Foreign trade of Azerbaijan (January 2012)

The foreign trade turnover with 94 world countries amounted to $2.506.5 billion in January 2012, or 15.61 percent more than in January 2011. The volume of exports increased by 17.55 percent to $1.849 billion compared to the same period of 2011. The volume of import increased by 10.48 percent and hit $657.67 million. Azerbaijan exported 577 products, and imported 3,228 different goods. The index of export exceeded import in January 2012. This formed the foreign trade surplus to the amount of $1.191.3 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 January

2012

Name of the product

Quantity

Cost, ths USD

Crude oil (according to meters)

3 186 026,2 tons

-

including

- via ВТС

2 585 997,1 tons

-

- Baku-Supsa

365 858,3 tons

-

- Baku-Novorossiysk

159 828,0 tons

-

- via railway

74 342,8 tons

-

Crude oil (according to freight customs declarations)

1 930 261,0 tons

1 584 563,4

Oil products

122 476,3 tons

100 228,5

Natural gas (according to meters)

747 230,0 ths cubic meters of gas

-

Natural gas (according to freight customs declarations)

194 028,0 ths cubic meters of gas

50 286,5

Electric power (according to meters)

38 217,6 ths cubic meters of gas

-

Electric power (according to freight customs declarations)

0,0 ths kilowatt per sec

0,0

Source: State Customs Committee

Most of the exports of Azerbaijan or 85.71 percent accounted for crude oil. In January 2012, crude oil worth $1.584.5 billion was exported, exceeding the figure for the same period of last year by 14.7 percent.

During the reporting period, oil products were exported in amount of $100.2 billion (an increase during the year at 27.2 percent), making up 5.42 percent of total exports.

Azerbaijan increased gas exports by 2.6 times in January compared to the same period of last year, and its share in total exports reached 2.72 percent compared to 2.61 percent in 2011.

Azerbaijan exported chemicals amounting to $12.3 million in January 2012, which is twice more compared to the same period of 2011. The figure makes up 0.66 percent of total exports. Azerkimya Production Unit has increased the export of the main types of products produced by the enterprise to Turkey -- polyethylene, propylene, isopropyl alcohol, propylene glycol, and others. More than 50 percent of all export products is exported to the Turkish market.

Azerbaijan, which remains a net exporter of electricity for already four years, ceased exports in January. According to the State Customs Committee, in January 2012, according to the controlling and measuring apparatus, electricity supply for export from the country amounted to 38.2176 million kilowatt/hours.

Main products exported from Azerbaijan

Products

January 2012

Compared to January 2011, in %

Share in volume of export, %

Cost

(mln USD)

Vegetables and fruits

0,51

9, 36

102,92

Vegetable and animal oil

1,07

19, 810

140,69

Alcoholic and soft drinks

0,04

0,670

246,61

Aluminium and wares from it

0,45

8, 273

3 236,52

Ferrous materials, ton

0,49

9, 037

116,91

Cotton

0,01

0,173

102,92

Chemical products

0,66

12,3

250,81

Source: State Customs Committee

During this period, the highest amount of export accounted for Italy. Thus, during the reported period Azerbaijan exported commodities to Italy totaling $766.7 million, which makes up 41.47 % of total exports. Mainly oil and oil products are exported to this country. Italy is followed by France ($197.2 million) and USA ($45,350). 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.

In January 2012 the traditional domination of three countries in import seems to be as: Turkey ranks first ($117.28 mln), Russia ranks second ($95.923 mln) and Germany ranks third ($48.435 mln).

Most of Azerbaijan's imports during the reporting period accounted for the imports of machines, equipment, electric vehicles and their spare parts. In January 2012, the vehicle and equipment import amounted to $66.625 million, exceeding the figure for the same period of the last year by 62.16 percent.

At the same time, according to the Azerbaijani State Customs Committee, compared to January 2011 the number of vehicles imported on customs orders increased by 73.22 percent, while cars - by 2,733 units.

Introducing "single window" principle while registration of vehicles in the country's territory might affect increase in vehicle import. Introducing the "single window" principle has greatly simplified the process of state registration of imported vehicles, and significantly reduced the time of registration.

