Trade turnover between Azerbaijan and Russia has most diversified commodity nomenclature

The Azerbaijan-Russia trade turnover increased by 71.5 percent over the year and amounted to $ 1.455 billion in the first half of 2011, Russian trade representative in Azerbaijan Yuri Shedrin said last week.

Russian exports increased by 58.9 percent to $776.1 million, exports from Azerbaijan rose by 88.5 percent to $679.2 million.

"Our main goal is to overlap the record indicators of 2008, when trade amount reached $2.4 billion. Our assessment inspire confidence that this year we will be able to reach a new record and to approximate the amount of trade between the countries to $3 billion," said Shedrin.

Export of basic goods from Azerbaijan to the Russian Federation in 2008

Description of goods

2008

Number

Cost, thousand USD

1

Fish, tons

480.0

281.0

2

Flowers and plants , thousands of pieces

3150.0

409.5

3

Vegetables, including potatoes , tons

174704.8

61388.6

4

Fruits, tons

249918.5

142260.4

5

Tea, tons

4875.3

16522.1

6

Cotton fiber, tons

12752.2

13287.2

7

Vegetable oil , tons

20210.1

39406.9

8

Animal oils and fats , tons

30586.5

51212.6

9

Margarine, tons

13854.4

22645.1

10

Sugar, tons

112564.5

59659.2

11

Canned fruits and vegetables, tons

3092.2

2530.6

12

Fruit and vegetable juices , tons

26225.6

13129.6

13

Wine and brandy, thousands decaliters

218

5661,3

14

Other drinks with 100% alcohol, thousands decaliters

338.7

5911.6

15

Tobacco, tons

1278.3

1856.2

16

Electricity, kW / h

358.8

9186.0

17

Acyclic alcohols and their derivatives, tons

3676.2

3473.0

18

Drill pipes of ferrous metal, tons

13999.7

15825.2

19

Furniture made ​​ of wood , pieces

4507.0

885.4

20

Petroleum coke , tons

73739.4

4420.5

Import of basic goods from the Russian Federation to Azerbaijan in 2008

Description of goods

2008

Number

Cost, thousand USD

1

Cattle , number

1 261.0

178.7

2

Fish, tons

3580.9

1796.7

3

Dairy products, tons

5097,1

3957,6

4

Vegetables, including potatoes, tons

28033,3

1331,8

5

Cereals (wheat , maize, rice), tons

762155,8

194406,5

6

Wheat flour , tons

72723.7

32242.2

7

Vegetable oil, tons

4438.5

4216.3

8

Margarine, tons

3475.3

2716.5

9

Canned meat and fish, tons

4211,7

8112,8

10

Chocolate, tons

8161.9

9471.4

11

Bread and flour products, tons

8815.3

6797.7

12

Baby food, tons

492.1

3258.7

13

Canned fruit and vegetables and juices , tons

3276,1

3608,6

14

Mineral and aerated drinks , thousand decaliters

671.8

3754.9

15

Beer , thousand decaliters

225.4

1867

16

Vodka with 100 % alcohol, thousand decaliters

52.8

4993.4

17

Tobacco, tons

437.5

614.3

18

Cigarettes, million pieces

4785.4

81947.9

19

Iodized table salt , tons

2491.2

331

20

Mineral fertilizers, tons

82142.9

35996.1

21

Electricity, kW / h

167.1

6630

22

Medicines, tons

4081.6

8700.1

23

Soap, tons

2940.5

1140.4

24

Coal, tons

1504.3

121.6

25

Newsprint , tons

3947.5

2785.8

Export of investment goods to the Russian Federation in 2008

Description of goods

Number

Cost, thousand USD

1

Oil coke, tons

73739.4

4420.5

2

Acyclic alcohols and their derivatives , tons

3676.2

3473.0

3

Ethylene polymers in primary forms, tons

4140.4

5589.5

4

Drill pipes of ferrous metal , tons

13999.7

15825.2

Imports of investment and innovation goods from the Russian Federation in 2008

Description of goods

Number

Cost, thousand USD

1

Marble and travertine , tons

4200.8

804.4

2

Granite and other stones , ton

3067.5

914.5

3

Plaster , tons

236.8

92.4

4

Cement clinker, tons

30397

2985.9

5

Cement, tons

89942.8

4627.1

6

Sodium hydroxide , tons

39974.6

8849.3

7

Acyclic alcohols and their derivatives , tons

11837.8

6747.7

8

Ethylene polymers in primary forms, tons

3973.7

4654.2

9

Plastic pipes and hoses , tons

422.7

1197.1

10

Plastic plates , ribbons, tons

1248.1

1233.5

11

Plastic packaging, tons

299.1

1161.3

12

Rubber tires , thousands of pieces

212.8

5263

13

Timber , thousand cubic meters

738.7

37861.6

14

Wooden boards , cu. m

27550.7

2675.1

15

Plates of wood fiber , thousand . sq . m

5203.9

2809.7

16

Plywood , cu. m

74934.1

6784.3

17

Newsprint , tons

3947.5

2785.8

18

Brick and pottery , tons

1775.6

769.2

19

Ceramic plate , thousand . sq . m .

