Foreign trade of Azerbaijan (January-October 2013)

The foreign trade turnover with 147 world countries amounted to $28.8 billion in January-October 2013, or 5.1 percent more than in January-October 2012. The volume of exports increased by 0.93 percent to $19.92 billion compared to the same period of 2012. The volume of import increased by 15.83 percent and hit $8.88 billion. Azerbaijan exported 1,915 products, and imported 5,960 different goods. As of Jan.-Oct. 2013, the nominal index of export exceeded import. This formed the foreign trade surplus to the amount of $11 billion.

As in previous periods, oil, gas and oil products were mainly exported from Azerbaijan in Jan.-Oct. 2013.

Main products exported from Azerbaijan

Name of the product

Jan.-Oct. 2013

Compared to Jan.-Oct. 2012, %

cost, thousand dollars

Share in export volume, %

Crude oil

16 865 858.94

84.66

99.95

Oil products

982 936.98

4.93

92.95

Natural gas

599 969.36

3.01

126.88

Fruits and vegetables

175 282.14

0.88

95.00

Oil and butter

185 513.17

0.93

104.55

Spirits and soft drink

25 331.94

0.13

157.33

Aluminum

68 817.02

0.35

87.09

Ferrous metals, tons

88 631.70

0.44

87.86

Raw cotton

21 381.04

0.11

212.14

Chemical products

46 027.21

0.23

35.12

Others

623 561.56

3.14

142.46

Source:Azerbaijani state customs committee

Most of Azerbaijan's exports as of Jan.-Oct. 2013 (84.66 percent) fell to the export of crude oil.The exports of crude oil decreased by 0.05 percent compared to Jan.-Oct. 2012.

The export of oil products decreased by 7.05 percent during this period. As of Jan.-Oct. 2013, around 4.93 percent of total exports from the country fell to the oil products.

Some 23.093 million tons of oil were transported via the Heydar Aliyev Baku-Tbilisi-Ceyhan (BTC) pipeline, 3.363 million tons - the Baku-Supsa pipeline, 1.495 million tons - via the Baku-Novorossiysk pipeline and 801,599 tons were shipped by rail to Baku-Batumi in January-October.

In January-October 2013 gas exports from Azerbaijan (control device data) hit ​​81.99 percent of export for entire 2012. As of January-October 2013, the share of gas in total exports amounted to 3.01 percent (3.09 percent a month earlier) compared to 2.71 percent for whole 2012.

According to the State Customs Committee, gas exports from the country amounted to 5.732 billion cubic meters in January -October 2013. Around 668.995 million cubic meters were exported in October compared to 627.794 million cubic meters in September.

Around 2.555.042 billion cubic meters of gas to the amount of $599.969 million were formalized upon the cargo customs declarations. The exports increased by 26.88 percent compared to the first 10 months of 2012. Around 190.819 million cubic meters of exported gas worth $42.055 million were formalized in October.

Azerbaijan exported chemical products to the amount of $46.02 million in January-October or by 64.88 percent less than in the same period of last year. The figure hits 0.23 percent of a total export volume.

In this period, the highest amount of export fell on Italy. Thus, during the reported period Azerbaijan exported commodities to Italy totaling $4.875 billion which makes up 24.47 percent of total exports. Mainly oil and oil products are exported to this country. Indonesia ($2.520 bln) and Thailand ($1.549 bln) hold leading positions. 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.

Russia ranks first on largest import volume ($1.278 billion) in Jan.-Oct. 2013. About 14.41 percent of the Azerbaijani imports fell to it. Turkey ranks second - $1.209 billion and Great Britain - third ($ 1.025 billion).

Most of Azerbaijan's imports or 25.15 percent in the reporting period fell to the import of machinery, equipment, electrical equipment and spare parts. The machinery and equipment worth $2.23 billion were imported in January-October or by 8.22 percent more than in the same period of last year.

Many vehicles and parts worth $1 billion (the share in the total imports - 13.91 percent) and wood and wooden goods - by $256.08 million (a 21.10 percent increase, the share in the total imports - 2.88 percent) were brought in the country.

Azerbaijan imported wheat flour to the amount of $17.56 million in January-October or 0.20 percent of total imports and exceeds the index of the same period of last year by nearly 13 times. According to the report, imports of wheat increased by 59.65 percent - up to $346.20 million per year or 3.90 percent of the total import volume of the country during this period.