Main products imported to Azerbaijan

Products

January 2012

Compared to January 2011, in %

Cost

(mln USD)

Share in volume of import, %

Meat

2 ,084

0,32

161,40

Flour

0,156

0,02

93,38

Butter

19,358

2,94

167,71

Milk

0,524

0,08

156,59

Grain

18,340

2,79

39,48

Sugar and sugar beet

15,133

2,30

131,84

Transport means and spare parts

173, 829

26,43

81,81

Wood and wares from it

66,625

10,13

162,16

Consumer goods

22,359

3,40

131,66

Ferrous metals, ton

108,392

16,48

119,54

Furniture

5,216

0,79

107,43

Pharmaceutical products

22,359

3,40

131,66

According to the State Customs Committee, Azerbaijan's foreign trade turnover with CIS countries in January 2012 amounted to $252.4 million or 10.07 percent of the total volume of foreign trade turnover of Azerbaijan compared to 15.1 percent in January 2011. Exports to the CIS countries for the period totaled $80.088 million and imports totaled $172.264 million. Thus, the black ink of import-export operations with CIS countries amounted to $92.176 million compared to surplus at $351,621 in 2011.

In total, 2,182 legal entities (1,474) and physical entities (708) participated in the foreign trade operations during this period.

The share of public sector in exports made up $1.754 bln (94.86 percent), private sector held $88.053 bln (5.02 percent), share of physical entities comprised $6.923 bln (0.4 percent).

In the import operations, $199.83 million (30.38 percent) accounted for the public sector, $424.94 million - private (64.61 percent) and $32.9 million - the share of physical entities (5 percent).

