugar and sugar beet

1,81

49,2

104,27

Transport means and spare parts

18,21

494,8

242,2

Wood and wares from it

2,90

78,8

166,8

Consumer goods

0,60

16,194

118,66

Ferrous metals, ton

12,58

341,7

191,84

Furniture

0,60

16,331

123,60

Pharmaceutical products

1,69

45,936

115,56

According to the State Customs Committee, Azerbaijan's foreign trade turnover with CIS countries in January-April amounted to $1.978.5 billion or 18.45 percent of total foreign trade turnover compared to 14.47 percent in 2010, 16.15 percent in 2009 and 7.21 percent in 2008.

Exports to CIS countries for the period totaled $1.145.15 billion (14.31 percent of total exports) and imports - $833.5 million (30.67 percent of total imports). Thus, the black ink of import-export operations with CIS countries amounted to $311.7mln.

The share of public sector in exports made up $ 7.662 bln (95.7%), private sector held $ 0.322 bln (4.02%). The share of export operations by physical entities comprised $ 20.235 mln (0.25%).

In the import operations, 38.95 percent or $ 1.058 billion accounted for the public sector, 56.34 percent or $1.53 billion - private and 4.7 percent or $ 122.895 million - the share of individuals.

In total, 4,178 legal entities ( 2,495 ) and physical entities ( 1,638 ) participated in the foreign trade operations.

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