Review of foreign trade of Azerbaijan (January-October 2011)

The foreign trade turnover with 147 world countries amounted to $ 26.77 billion in January-October 2011, or 32.29 percent more than in January-October last year. The volume of exports increased by 27.49 percent to $ 22.14 billion compared to the same period of 2010. The volume of import increased by 48.5 percent and hit $ 7.63 billion. Azerbaijan exported 1,950 products, and imported 5,970 different goods. The index of export exceeded import In January-October this year. This formed the foreign trade surplus to the amount of $ 14.51 billion.

As in previous periods, oil and oil products are mainly exported from Azerbaijan.

Export of oil and oil products, natural gas and electric power in Jan.-Oct.

2011

Name of the product

quantity

cost, thousand dollars

Crude oil (according to meters)

32407940,2 tons

-

including

- via ВТС

26698958,0 tons

-

- Baku-Supsa

3228608,7 tons

-

- Baku-Novorossiysk

1621990,0 tons

-

- via railway

858389,5 tons

-

Crude oil (according to freight customs declarations)

23400567,4 tons

19203998,0

Oil products

1627744,7 tons

1235245,1

Natural gas (according to meters)

5754672,1 thousand cubic meters

-

Natural gas (according to freight customs declarations)

2557462,6 thousand cubic meters

490751,4

Electric power (according to meters)

394126,3 thousand kwt/s

-

Electric power (according to freight customs declarations)

534136,3 thousand kwt/s

29448,9

Source: state customs committee

Most Azerbaijan's export fell to the crude oil for nine months of the year (86.74 percent). It was exported to the amount of $19.2 billion in January-October or 27.79 percent more compared to the same period of last year.

During the reporting period, oil products were exported to the amount of $ 1.2 billion (an increase of 14.45 percent per year), or 5.58 percent of total exports.

Azerbaijan exported chemical products to the amount of $95.1 million in January-October 2011, or 2.64 times more than the same period of last year. The figure hit 0.43 percent of total exports. It should be stressed that "Azerkimya" production association increased exports of the main types of manufactured goods: polyethylene, propylene, isopropyl alcohol, polyethylene, propylene glycol, and others to Turkey. Thus, more than 50 percent of all Azerkimya's export goods are exported to the Turkish market.

Up to 70 percent of canned fruits and vegetables produced in Azerbaijan are delivered for export, Azerbaijani Minister of Agriculture Ismet Abasov said. "Azerbaijan fully satisfies its need for canned fruits and vegetables and 70 percent of this production is exported to the CIS countries and Europe," Abasov said. He said that about 80 enterprises are engaged in fruit and vegetable processing in Azerbaijan. Their capacity allows producing about 750 million of standard cans a year. Minister said that the production volumes of potatoes, vegetables, melons, fruits and berries exceed demand for these products by 1.5-1.7 times. Consequently, the export of these products increased this year.

In future Azerbaijan will also increase the production of beer and wine, most part of which will be exported, Azerbaijani Minister of Agriculture Ismet Abasov said. At present, more than 20 companies in the country are engaged in beer production. They produce more than 3.2 million deciliters of beer per year, while annual demand for beer is 2 deciliters. The volume of beer production is expected to be increased to 4.5 million deciliters. Most of the products will be exported. "The volume of wine production is expected to be increased to 3 million deciliters by 2015. About 2 million can be exported," Abasov said. He said that the grape wine is produced at 30 wineries in Azerbaijan.

Main kinds of products exported from Azerbaijan

Name of products

Jan.-Oct. 2011

Jan.-Oct. 2010, in %

Share in export volume, %

cost

(mln dollars)

Fruits and vegetables

0,6

118,8

172,5

Oil and butter

0,71

141,08

100,59

tobacco

0,04

6,96

160,33

Spirits and soft drink

0,5

9,86

91,21

Aluminum

0,02

3,87

188,37

Ferrous metals, tons

0,79

156,15

181,38

Raw cotton

0,02

4,5

195,63

Chemical products

0,34

53,3

177,44

source: Azerbaijani state customs committee

The largest volume of export fell to Italy in January-October 2011. Thus, goods worth $ 8 billion, or 36.52 percent of total exports were exported from Azerbaijan to Italy during the period. Oil and oil products are mainly exported to this country. The following leading positions are taken by France ($ 3 billion) and U.S. (1.3 billion). It should be stressed that Italy has been taking a leading position since 2008. It took this position for almost 2 years except for the initial three months of 2008. Turkey took a leading position in January 2008 and the U.S in February and March.