Main products imported to Azerbaijan

Name of products

Jan.-Oct. 2013

Compared to Jan.-Oct. 2012, %

cost

(thousand dollars)

Share in import volume, %

Meat

11 504.99

0.13

80.05

Butter

18 251.26

0.21

68.38

Milk

7 348.87

0.08

130.03

Grain

346 209.19

3.90

159.65

Flour

17 564.24

0.20

1 369.89

Cars, mechanisms, electric goods, equipment

2 232 926.81

25.15

108.22

Vehicles and spare parts

1 235 143.14

13.91

98.34

Wood and wooden goods

256 086.85

2.88

121.10

Ferrous metals, tons

975 550.02

10.99

99.33

Furniture and its parts

74 936.07

0.84

103.64

Pharmaceutical goods

205 439.51

2.31

113.19

source: Azerbaijani state customs committee

According to the State Customs Committee, Azerbaijan's foreign trade turnover with CIS countries in Jan.-Oct. 2013 amounted to $3.342 billion or 11.6 percent of total volume of Azerbaijan's foreign trade turnover. Exports to the CIS countries for the period totaled $1.208 billion by increasing by 28.88 percent and imports - $2.133 billion by increasing by 24.04 percent. As a result, the country had a red ink in trading with them to the amount of $0.924 billion.

Thus, Azerbaijan's foreign trade turnover with EU countries amounted to $12.406 billion in January-October 2013, or 43.1 percent of the country's foreign trade turnover.

Around 45.3 percent of Azerbaijan's foreign trade turnover fell to the countries-non EU and CIS members in January-October or $13.045 billion.

In January-October Azerbaijani exports to the EU countries amounted to $9.393 billion, or 47.16 percent of total exports ($19.921 billion) amid a 1.48 percent decrease. Imports from EU ($3.012 billion) increased by 44.14 percent and hit 33.93 percent of total imports ($8.877 billion). As a result, the country had a trade surplus with the EU at the level of $6.381 billion or 57.8 percent of the country's trade surplus ($ 11.044 billion).

In January-October, exports to the countries-non EU and CIS members increased by 0.57 percent - up to $9.318 billion or 46.78 percent of total exports. Imports increased by 0.11 percent and hit $3.727 billion or 42.03 percent of all imports. As a result, the country received surplus worth $ 5.591 billion with these countries.

During this period, about 6,332 legal and physical entities were involved in foreign trade operations, including 3,616 - legal entities and 2,716 - physical entities.

The share of public sector in exports totaled $18.6 billion (93.35 percent), private sector - $1.157 billion (5.8 percent), the share of physical entities - $167.94 million (0.84 percent).

The share of public sector in import operations amounted to $2.22 billion (30.73 percent), the private sector - $5.72 billion (64.44 percent), physical entities -$424.01 million (2.1 percent).

Azerbaijan's trade operations with foreign countries in Jan.-Oct. 2013

Name of country

Export, thousand dollars

Compared to Jan.-Oct. 2012, %

Import, thousand dollars

Compared to Jan.-Oct. 2012, %

total

19 921 329.48

100.93

8 877 295.84

115.83

including

European countries:

