The foreign trade turnover with 112 world countries amounted to 4.968 billion in January-February 2014, or 11.56 percent less than in January-February 2013. The volume of exports decreased by 9.69 percent and amounted to $3.78 billion compared to January-February 2013. The volume of import decreased by 17.01 percent and amounted to $1.19 billion. Azerbaijan exported 912 goods and imported 3,955 different goods. As of January-February 2014, the nominal index of export exceeded import. This formed the foreign trade surplus to the amount of $2.6 billion.
As in previous periods, oil, gas and oil products were mainly exported from Azerbaijan in January-February 2014.
Main products exported from Azerbaijan
Name of the product |
January-February 2014 |
Compared to January-February 2013, % |
|
cost, thousand dollars |
Share in export volume, % |
||
Crude oil |
3 268 705,05 |
86,51 |
92,37 |
Oil products |
169 796,46 |
4,49 |
89,80 |
Natural gas |
108 652,56 |
2,88 |
57,53 |
Fruits and vegetables |
16 576,22 |
0,44 |
113,40 |
Oil and butter |
46 766,49 |
1,24 |
98,54 |
Spirits and soft drink |
3 049,02 |
0,08 |
64,95 |
Aluminum |
12 931,16 |
0,34 |
95,68 |
Ferrous metals, tons |
7 561,35 |
0,20 |
40,21 |
Raw cotton |
1 821,57 |
0,05 |
37,49 |
Chemical products |
8 701,63 |
0,23 |
88,38 |
Others |
79 130,62 |
2,09 |
84,07 |
Source: Azerbaijani state customs committee
Most of Azerbaijan's exports as of January-February 2014 (86.51 percent) fell to the export of crude oil. The exports of crude oil decreased by 7.63 percent compared to January-February 2013. The export of oil products decreased by 10.2 percent during this period. Around 4.49 percent of total exports from the country fell to the oil products in January-February 2014.
Some 4,283,018 million tons of oil were transported via the Heydar Aliyev Baku-Tbilisi-Ceyhan (BTC) pipeline, 713,803 tons - the Baku-Supsa pipeline, 209,452 tons - via the Baku-Novorossiysk pipeline and 156,628 tons were shipped by rail to Baku-Batumi in January-February.
As of January-February 2014, the share of gas accounted for 2.88 percent of the total volume of the country's export compared to 2.93 percent in 2013.
According to the gas meters, gas export from the country amounted to 5.36 billion cubic meters compared to 7.29 billion cubic meters during 2013. In February, the export amounted to 4.46 billion cubic meters compared to 930.924 million cubic meters in January.
Around 556.8 million cubic meters of gas worth of $108.65 million were formalized upon the cargo customs declarations in January-February compared to 3,035,062 million cubic meters of gas worth of 701.98 million in 2013.
Some 266.994 million cubic meters worth $47.22 million were registered in February compared to 289.801 million cubic meters worth $61.432 million in January.
As for the rest exported goods, Azerbaijan exported agricultural products in abundance in January-February 2014. Fruits and vegetables to the amount of $ 16.6 million were exported to other countries during the period or 13.4 percent more than in January-February 2013.
In this period, the highest amount of export fell on Italy. Thus, during this period Azerbaijan exported goods totaling $955.49 million to Italy which makes up 25.3 percent of a total export volume. Mainly oil and oil products are exported to this country. Indonesia ($499.2 million) and Germany ($440.1 million) 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.
Turkey ranks first on largest import volume ($198.8 million) in January-February 2014. About 16.71 percent of the Azerbaijani imports fell to it. Russia ranks second - $168.2 million and Germany - third ($95.7 million).
Most of Azerbaijan's imports or 30.84 percent in the reporting period fell to the import of machinery, equipment, electrical equipment and spare parts. The machinery and equipment worth $367.01 million were imported in January-February 2014 or by 16.21 percent less than in January-February 2013.
Import of ferrous metals ranks second in terms of the volume of import to the country. The share of this product in the total volume of import to the country amounted to 10.54 percent in January-February. This volume totaled 125.37 million manat in nominal terms.
Many vehicles and parts worth $108.15 million (the share in the total import volume - 9.09 percent) were brought in the country.
The import of butter significantly increased in January-February (by 25.68 percent compared to January-February 2013) which is related to insufficient domestic production of butter.