Subscribe to Trend in Google News! Subscribe
Israel signs deal with Novavax for COVID vaccine
Israel signs deal with Novavax for COVID vaccine
India & 5 Central Asian Countries To Form Joint Working Group On Afghanistan
India & 5 Central Asian Countries To Form Joint Working Group On Afghanistan
India for ‘greater urgency’ in trade negotiations with EU, says EAM Jaishankar
India for ‘greater urgency’ in trade negotiations with EU, says EAM Jaishankar
Loading Bars
Latest
Azerbaijan shares data on number of vaccinated citizens
Azerbaijan confirms 3,564 more COVID-19 cases, 1,004 recoveries
Russia allocates credit line for construction of Iran`s Sirik power plant - minister
National Bank of Georgia to adopt regulations for cryptocurrency trading platforms
Azerbaijan’s Nakhchivan discloses loans issued to population
Azerbaijan Entrepreneurship Development Fund to help businesses create corporate governance mechanisms
German RBC consulting company talks achievements in work on Azerbaijani market
Kazakh president calls on Nur Otan party members to focus on some priorities
Iran Oil Industry Pension Fund eyes to invest in oil and energy sectors
Uzbek UzAuto Motors to generate higher revenue in 2022
Azerbaijan’s Buta Airways becomes most active passenger carrier in Georgia
Kazakhstan-based Nostrum unveils oil production indicators for 2021
Turkmenistan assisting in delivery of Turkish humanitarian aid to Afghanistan
Azerbaijan to increase number of bus routes to Karabakh (Exclusive)
Azerbaijan discloses number of passengers of regular bus trips to liberated Shusha, Aghdam
President Ilham Aliyev congratulates president of Kazakhstan on election as chairman of Nur Otan party
Uzbekistan proposes India to develop co-op in healthcare, education and IT
Azerbaijani President Ilham Aliyev signs order on 30th anniversary of Khojaly genocide
Israel signs deal with Novavax for COVID vaccine
Azerbaijan's ANAMA builds new mobile field camp in Aghdam district (PHOTO)
TBC Capital shares data on mortgage loans issuance in Georgia
Turkmen Commodity Exchange discloses data on imports from East Asian countries
SOFAZ places €1 billion deposit with Central Bank of Turkey
Iran seeks to prevent import of luxury goods
India & 5 Central Asian Countries To Form Joint Working Group On Afghanistan
Azerbaijan's foreign trade turnover notably up in 2021
Azerbaijani deputy PM to attend opening ceremony of Olympic Winter Games in Beijing
Uzbekistan sees growth in agricultural production
India for ‘greater urgency’ in trade negotiations with EU, says EAM Jaishankar
Georgia increases textile exports to Turkey
Romanian energy minister to visit Azerbaijan
Azerbaijan records decline in foreign currency sales - chairman of CBA
Georgia’s imports of oil products from Kazakhstan plummet
Turkmenistan to increase electricity supply to Afghanistan
Central Bank of Azerbaijan names allocations made to support national currency rate in 2015
Azerbaijan to build astronomical station in Karabakh region
Use of cryptocurrency not endangering stability of Azerbaijani national currency - CBA
Central Bank of Azerbaijan plans to sign agreement with int’l consulting company
UNIDO to offer expertise for Turkmen energy sector
Central Bank of Azerbaijan names priorities for development of insurance sector
Our first president made huge contribution to strengthening of state - President Tokayev
Nur Otan party should be led by person who was nominated and supported by it in presidential election - Nazarbayev
CBA expects inflation to return to target range Azerbaijan in 2023
Devotion to interests of country has particular importance in politics - Kazakh president
Iran working on connecting of Gilan ports to national railway network
Share of electricity in Azerbaijan’s total exports down
Siraf Pars Port in Iran becomes country's major liquid gas exporter
Global food prices rise to highest level over past decade - FAO (Exclusive)
Decree regulating process of charity on part of big business to be issues in Kazakhstan
French 2021 economic growth strongest in 52 years at 7%
Kazakh-Russian copper deposit dev't project approved by Russia's Main Department of State Expertise
Azerbaijan reveals petroleum coke, oil bitumen exports
Buta Airways to resume flights to Mineralnye Vody in February
Turkmenistan sees decline in trade turnover with Azerbaijan
We'll return to issue of expediency of my further chairmanship in Nur Otan after some time - Tokayev
Representative body of Kazakhstan's Nur Otan party updated by 55%
Azerbaijan unveils volume of transactions via Apple Pay
Public councils created under Nur Otan party should become effective platform - Tokayev
Azerbaijani Central Bank not planning to create new legislative base to regulate digital banks
Central Bank discloses Azerbaijan's possible current account balance in 2022
Potential of Nur Otan party wasn't fully utilized at critical moment - Tokayev
Currency rate of Azerbaijani manat to be stable in 2022 - CBA
Military reforms, increasing of combat capability of troops to be priority in 2022 – Azerbaijan MoD
Dariga Nazarbayeva resigned from Kazakhstan Nur Otan party
Azerbaijan reveals Top 10 oil importers
Azerbaijani CBA forecasts increase in demand for foreign currency
Rothschild & Co eyes creation of special financial zones in Georgia
Azerbaijan increases share of natural gas in exports
Annual inflation to be above target range in Azerbaijan - CBA
Nur Otan Party needs to renew itself - Tokayev
Turkmen enterprise eyes to expand tomato production
Non-OPEC won’t return to pre-COVID levels of oil output
Azerbaijan defense minister expresses condolences to Pakistan
Additional barrels from OPEC+ back to market in 2022 to be less than headline figure
Azerbaijan continues restoration and construction work on its liberated lands
Kazakh president elected chairman of Nur Otan Party
Azerbaijani President Ilham Aliyev awards WCO Sec-Gen with 'Dostlug' order
Global oil demand to surpass pre-pandemic levels this year
Uzbekistan plans to implement new projects jointly with AIIB
After 20 years, privatisation programme in India off to 'Maharaja' start
Armenian troops open fire at Azerbaijani positions in direction of Tovuz district
CBA denies rumor on currency swap deal between Azerbaijani, Turkish central banks
Azerbaijan reveals inflation rate for 2021
Buta Airways to start operating flights to Kharkiv in May and increase number of flights to Kiev
Georgia’s Rural Development Agency talks co-op with international agencies in 2022 (Exclusive)
Eni to develop innovative technology for use of CO2
New opportunities for cooperation arose in region after end of conflict between Armenia and Azerbaijan – President Ilham Aliyev
Azerbaijan developing mechanisms for financing business in liberated lands
Uzbekistan sees increase in volume of car exports
Central Bank of Azerbaijan increases interest rate
Integration of arable land at Azerbaijani liberated territories into national crop rotation to improve food security - FAO (Exclusive)
Ukrainian Ministry of Economy discloses trade turnover data with Azerbaijan
Azerbaijan Entrepreneurship Dev't Fund talks soft loans for 2022
Bank of Georgia allocates funds for local solar power plant construction
Turkmen agriculture ministry opens tender to purchase plant protection chemicals
Uzbekistan to reduce methane emissions
Azerbaijan eyes turning local payment system into neo-bank
Uzbekneftegaz JSC, Tatneft PJSC discuss implementation of investment projects
Azerbaijan Entrepreneurship Development Fund unveils volume of soft loans issued in 2021
Georgia shares data on number of plastic cards in circulation
All news