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).

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