Foreign trade of Azerbaijan (January-July 2011)

In January-July 2011, Azerbaijan's foreign trade turnover with 141 countries comprised $20.626 billion or an increase of 32.87 percent compared to January-July 2010. The amount of export increased by 28.95% as compared to last year and comprised $15.484bln, while import increased 46.59%, totaling $5.142ln. Azerbaijan exported 1,667 types of goods and imported 5,501. During the reported period, the indicator of export exceeded the indicator of import and thus, the black ink of import-export operations amounted to $10.343bln.

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-July 2011

Products Quantity Cost, ths USD
Crude oil (indicators of counter) 23043476,3 тонн -
Including
- via ВТС 19031366,3 тонн -
- Baku-Supsa 2196464,5 тонн -
- Baku-Novorossiysk 1167743,0 тонн -
- via railway 647902,5 тонн -
Crude oil (according to customs declarations) 16567980,0 тонн 13351866,3
Oil products 1136574,5 тонн 863086,5
Natural gas (according to indicators of counter) 4443129,2 тыс куб м -
Natural gas (according to customs declarations) 2206462,3 тыс куб м 405838,3
Electricity (according to indicators of counter) 348608,1 тыс кВт/с -
Electricity (according to customs declarations) 482989,5 тыс кВт/с 26894,8
Source: State Statistics Committee

Most of the exports of Azerbaijan or 86.23 percent in the five months accounted for the export of crude oil. In January-July, was exported crude oil worth $13.351 billion, exceeding the figure for the same period last year by 29.39 percent.

During the reporting period, oil products were exported in amount of $863.09 million (an increase of the year at 17 percent), accounting for 5.57 percent of total exports.

Main products exported from Azerbaijan

Names January-July 2011 Compared to January-July 2010, in %
Share in volume of export, % Cost
(mln USD)
Vegetables and fruits 0,62 95,9 167,89
Vegetable and animal oil 0,76 118,3 96,91
Tobacco and tobacco products 0,04 5,8 161,8
Alcoholic drinks 0,05 8,5 98,36
Aluminium and wares from it 0,02 3,0 177,8
Ferrous materials, ton 0,84 129,6 210,09
Cotton 0,04 4,3 193,41
Chemical products 0,34 53,3 177,44
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 $5.502bln which makes up 35.54% of total exports. Mainly oil and oil products are exported to this country. Italy is followed by France ($2.392bln) and USA ($0.979bln). 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-July 2011 accounted for the Far East. The traditional domination of three countries in import seems to be as: Russia ($966.1mln), Turkey ($699.5mln) and Germany ($409.8mln).

Most of Azerbaijan's imports or 32.34 percent in the first three months accounted for the imports of machines, equipment, electric vehicles and their spare parts. In January-July, the machinery and equipment import amounted to $1.66 billion, exceeding the figure for in the same period of the last year by 83.9 percent.
Main products imported to Azerbaijan

Products January-July 2011 Compared to January-July 2010, in %
Share in import, % Cost
(mln. USD)
Meat 11,5 0,22 108,02
Flour 54,6 1,06 7664,70
Butter 72,5 1,41 97,33
Milk 5,4 0,11 102,45
Grain 151,2 2,94 115,29
Sugar and sugar beet 84,8 1,65 87,39
Transport means and spare parts 773,1 15,04 163,37
Wood and wares from it 129,2 2,51 152,86
Consumer goods 27,8 0,54 109,77
Ferrous metals, ton 521,0 11,99 135,9
Furniture 33,7 0,66 121,94
Pharmaceutical products 12,3 2,18 137,53

According to the State Customs Committee, Azerbaijan's foreign trade turnover with CIS countries in January-July amounted to $3.547.2 billion. Exports to CIS countries for the period totaled $2.045.1 billion (13.21 percent of total exports) and imports - $1.502.1 billion (35.91 percent of total imports). Thus, the black ink of import-export operations with CIS countries amounted to $542.9mln.

The share of public sector in exports made up $14.782bln, private sector held $0.614bln. The share of export operations by physical entities comprised $89.02mln.

In the import operations, $1.844 billion accounted for the public sector, $3.053 billion - private and $244.85 million - the share of individuals.

In total, 5,903 legal entities (3,135) and physical entities (2,768) participated in the foreign trade operations.

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