The largest volume of imports falls to Russia ($ 1.4 billion) in January-October 2011. Turkey ranks second - $990.4 million and Germany - third ($714.14 million).

Most Azerbaijan's imports or 31.78 percent during the period fell to the imports of cars, mechanisms, equipment, electric equipment and spare parts. The import of vehicles and spare parts amounted to $ 1.2697 billion in January-October, or 1.96 times more than their imports in January-October 2010. The vehicles were imported to the amount of $ 538.95 million or up 8.94 percent more than the imports for the 10 months of 2010. The "single window" introduced in the country on Oct. 21 increased the imports of cars in the country while registering cars in the country. The introduction of "single window" greatly simplified the process of state registration of imported vehicles, and significantly reduced the period of registration.

About 6,522 tons of beef, 20,131 tons of poultry meat, 6,162 tons of fish were imported to Azerbaijan for 10 months. During the reporting period, 1,224 tons of chicken sausages, 1,538 tons of pork, 1,339 tons of lard were imported to Azerbaijan during this period.

Moreover, other food products - 1,538 tons of milk, 4,191 tons of cheese, 7,037 tons of dairy products, 1,371 tons of milk powder, 17,228 tons of butter, 32,242,360 pieces of breeding eggs, 1,817,522 chickens, 4,619 tons of sour cream and yogurt, 4,936 tons of canned fish, etc were imported to Azerbaijan.

Main products imported to Azerbaijan

Name of products

Jan.-Oct. 2011

Jan.-Oct. 2010, in %

cost

(mln dollars)

Share in import volume, %

meat

17,5

0,23

120,93

flour

58,3

0,76

4409,13

butter

95,5

1,25

103,86

milk

7,8

0,10

101,30

grain

219,9

2,88

97,62

Sugar and granulated sugar

136,5

1,79

96,84

Cars, mechanisms, electric goods, equipment

2424,3

31,78

175,17

Vehicles and spare parts

1269,7

16,64

195,47

Wood and wooden goods

202,6

2,66

161,81

Consumer goods

45,1

0,59

111,84

Ferrous metals, tons

929,9

12,19

149,54

Furniture and its parts

58,3

0,76

145,18

Pharmaceutical goods

175,7

2,30

149,24

According to the Azerbaijani State Customs Committee, Azerbaijan's foreign trade turnover with the CIS countries in January-October totaled $4.64572 billion or 15.6 percent of total foreign trade turnover. The exports to the CIS countries for the period increased by 1.59 times and amounted to $2.5636 billion (11.58 percent of total exports) and imports increased by 30.23 percent to $2.0822 billion (27.29 percent of total imports). As a result, the country had black ink in trade with them at $481.4 million.

During this period, about 7,410 legal and physical entities were involved in foreign trade operations, including 304 - legal entities and 3,806 - physical entities.

The share of public sector in exports totaled $21.12 billion (95.4 percent), private - $0.89 billion (4 percent), the share of physical entities - $0.14 billion (0.6 percent).

The share of public sector in import operations amounted to $2.71 billion (35.5 percent), the private sector - $4.56 billion (59.8 percent), physical entities -$ 0.36 billion (4.7 percent).