Main products imported to Azerbaijan
Name of products |
January-February 2014 |
Compared to January-February 2013, % |
|
cost (thousand dollars) |
Share in import volume, % |
||
Meat |
1 609.96 |
0.14 |
49.77 |
Butter |
2 950.08 |
0.25 |
125.68 |
Milk |
1 217.72 |
0.10 |
79.10 |
Grain |
51 542.47 |
4.33 |
100.76 |
Cars, mechanisms, electric goods, equipment |
367 014.44 |
30.84 |
83.79 |
Vehicles and spare parts |
108 151.41 |
9.09 |
93.53 |
Wood and wooden goods |
19 537.75 |
1.64 |
42.93 |
Ferrous metals, tons |
125 375.97 |
10.54 |
61.26 |
Furniture and its parts |
10 896.66 |
0.92 |
122.33 |
Pharmaceutical goods |
33 755.32 |
2.84 |
105.42 |
Source: Azerbaijani state customs committee
According to the State Customs Committee, Azerbaijan's foreign trade turnover with CIS countries in January-February 2014 amounted to $402.287 million or 8.09 percent of total volume of Azerbaijan's foreign trade turnover. Exports to the CIS countries for the period totaled $113.997 million (3.02 percent of the total export volume) by decreasing by 49.44 percent and imports - $288.290 million (24.23 percent) by decreasing by 23.06 percent. As a result, the country had a red ink in trading with them to the amount of $0.174 billion.
The non-EU and non-CIS countries (earlier the main partners of the country) formed Azerbaijan's foreign trade turnover ($4.968 billion) to the amount of 42.49 percent in January-February or $2.110.904 billion, while the EU countries - 49.42 percent ($2.455.198 billion).
In January-February 2014 Azerbaijan's exports to the EU countries amounted to $2.073.936 billion, or 54.89 percent of a total export volume ($3.778 billion) amid a 8.86 percent increase. Imports from EU ($381.261 million) dropped by 4.77 percent and amounted to 32.04 percent of a total import volume ($1.189 billion). As a result, the country had a black ink of trade balance with the EU at the level of $1.692 billion or 65.4 percent of the country's foreign trade surplus ($2.588 billion).
In January-February 2014, exports to non-EU and non-CIS countries decreased by 22.53 percent - up to $1.590.574 billion or 42.09 percent of a total export volume. Imports decreased by 21.02 percent and hit $520.330 million or 43.73 percent of all imports. As a result, the country received black ink worth $1.070 billion with these countries.
During this period, about 2,480 legal and physical entities were involved in foreign trade operations, including 1,879 - legal entities and 601 - physical entities.
The share of public sector in exports totaled $3.56 billion (94.99 percent), private sector - $179.83 million (4.76 percent), the share of physical entities - $9.41 million (0.25 percent).
The share of public sector in import operations amounted to $243.87 million (20.5 percent), the private sector - $906.99 million (76.23 percent), physical entities -$39.02 million (3.27 percent).
Azerbaijan's trade operations with foreign countries in January-February 2014
Country name |
Export, thousand dollars |
Compared to January-February 2013, % |
Import, thousand dollars |
Compared to import in January-February 2013, % |
Total |
3 778 508.42 |
90.31 |
1 189 881.43 |
82.99 |
Including |
||||
European countries, total |
2 073 936.83 |
108.86 |