626.2

4878.8

20

Glass thousand . sq . m .

232.2

875.8

21

Solvents , tons

224.5

369.5

22

Hot rolled steel, tons

70763.6

9531

23

Cold rolled steel, tons

739.6

1629

24

Coated rolled steel , tons

14029.2

2569.8

25

Pipes and fittings of ferrous metal , tons

10026.1

5825.2

26

Channel bars and corners of ferrous metal , tons

18830.5

4973

27

Wires of ferrous metal, tons

873.7

148.2

28

Oil and gas pipes ​​ of ferrous metal , tons

10518.5

20552.1

29

Drill pipes of ferrous metal , tons

5686.5

8008.4

30

Other tubes and pipes of ferrous metal , tons

66145.5

48147.4

31

Pipe fittings of ferrous metal , tons

412.5

2669.3

32

Metal construction , tons

1584.8

2786.6

33

Stoves and equipment made ​​ of ferrous metal , pieces

3988

54.6

34

Liquid pumps and lifts , pieces

19003

17347.6

35

Refrigerators , pieces

2879

909.1

36

Bulldozers, excavators , pieces

143

13599.8

3 7

Washing machines , units

47206

5002.3

3 8

Cash registers , units

8520

1085.2

39

Electric motors, pieces

4571

2411.6

40

Transformers, pieces

807

993.3

41

Batteries , pieces

73629

1584.7

42

Insulated cables, tons

4231.4

8632.9

43

Rail locomotives and wagons , pieces

41

26784.1

44

Tractors , pieces

191

2003.7

45

Busses, pieces

143

1818.5

46

Trucks, pieces

6108

56679.2

47

Special purpose vehicles , pieces

239

18536.2

48

Topographic , geophysical equipment , pieces

1463

2410.9

49

Gas , water and electricity counters , pieces

79021

2086.7

50

Wooden furniture pieces

849

328.3

51

Coal, tons

1504.3

121.6

52

Lubricants, tons

8960.9

13974

53

Soap, tons

2940.5

1140.4

54

Synthetic detergents , tons

4821.6

3033.6

55

Chemicals for plant protection products , tons

121

148.8

56

Printing products , tons

669.1

3813.4

57

Cotton fabrics , thousand . sq. m

3453.6

322.4

58

Shoes, thousands of pairs

226

306.9

Source: The Azerbaijani State Statistics Committee

He said the volume of monthly growth in trade between the two countries once again confirms the possibility of reaching record levels. In the first half year, the Azerbaijani gas supply to Russia amounted to one billion cubic meters, which enables to bring this figure this year to the previously-approved 2 billion cubic meters, Shedrin said.

"Azerbaijan mainly exports fruits and vegetables, and wine and brandy products. The basis of Russian exports as before are products of machine building, metallurgy, food industry and wood," he said.

Based on the statistics of the State Committee, one can confirm that trade with Russia has one of the most diversified commodity nomenclature in Azerbaijan's foreign trade.

Food products , machinery, equipment, vehicles, metals and items thereof, wood, chemical products, pulp and paper products occupied a significant proportion in the structure of exports from Russia to Azerbaijan in 2010. Stavropol and Krasnodar are the main grain suppliers to Azerbaijan. Azerbaijan is also a leader among the CIS countries in terms of consumption of Russian confectionery. Azerbaijan imported the Russian confectionery and chocolate amounting to 17,000 tons at about $ 17 million in 2010. The Russian alcohol production - Russian vodka and cigarettes are in a great demand in the Azerbaijani domestic market. The volume of Russian cigarettes imported in Azerbaijan in 2010 totaled 6.3 billion pieces amounting at $ 121.2 million and vodka - 19,600 deciliters at $ 2 million.

One can name cement and cement clinkers among a wide range of investment goods imported from Russia to the Azerbaijani market. In 2010, Azerbaijan imported from Russia cement and cement clinkers in the amount of 643,200 tons worth $ 30 million. The country's priority also was timber, which was imported in the amount of 600 million cubic meters, cars, trucks and special purpose vehicles - 13,332 pieces in 2010 and semi-finished products of ferrous metal in the amount of 38,000 tons.