Azerbaijan's trade operations with foreign countries in Jan.-Oct. 2011

Name of country

Export, thousand dollars

export 2010, in %

Import, thousand dollars

import 2010, in %

total

22 139 232,87

127,49

7 628 843,87

148,50

including

Far abroad:

19 575 661,93

124,24

5 546 687,35

156,75

Australia

66,50

0,25

4 661,09

111,82

Austria

2 486,17

319,54

76 051,88

128,98

Albania

9,80

0,14

13,10

-

Algeria

108,94

0,29

64,10

101,93

Angelia

0,00

-

851,93

504,18

Angola

2,07

8,47

2,18

37,87

Andorra

0,00

-

58,83

30,32

Argentine

13 420,25

882,91 раз

19 981,03

79,73

Aruba

111,28

385,26

0,00

-

Afghanistan

82 746,00

177,79

27,08

375,82

Bangladesh

0,00

0,00

272,29

517,37

Bahrain

7,93

1,56

203,54

357,75

Belgium

2 516,91

203,79

45 802,92

115,11

Belize

24,75

-

1 673,64

57,41 раз

Bermuda islands

15,16

84,67

0,00

-

Brazil

48,02

27,98

141 488,89

117,48

Brunei

21,09

-

0,00

-

Bulgaria

410 344,10

457,42

17 314,53

187,28

Bosnia and Herzegovina

0,00

0,00

390,44

102,08

Great Britain

12 094,67

216,91

332 304,32

136,22

Hungary

2,05

4,75

25 581,83

247,25

Virgin islands Great Britain

0,00

-

188,75

60,83

Virgin islands U.S

352 193,42

448,23

0,00

0,00

Venezuela

0,28

3,37

0,00

0,00

Vietnam

264,30

642,57

916,88

113,90

Gabon

10,49

32,27 раз

1,12

12,82

Ghana

7,59

399,46

0,00

-

Gayman

14,98

128,31

0,00

-

Germany

304 205,91

35,96 раз

714 403,44

161,20

Guadalupe

0,00

-

0,21

-

Greece

203 185,83

117,28

6 810,02

62,11

Georgia

423 107,51

132,10

73 266,51

176,89

Gibraltar

0,00

-

113,36

44,15

Egypt

160 994,00

885,41

2 166,69

335,66

Denmark

626,41

99,82 раз

38 993,25

400,55

Dominican republic

0,00

-

1,48

-

Dominica

0,00

-

19,63

-

Zambia

0,00

-

1,25

-

Zimbabwe

0,00

-

798,77

15,56 раз

India

296 046,60

99,04

32 805,11

109,52

Indonesia

803 515,04

102,74

11 411,55

580,22

Jordan

17,78

88,64

3 037,58

185,63

Spain

283 689,11

158,93

20 410,01

140,12

Iraq

10 815,30

38,61

252,31

140,83

Iran

129 658,39

133,99

127 123,33

137,61

Ireland

14,66

56,32

9 910,93

148,76

Iceland

0,00

0,00

367,67

799,48

Israel

664 263,62

45,60

33 167,24

58,27

Italy

8 086 239,96

146,93

191 782,15

217,72

China

25 278,36

10,46

502 314,47

118,22

Canada

198,03

0,06

13 446,30

102,82

Qatar

22,61

96,62

11 519,94

193,78 раз

Cyprus

36 572,93

157,19

2 622,17

49,69

Kenya

0,00

-

665,14

102,62

Kiribati

0,00

-

2,47

30,04

Columbia

0,00

0,00

7,34

0,38

Komor islands

0,00

-

1,10

-

Congo

25,95

90,93

6,32

701,91

Korean republic

444 219,31

203,88

161 284,78

121,00

Korea

0,00

-

26,38

-

Costa Rica

0,00

-

106,33

87,61

Cote dIvoire

0,00

-

2,91

-

Cuba

0,00

0,00

22,18

41,55 раз

Kuwait

38,80

310,14

52,81

7,49

Latvia

13 747,18

506,41

11 208,06

211,01

Liberia

0,00

-

6,18

-

Lithuania

4 220,03

342,95

14 805,65

98,29

Lebanon

32 321,31

60,35

731,63

463,17

Libya

0,76

0,00

0,62

-

Lichtenstein

0,92

-

8,78

168,35

Luxembourg

39,29

31,00

18 734,06

272,46

Madagascar

0,00

-

0,42

36,40

Macedonia

0,00

-

40,08

2,74

Malawi

0,00