381 261.28 |
95.23 |
Austria |
68 259.04 |
58.92 |
16 251.76 |
93.16 |
Belgium |
207.82 |
18.00 |
13 229.89 |
102.78 |
Bulgaria |
10.12 |
0.02 |
2 978.86 |
153.60 |
Great Britain |
983.03 |
0.87 |
86 577.44 |
80.01 |
Hungary |
172.40 |
0.00 |
4 912.07 |
121.89 |
Germany |
440 123.81 |
422.23 |
95 735.67 |
95.55 |
Greece |
0.00 |
0.00 |
590.45 |
75.02 |
Denmark |
171.84 |
1111.99 times |
2 565.56 |
90.44 |
Ireland |
0.01 |
0.00 |
2 219.43 |
136.62 |
Spain |
0.00 |
0.00 |
7 056.06 |
106.65 |
Italy |
955 495.91 |
97.58 |
30 089.17 |
125.23 |
Cyprus |
0.00 |
0.00 |
240.24 |
0.97 |
Latvia |
0.00 |
0.00 |
1 588.24 |
148.35 |
Lithuania |
80.91 |
12.14 |
1 351.43 |
34.59 |
Luxemburg |
0.31 |
0.00 |
505.84 |
36.53 |
Malta |
12 859.77 |
0.00 |
58.28 |
9.01 |
Netherlands |
4 655.65 |
620.98 |
27 464.43 |
123.51 |
Poland |
3 296.73 |
22.87 times |
9 971.90 |
134.31 |
Portugal |
117 506.80 |
51.71 |
453.20 |
199.87 |
Romania |
70 765.60 |
99.92 |
4 102.74 |
175.53 |
Slovakia |
0.00 |
0.00 |
4 015.26 |
100.91 |
Slovenia |
0.00 |
0.00 |
1 883.58 |
182.20 |
Finland |
0.00 |
0.00 |
27 201.41 |
260.65 |
France |
334 382.10 |
307.64 |
27 507.98 |
99.98 |
Croatia |
0.00 |
0.00 |
2 437.46 |
416.68 |
Czech Republic |
64 964.98 |
174.01 |
6 893.22 |
118.87 |
Sweden |
0.00 |
0.00 |
2 347.21 |
36.61 |
Estonia |
0.00 |
0.00 |
1 032.51 |
15.91 times |
Other countries, total |
1 590 574.01 |
77.47 |
520 330.04 |
78.98 |
Albania |
0.00 |
0.00 |
1.46 |
0.00 |
Australia |
87.12 |
181.09 |
452.91 |
29.70 |
Algeria |
0.00 |
0.00 |
76.57 |
858.09 |
Anguilla |
0.00 |
0.00 |
188.23 |
104.47 |
Angola |
0.81 |
3.58 |
12.55 |
0.00 |
Andorra |
0.00 |
0.00 |
720.39 |
66.25 times |
Argentina |
25.52 |
0.00 |
1 822.84 |
158.77 |
Aruba |
1.97 |
2.35 |
0.00 |
0.00 |
Afghanistan |
38 782.46 |
190.40 |
0.00 |
0.00 |
Bangladesh |
0.00 |
0.00 |
38.50 |
14.56 times |
Barbados |
0.00 |
0.00 |
195.52 |
0.00 |
Bahrain |
17.00 |
110.98 |
261.31 |
511.91 |
Belize |
0.00 |
0.00 |
2 254.64 |
763.92 times |
Bermuda islands |
26.11 |
62.01 |
0.00 |
0.00 |
Bosnia and Herzegovina |
0.00 |
0.00 |
12.18 |
232.46 |
Brazil |
51.17 |
61.84 |
27 327.06 |
251.27 |
Brunei Darussalam |
5.59 |
209.52 |
0.04 |
0.75 |
Virgin Islands (Great Britain) |
0.00 |
0.00 |
100.01 |
30.14 |
Vietnam |
0.00 |
0.00 |
782.59 |
122.15 |
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 |
153.85 |
14.25 |
96.79 |
70.17 |
Honduras |
0.00 |
0.00 |
0.11 |
0.00 |
Georgia |
108 947.02 |
121.17 |
16 786.00 |
115.43 |
Guam (U.S) |
0.00 |
0.00 |
1.67 |
0.00 |
Jabalia |
0.00 |
0.00 |
471.55 |
98.63 |
Dominique |
0.00 |
0.00 |
5.94 |
0.00 |
Dominican Republic |
0.00 |
0.00 |
5.86 |
0.00 |
Egypt |
15 381.97 |
537.75 times |
130.51 |
169.86 |
Zambia |
0.00 |
0.00 |
109.40 |
31.48 |
Zimbabwe |
0.10 |
0.00 |
30.14 |
11.86 |
Israel |
217 613.08 |
299.37 |
1 050.27 |
79.90 |
India |
118 409.02 |
39.32 |
4 572.12 |
63.60 |
Indonesia |
499 175.34 |
183.29 |
7 154.69 |
25.40 times |
Jordan |
0.00 |
0.00 |
113.71 |
24.40 |
Iceland |
0.00 |
0.00 |
24.48 |
42.63 |
Iraq |
53 212.80 |
63.09 |
34.37 |
0.00 |
Iran |
4 912.11 |
35.15 |
28 266.14 |
98.65 |
Yemen |
113.82 |
105.85 |
1.83 |
29.26 |
Cayman Islands |
13.24 |
149.16 |
0.00 |
0.00 |
Cambodia |
0.00 |
0.00 |
4.96 |
0.00 |
Canada |
21.02 |
0.00 |
7 008.86 |