Russia mainly imported from Azerbaijan food products, textiles and articles thereof, mineral products, chemical products, machinery and equipment, metals and products thereof in 2010. Fruits and vegetables occupied the biggest share in the Azerbaijani exports to Russia. For example, the Russian domestic market received around 170,000 tons of fruit at $ 96 million in 2010. Fruit and vegetable juices, including pomegranate juice prevails, making the Azerbaijani products supply to the Russian market very popular. Export of the Azerbaijani wine and brandy made ​​ 221 thousand decalitres at $ 5.4 million.

2010 also marked favorable opportunities Azerbaijan has become for growth of trade turnover between the countries due to the resumption of gas cooperation a net gas exporter to Russia. The Azerbaijani natural gas supply to Russia in 2010 amounted to 800 million cubic meters. In 2011-2012 the figure will be increased to 2 billion cubic meters. Due to this gas agreement, the Azerbaijan-Russia trade turnover could rise by hundreds of millions of dollars in the short term.

Based on the terms of the Azerbaijan-Russia agreement on oil transit through the territory of the Russian Federation dated Jan. 18, 1996, the Azerbaijani side provides transportation of oil via the Baku-Novorossiysk pipeline. In 2010, 2.25 million tons of oil was pumped via this route.

Exports of basic goods from Azerbaijan to the Russian Federation in 2010

Description of goods

Number

Cost, thousand USD

1

Potatoes, tons

63 212,1

16 112,6

2

Vegetables, tons

53 747,1

25 546,8

3

Fruits, tons

169 856,3

96 328,7

4

Tea, tons

7 702,8

30 251,4

5

Vegetable oil , tons

21 629,8

59 387,6

6

Animal oils and fats , tons

32 178,5

83 661,4

7

Margarine, tons

12 295,9

29 510,1

8

Sugar, tons

96 488,3

77 190,7

9

Canned fruits and vegetables, tons

3 301,5

2 903,3

10

Fruit and vegetable juices , tons

10 466,4

7 410,2

11

Wine and brandy with 100% alcohol, thousands decaliters

221

5399,5

12

Tobacco, tons

956,1

1 719,7

13

Natural gas, thousand cu. m.

759 433,8

188 397,0

14

Oil coke, tons

264 999,5

9 479,4

1 5

Kerosene, thousand tons

18 381,6

12 179,8

1 6

Cotton fiber, tons

1 177,5

1 787,4

17

Drill pipes of ferrous metal, tons

25 944,7

20 169,3

18

Fabrics of synthetic fibers, thousand. sq . m

23 069,7

4 391,3

19

Cotton yarn , tons

6 387,0

10 493,7

20

Sacks and bags of knitted materials, tons

4 988,6

9 876,6

Import of basic goods from the Russian Federation to Azerbaijan in 2010

Description of goods

2010

Number

Cost, thousand USD

1

Fish, tons

2 383,5

1 088,5

2

Dairy products, tons

10 532,9

12 179,5

3

Grain, tons

151 369,4

31 526,8

4

Maize, tons

55 263,3

11 516,7

5

Vegetable oil , tons

6 457,1

6 046,6

6

Margarine, tons

4 043,0

4 505,6

7

Canned fish , tons

3 234,1

5 757,5

8

Confectionery, tons

8 680,7

6 974,2

9

Chocolate, tons

8 536,6

9 837,6

10

Bread and flour products, tons

9 543,0

5 120,8

11

Vodka with 100 % alcohol, thousand decaliters

19,6

2 054,5

12

Cigarettes, million pieces

6 393,1

121 157,5

13

Cement and cement clinkers, tons

643 186,1

30 455,3

14

Lubricants, tons

7 928,2

9 459,7

15

Medicine, tons

3 617,3

11 998,0

16

Mineral fertilizers, tons

33 793,7

13 389,9

17

Polyethylene, tons

9 348,0

13 761,1

18

Newsprint , cardboard, tons

34 302,9

19 936,1

19

Rubber tires , pieces

218 506,0

4 011,4

20

Timber , cu . m

596 622,9

117 101,1

Export of investment goods to the Russian Federation in 2010

Description of goods

Number

Cost, thousand USD

1

Oil coke, tons

264 999,5

9 479,4

2

Bentonite clay , tons

83 808,1

5 370,8

3

Kerosene, tons

18 381,6

12 179,8

4

Drill pipes of ferrous metal,

25 944,7

20 169,3

5

fabrics of synthetic fibers , thousand sq . m

23 069,7

4 391,3

6

Cotton yarn , tons

6 387,0

10 493,7

7

Sacks and bags of knitted materials , tons

4 988,6

9 876,6

Imports of investment and innovation of products from the Russian Federation to Azerbaijan in 2010

