In January-August 2011, Azerbaijan's foreign trade turnover with 146 countries comprised $23.661 billion or an increase of 31.66 percent compared to January-August 2010. The amount of export increased by 27.59% as compared to last year and comprised $17.798bln, while import increased 45.76%, totaling $5.863bln.
Azerbaijan exported 1,751 types of goods and imported 5,657 types of goods. During the reported period, the indicator of export exceeded the indicator of import and thus, the black ink of import-export operations amounted to $11.935bln.
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-August 2011
|
Products |
Quantity |
Cost, ths USD |
|
Crude oil (indicators of counter) |
27 259 030,3 tons |
- |
|
Including |
||
|
- via ВТС |
21 833 944,8 tons |
- |
|
- Baku-Supsa |
2 556 235,5 tons |
- |
|
- Baku-Novorossiysk |
1 247 237,0 tons |
- |
|
- via railway |
693 682,5 tons |
- |
|
Crude oil (according to customs declarations) |
18 951 269,2 tons |
15 444 492,9 |
|
Oil products |
1 250 157,8 tons |
951 332,9 |
|
Natural gas (according to indicators of counter) |
4812,5 millions cubic meters |
- |
|
Natural gas (according to customs declarations) |
2301,4 millions cubic meters |
430 762,9 |
|
Electricity (according to indicators of counter) |
359, 3 million kilowatt-hours |
- |
|
Electricity (according to customs declarations) |
496,8 million kilowatt-hours |
27 552,7 |
Source: State Statistics Committee
Most of the exports of Azerbaijan or 86.78 percent in the eight months accounted for the export of crude oil. In January-August, was exported crude oil worth $15.444 billion, exceeding the figure for the same period last year by 28.13 percent.
During the reporting period, oil products were exported in amount of $951.33 million (an increase of the year at 12.81 percent), accounting for 5.35 percent of total exports.
In January-August, Azerbaijan exported chemical products in amount of $70.558 million, exceeding the same period last year by 2.18 times and 0.4 percent of total exports.
Main products exported from Azerbaijan
|
Names |
January-August 2011 |
Compared to January- August 2010, in % |
|
|
Share in volume of export, % |
Cost (mln USD) |
||
|
Vegetables and fruits |
0,57 |
101,44 |
167,54 |
|
Vegetable and animal oil |
0,73 |
129,68 |
93,69 |
|
Tobacco and tobacco products |
0,03 |
6,06 |
161,09 |
|
Alcoholic drinks |
0,57 |
9,25 |
94,81 |
|
Aluminium and wares from it |
0,02 |
3,3 |
178,67 |
|
Ferrous materials, ton |
0,81 |
143,3 |
186,08 |
|
Cotton |
0,02 |
4,34 |
193,1 |
|
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 $6.767bln which makes up 38% of total exports. Mainly oil and oil products are exported to this country. Italy is followed by France ($2.781bln) 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 traditional domination of three countries in import seems to be as: Russia ($1.085.4bln), Turkey ($789.3mln) and Germany ($478.6mln).
Most of Azerbaijan's imports or 32.34 percent in the first eight months accounted for the imports of machines, equipment, electric vehicles and their spare parts. In January-August, 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.
Also the country imported vehicles and spare parts amounting to $839.72 million with a growth of 58.63 percent and the share of total imports - 14.32 percent.
Main products imported to Azerbaijan
|
Products |
January-August 2011 |
Compared to January- August 2010, in % |
|
|
Share in import, % |
Cost (mln. USD) |
||
|
Meat |
13,24 |
0,23 |
112,21 |
|
Flour |
55,5 |
0,95 |
56,43 раз |
|
Butter |
79,3 |
1,35 |
98,13 |
|
Milk |
5,94 |
0,1 |
94,47 |
|
Grain |
168,54 |
2,87 |
119,84 |
|
Sugar and sugar beet |
103,57 |
1,77 |
91,41 |
|
Transport means and spare parts |
839,72 |
14,32 |
158,63 |
|
Wood and wares from it |
147,6 |
2,52 |
149,55 |
|
Consumer goods |
31,99 |
0,55 |
107,03 |
|
Ferrous metals, ton |
748,55 |
12,77 |
144,33 |
|
Furniture |
42,9 |
0,73 |
132,21 |
|
Pharmaceutical products |
122,85 |
2,1 |
132,7 |
According to the State Customs Committee, Azerbaijan's foreign trade turnover with CIS countries in January-August amounted to $3.957.92 billion (16.7 percent of trade turnover with CIS countries). Exports to CIS countries for the period totaled $2.285.4 billion (12.84 percent of total exports) and imports - $1.672.6 billion (28.53 percent of total imports). Thus, the black ink of import-export operations with CIS countries amounted to $612.74mln.
In total, 6,350 legal entities (3,294) and physical entities (3,056) participated in the foreign trade operations.
The share of public sector in exports made up $17.003bln, private sector held $0.701bln. The share of export operations by physical entities comprised $94.48mln.
In the import operations, $2.09 billion accounted for the public sector, $3.49 billion - private and $279.48 million - the share of individuals.