9 393 958.18

98.52

3 012 263.23

144.14

Austria

253 884.37

182.17

79 579.72

76.17

Belgium

7 364.70

321.97

56 778.83

149.83

Bulgaria

118 932.64

25.24

16 369.44

79.83

Great Britain

297 808.79

127.12

1 025 350.03

256.11

Hungary

45.87

79.94

27 518.58

177.04

Germany

984 588.19

116.40

646 397.72

103.70

Greece

745 885.91

114.29

3 589.50

27.22

Denmark

259.67

14.66

21 023.75

145.90

Ireland

34 587.02

183.08 times

10 778.44

65.82

Spain

74 888.95

112.53

53 310.47

63.45

Italy

4 875 342.97

108.57

191 157.65

100.11

Cyprus

23 157.36

99.00

51 004.77

189.26

Latvia

1 802.36

32.29

7 663.49

110.04

Lithuania

1 965.15

89.96

16 820.15

91.01

Luxembourg

118.61

92.34

14 273.00

110.37

Malta

18.54

0.04

1 017.14

330.84

Netherlands

5 959.26

104.79

143 747.99

121.85

Poland

6 758.45

283.63

35 417.44

102.51

Portugal

525 708.80

216.29

1 635.71

63.10

Romania

87 979.36

175.19

26 043.41

125.15

Slovakia

3.95

75.79

21 463.67

100.27

Slovenia

9.64

77.52

10 019.60

223.56

Finland

7.59

18.74

49 495.61

117.17

France

917 191.47

65.37

387 250.91

280.67

Croatia

213 251.21

64.51

6 959.81

295.72

Czechia

215 881.95

42.20

63 435.61

90.81

Sweden

46.62

80.12

37 597.82

79.08

Estonia

508.75

147.96

6 562.96

493.82

Other countries:

9 318 440.63

100.57

3 731 346.22

100.11

Albania

0.00

0.00

0.19

0.40

Australia

148.87

0.48

9 820.90

173.94

Algeria

736.63

28.04

11.60

20.97

Anguilla

0.00

0.00

4 701.95

392.53

Angola

0.81

3.58

12.55

0.00

Andorra

0.00

0.00

715.35

65.78 times

Argentina

59.33

43.36 times

5 614.17

43.22

Aruba

1.97

3.26

0.00

0.00

Afghanistan

164 310.39

160.46

145.05

0.00

Bangladesh

4.74

0.00

32.04

92.80

Barbados

0.00

0.00

25.34

67.51

Bahrain

17.00

110.98

236.93

469.41

Belize

0.00

0.00

793.54

12.49 times

Bermuda Islands

15.93

41.01

0.00

0.00

Bosnia and Herzegovina

0.00

0.00

214.57

108.06

Brazil

269.50

115.04

324 375.70

214.34

Brunei Darussalam

0.00

0.00

0.04

0.75

Virgin islands (USA)

0.00

0.00

239.97

0.00

Virgin islands (Britain)