Description of goods

Number

Cost, thousand USD

1

Polyethylene, tons

9 348,0

13 761,1

2

Cement and cement clinkers, tons

643 186,1

30 455,3

3

Lubricants, tons

7 928,2

9 459,7

4

Semi-finished products of ferrous metal, tons

37 779,8

20 271,6

5

Pipes of ferrous metal, tons

52 108,9

46 499,4

6

Channel bars and fittings of ferrous metal , tons

31 296,8

23 667,9

7

Rubber tires , thousands of pieces

218 506,0

4 011,4

8

Timbers , thousand , cu . m .

596 622,9

117 101,1

9

Liquid pumps and lifts , pieces

3 967,0

10 811,1

10

Washing machines , units

28 772,0

3 242,5

11

Tracks, units

795,0

29 337,1

12

Cars, units

12 421,0

61 962,7

13

Special purpose vehicles , units

116,0

14 396,3

14

Mineral fertilizers, tons

33 793,7

13 389,9

15

Newsprint , paperboard and products thereof , tons

34 302,9

19 936,1

Source: The Azerbaijani State Statistics Committee

Business people have much contributed in the development of the Russia- Azerbaijan economic relations at the regional level. More than 500 Russian enterprises and organizations are involved In foreign trade with Azerbaijan . The largest Russian companies in Azerbaijan are Lukoil-Azerbaijan, Baltika-Baku - a company of the 21st century, VTB Bank (Azerbaijan).

It should be noted that Nikoil bank - the Azerbaijani bank with participation of the Russian capital is first among the Azerbaijani banks to introduce the Islamic banking product "Wadia yad Daman" and is developing three other products in this area. Developed products take into account all the high requirements of Shariah and at the same time do not contradict the Azerbaijani legislation.

Over the past two years, the Russian business has implemented a number of investments in Azerbaijan's non -energy sector. Based on the official statistics of Azerbaijan for 2005-2010, non-oil sector of Azerbaijan, Russian companies invested $ 88.2 million in Azerbaijan's non -energy sector and $19.3 million in fixed capital.

The Russian direct investments in Azerbaijan's non-oil sector million. USD

2005

5.1

2006

4.6

2007

10.7

2008

5.8

2009

50.3

2010

11.7

Source: The Azerbaijani State Statistics Committee

Russia 's Vneshtorgbank (VTB) bought 51 percent of Azerbaijan 's AF Bank in 2009, carried out its re-branding and renamed to VTB Bank (Azerbaijan). Today, the bank considers over 5 projects, with the possibility of providing loans worth up to $ 100 million.

There are opportunities for expansion of Rosselxozbank in the banking and financial sector of Azerbaijan due to the opening of its office in Baku in June 2010. A Russian-Azerbaijani joint venture producing bentonite clay operates in Azerbaijan, in which the Russian party invested more than $ 3 million. A brewery in the Khirdalan town was modernized in the amount of $ 20 million (purchased in 2009 by "Baltika", St. Petersburg) and production of own products was launched.

The total volume of the Russian investment in Azerbaijan amounted to about $2.5 million in 2010, which is increased by 4 times compared to the figures of five years ago.

In turn, the Azerbaijani company "Azersun Holding" put into operation a tea-packing factory in the Belorechensk city (Krasnodar Territory) worth $ 2.5 million in September 2010 and plans to invest an additional $6 million to the revival of tea plantations. The company launched a project to build a canning plant for processing of fruits and vegetables with a capacity of 50 million standard cans. Investment worth $ 8 million is planned to be made in this project.

The Azerbaijani- Russian economic relations have gained sustained positive development in recent years. Today, both Russia and Azerbaijan give great importance to the regional development, particularly the establishment of direct inter-regional relations. The inter-regional cooperation plays an important role in the development of the Russian-Azerbaijani trade and economic relations and increasing trade. Today, companies of 71 of 83 subject of the Russian Federation are involved in foreign trade with Azerbaijan involved, 15 Russian regions signed an agreement on trade-economic , scientific-technical and cultural cooperation. Nine subjects of the Russian Federation - Moscow, Moscow region, St. Petersburg , Nizhny Novgorod, Stavropol, Sverdlovsk and Samara regions, Tatarstan and Dagestan are particularly active in the development of interregional tie.

The Trade Mission of the Russian Federation has been operating in Baku since March 2006 .

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