-

180,01

30,83

Malaysia

663 985,67

114,73

28 614,71

95,22

Malta

218 425,11

228,16

294,95

85,98

Marshal islands

0,00

-

269,82

87,30 раз

Morocco

182,10

-

2 516,37

220,76

Mauritania

0,00

-

187,30

-

Mexico

32,26

34,00

3 553,15

178,29

Mongolia

299,96

121,69

32,21

-

Mozambique

330,97

59,88 раз

0,00

0,00

Myanma

0,00

-

3,44

30,67 раз

Nauru

0,00

-

24,08

-

New Zealand

54,13

176,05

14 966,42

93,89

New Caledonia

0,00

-

30,17

-

Norway

193,96

17,73

20 367,69

287,95

Netherlands

5 822,14

4,55

100 731,68

266,94

Niger

0,00

-

0,97

-

Nigeria

22,86

34,23

7,48

138,97

Nepal

0,00

-

68,82

-

UAE

5 541,40

37,77

70 735,91

203,26

Oman

4 226,19

397,51 раз

136,80

690,36

Pakistan

7,33

8,66

2 724,20

138,87

Panama

32,59

-

6 692,92

77,50

Paraguay

0,00

-

6,60

-

Peru

1,35

-

26,21

127,02

Poland

2 366,56

43,12

111 053,65

550,47

Portugal

143 036,47

104,67

1 234,84

182,30

Puerto Rico

0,00

-

11,90

24,43

Romania

52 379,27

56,55

13 647,74

83,16

San Marino

0,00

-

76,31

289,00

Saudi Arabia

10 550,21

78,41 раз

265,94

17,11

Serbia

9,31

293,93

1 629,16

126,62

Serra Leone

32,66

0,00

0,00

0,00

Seychelles

56,34

-

12,89

43,87

Syria

68,98

62,92

927,65

116,00

Singapore

352,23

0,19

11 902,97

7,10

U.S

1 343 403,30

101,13

442 479,86

257,69

Somali

0,00

-

5,71

131,45

Slovakia

146,11

41,16

14 881,74

101,84

Slovenia

0,00

0,00

7 626,27

168,59

Sierra Leone

32,66

-

0,00

0,00

Siangan (Hongkong)

0,00

0,00

1 714,19

279,70

Тaiwan

0,00

0,00

26 773,24

675,89

Thailand

135 370,21

69,64

15 064,53

147,22

Tersikaykos

0,00

0,00

5,65

0,00

Tanzania

3,44

-

220,29

206,03

Trinidad and Tobago

0,52

3,04

105,75

-

Tunis

0,00

0,00

4 984,68

316,49

Turkey

399 036,93

273,76

990 429,45

164,16

Uganda

0,31

-

0,00

-

Uruguay

0,00

-

1 486,84

188,42

Finland

42,37

172,41

46 117,01

189,10

France

3 293 102,33

197,44

489 447,49

449,86

Philippines

635,76

26,93 раз

337,02

283,71

Croatia

347 710,72

50,81

2 655,42

168,38

Chili

0,00

-

661,72

418,92

Czechia

70 978,79

741,21 раз

86 719,94

246,53

Montenegro

1,76

-

0,00

-

Central African republic

0,00

-

21,76

-

Switzerland

76 102,80

113,17

121 674,62

161,38

Sweden

586,19

806,92

51 104,58

158,96

Sri Lanka

0,00

-

12 832,48

117,51

Ecuador

0,50

-

16 069,04

121,80

Equatorial guinea

1,21

0,48

0,00

-

Estonia

585,70

151,58

3 818,64

60,44

South African republic

0,01

0,10

894,84

5,11

Japan

360,55

256,01

143 310,66

121,63

CIS:

total:

2 563 570,94

159,34

2 082 156,52

130,23

Belarus

533 530,28

102,93 раз

54 448,61

60,28

Kazakhstan

53 657,12

150,08

147 034,69

63,76

Kyrgyzstan

17 346,98

44,77

770,89

103,96

Moldova

2 321,99

13,33 раз

4 354,88

143,31

Uzbekistan

19 892,61

111,42

48 022,33

611,98

Russia

999 340,96

168,69

1 355 654,81

155,40

Tajikistan

12 814,66

254,53

2 487,06

531,54

Тurkmenistan

34 687,85

17,65

11 969,96

100,82

Ukraine

889 345,33

124,07

443 645,74

116,49

source: Azerbaijani state customs committee

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