0.00

0.00

1 481.28

67.52

Vietnam

84 827.84

266.08 times

3 596.86

162.39

Venezuela

0.00

0.00

5 051.35

432.93 times

Gabon

0.00

0.00

0.37

0.46

Ghana

38.77

90.55

1.55

2.37

Gambia

0.00

0.00

0.05

0.00

Guinea

2.79

0.00

0.00

0.00

Hong Kong

2 160.00

105.39 times

777.15

32.12

Honduras

0.00

0.00

0.11

0.00

Georgia

405 252.24

88.52

107 782.53

111.07

Jabalia

0.00

0.00

377.82

87.59

Dominica

0.00

0.00

9.46

269.86

the Dominican Republic

0.00

0.00

11.44

34.51 times

Egypt

40 437.61

165.62

2 961.81

82.19

Zambia

0.00

0.00

109.40

85.00

Zimbabwe

0.10

0.00

30.14

11.86

Israel

1 007 052.16

63.10

12 381.64

21.97

India

868 478.95

61.90

42 283.25

67.55

Indonesia

2 520 948.11

176.30

23 324.57

68.22

Jordan

34.46

84.71

1 641.92

172.20

Iceland

12.27

61.28

492.78

90.34

Iraq

298 134.43

89.89

324.66

102.63

Iran

63 807.91

76.55

178 836.92

118.14

Yemen

113.82

206.00

1.83

29.26

Cayman Islands

13.24

149.16

0.00

0.00

Cambodia

0.00

0.00

80.42

111.29 times

Canada

23.01

0.27

11 794.31

51.27

Cameroon

0.00

0.00

98.08

27.24 times

Qatar

1 597.64

252.97

354.01

27.14

Kenya

0.00

0.00

94.94

194.44

China

30 353.42

17.00

493 750.98

97.47

Columbia

1.44

3.21

784.29

30.42 times

Congo

0.00

0.00

36.60

0.00

Korea

0.00

0.00

0.37

3.71

Korean Republic

34 126.06

67,69 times

202 957.51

98.22

Costa Rica

0.00

0.00

150.52

87.60

Cuba

0.00

0.00

7.89

0.15

Kuwait

9.08

68.47

40.38

22.73

Lebanon

58.80

0.19

829.42

320.54

Libya

166 272.34

171.94

565.65

105.38 times

Liechtenstein

0.00

0.00

3.15

18.64

Madagascar

0.00

0.00

4.68

206.22

Macedonia

15.24

0.00

40.25

10.14

Malawi

0.00

0.00

232.86

47.95

Malaysia

49.02

0.02

28 531.11

155.18

Morocco

62 388.71

0.00

15.47

0.23

Mexico

4.69

0.86

5 575.00

164.23

Mozambique

0.00

0.00

20.79

520.76

Mongolia

364.85

86.52

0.00

0.00

Montenegro

11.46

510.02

0.39

4.59

Isle of Man

33.57

0.00

0.00

0.00

Nepal

0.00

0.00

3.75

71.30

Nigeria

1.06

3.25

0.75

0.00

Niue (New Zealand)

0.00

0.00

40.72

35.95 times

New Zealand

145.01

121.04

13 281.34

82.52

Norway

660.56

26.44

28 739.33

203.36

the United Arab Emirates (UAE)

5 944.97

62.24

79 376.31

89.16

Oman

4 425.96

258.94

124.74

90.21

Pakistan

28.26

10.98 times

948.08

126.42

Palau

0.00

0.00

39.96

0.00

Panama

778.05

277.37

9 982.57

50.69

Peru

0.17

1.66

44.81

82.80

Puerto Rico (USA)

0.00

0.00

20.07

17.72

Rwanda

0.00

0.00

0.84

18.52

El Salvador

0.00

0.00

2.01

0.00

Saudi Arabia

44.46

211.90

27 279.77

137.02

San Marino

0.00

0.00

35.64

2.72

Swaziland

0.00

0.00

0.73

0.00

Serbia

8.08

49.97

4 817.79

22.37

the Seychelles

0.00

0.00

3 401.29

484.44

Singapore

193.04

0.08

43 342.37

265.30

Syria

0.00

0.00

166.65

34.36

United States of America (USA)

877 165.47

70.13

311 522.64

52.12

Sudan

5.22

0.00

130.60

0.00

Sierra Leone

6.75

8.05

0.00

0.00

Taiwan

467 306.29

72.32

17 220.30

66.76

Thailand

1 549 662.30

658.95

18 750.08

84.03

Togo

42.38

0.00

0.00

0.00

Trinidad and Tobago

21.79

50.01

1.02

6.23

Tunis

136 259.93

55.11

338.01

4.18

Turkey

435 002.08

83.92

1 209 179.87

103.78

Faeroe Islands

0.00

0.00

48.37

0.00

the Fiji Islands

0.00

0.00

79.42

0.00

the Philippines

0.00

0.00

316.32

168.62

Chili

0.00

0.00

1 195.93

395.72

Switzerland

65 054.37

98.07

130 545.18

129.58

Sri-Lanka

0.00

0.00

13 981.21

128.79

Uruguay

0.00

0.00

614.15

64.22

Ecuador

0.00

0.00

6 758.97

47.35

South African Republic

15.50

361.26

74 595.55

33.08 times

Jamaica

0.00

0.00

2 747.24

58.45

Japan

22 562.15

59,67 times

257 283.95

124.27

Others

917.55

123.87

0.00

0.00

CIS countries:

1 208 930.67

128.88

2 133 686.39

115.50

Belarus

8 637.81

89.78

64 815.28

111.98

Kazakhstan

48 476.86

126.86

262 598.82

98.51

Kyrgyzstan

10 568.21

273.17

1 314.95

65.03

Moldova

183.69

79.19

3 669.14

67.07

Uzbekistan

8 470.36

76.03

4 624.65

87.03

Russia

897 574.92

125.05

1 278 801.48

119.72

Tajikistan

4 826.53

12.29

0.00

0.00

Turkmenistan

33 491.13

69.93

43 715.99

158.21

Ukraine

196 701.16

280.86

474 146.07

114.49

source: Azerbaijani state customs committee

Bulk of calculations in Azerbaijan's trade turnover made via FCC - state committee
Bulk of calculations in Azerbaijan's trade turnover made via FCC - state committee
Azerbaijani Finance Ministry places medium-term bonds on auction
Azerbaijani Finance Ministry places medium-term bonds on auction
Number of client accounts in Azerbaijani banks increasing
Number of client accounts in Azerbaijani banks increasing
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