644.51 |
Cameroon |
0.00 |
0.00 |
98.08 |
27.24 times |
Qatar |
5.31 |
0.00 |
4.68 |
50.11 |
Kenya |
0.00 |
0.00 |
0.31 |
0.33 |
China |
8 283.29 |
213.54 |
94 402.83 |
130.44 |
Columbia |
1.44 |
3.15 |
785.83 |
387.99 |
Congo |
15.69 |
101.34 |
36.60 |
0.00 |
Democratic People's Republic of Korea |
0.00 |
0.00 |
31 014.04 |
77.09 |
Republic of Korea |
0.00 |
0.00 |
10 828.24 |
43.98 |
Costa-Rica |
0.00 |
0.00 |
8.61 |
141.05 |
Ivory Coast |
0.00 |
0.00 |
5.40 |
148.51 |
Cuba |
0.00 |
0.00 |
7.89 |
0.15 |
Kuwait |
0.00 |
0.00 |
0.32 |
0.00 |
Lebanon |
11.90 |
0.00 |
312.72 |
354.37 |
Libya |
166 272.34 |
116.72 |
874.40 |
162.90 times |
Liechtenstein |
0.00 |
0.00 |
3.15 |
18.64 |
Madagascar |
0.00 |
0.00 |
6.62 |
173.07 |
Macedonia |
0.00 |
0.00 |
5.32 |
82.22 |
Malawi |
0.00 |
0.00 |
232.86 |
43.21 |
Malaysia |
4.08 |
0.00 |
734.38 |
11.15 |
Morocco |
0.00 |
0.00 |
11.70 |
149.23 |
Martinique |
0.00 |
0.00 |
0.04 |
0.00 |
Marshall islands |
0.00 |
0.00 |
88.94 |
88.94 times |
Mexico |
9.41 |
263.88 |
1 624.28 |
125.23 |
Mozambique |
0.00 |
0.00 |
13.37 |
0.00 |
Mongolia |
82.56 |
78.67 |
41.04 |
0.00 |
Montenegro |
11.46 |
510.02 |
0.39 |
4.59 |
Isle of Man |
0.00 |
0.00 |
0.48 |
0.00 |
Nepal |
0.00 |
0.00 |
5.95 |
113.09 |
Nigeria |
17.26 |
53.10 |
0.75 |
0.00 |
Niue (New Zealand) |
0.00 |
0.00 |
291.19 |
69.18 times |
New Zealand |
0.00 |
0.00 |
2 337.80 |
190.55 |
Norway |
7.70 |
15.16 |
1 756.62 |
96.94 |
United Arab Emirates (UAE) |
359.49 |
47.00 |
7 909.18 |
68.94 |
Oman |
0.00 |
0.00 |
9.53 |
35.11 |
Pakistan |
38.27 |
0.00 |
81.66 |
38.21 |
Palau |
0.00 |
0.00 |
39.96 |
0.00 |
Panama |
862.50 |
0.00 |
7.39 |
0.00 |
Papua New Guinea |
2.11 |
234.59 |
0.00 |
0.00 |
Paraguay |
0.00 |
0.00 |
13.18 |
0.00 |
Peru |
0.17 |
1.66 |
57.31 |
76.69 |
Puerto Rico (USA) |
0.00 |
0.00 |
0.01 |
0.69 |
Rwanda |
0.00 |
0.00 |
0.84 |
18.52 |
Salvador |
0.00 |
0.00 |
2.01 |
0.00 |
Saudi Arabia |
4.26 |
41.59 |
2 119.94 |
22.14 |
San Marino |
0.00 |
0.00 |
13.53 |
0.00 |
Swaziland |
0.00 |
0.00 |
0.73 |
0.00 |
Serbia |
0.00 |
0.00 |
950.35 |
387.24 |
Seychelles |
0.00 |
0.00 |
58.44 |
0.00 |
Singapore |
41.82 |
0.00 |
4 777.87 |
44.09 |
Syria |
0.00 |
0.00 |
65.01 |
156.33 |
United States of America (USA) |
543.08 |
0.23 |
39 610.22 |
74.59 |
Sudan |
5.22 |
46.40 |
130.60 |
0.00 |
Sierra-Leone |
7.00 |
0.00 |
0.00 |
0.00 |
Taiwan |
331 407.27 |
142.40 |
676.96 |
11.61 |
Thailand |
113 919.69 |
24.11 |
2 461.43 |
61.97 |
Togo |
42.38 |
0.00 |
0.00 |
0.00 |
Trinidad and Tobago |
46.08 |
105.75 |
1.02 |
6.23 |
Tunisia |
0.00 |
0.00 |
5.84 |
43.04 |
Turkey |
67 847.18 |
67.98 |
198 885.00 |
110.06 |
Faroe Islands |
0.00 |
0.00 |
48.37 |
0.00 |
Fiji |
0.00 |
0.00 |
79.42 |
0.00 |
Philippines |
0.00 |
0.00 |
61.17 |
119.73 |
Chile |
0.00 |
0.00 |
86.63 |
105.96 |
Switzerland |
9 580.11 |
77.67 |
8 682.90 |
13.11 |
Sri-Lanka |
0.00 |
0.00 |
1 960.91 |
64.39 |
Uganda |
37.12 |
0.00 |
0.00 |
0.00 |
Uruguay |
0.00 |
0.00 |
984.31 |
562.07 times |
Ecuador |
0.00 |
0.00 |
1 265.89 |
153.23 |
South African Republic |
42.10 |
0.00 |
131.72 |
3.30 |
Jamaica |
0.00 |
0.00 |
3 069.06 |
1345.02 times |
Japan |
559.51 |
2.53 |
15 657.89 |
14.24 |
Others |
146.00 |
125.69 |
0.00 |
0.00 |
CIS countries, total: |
113 997.58 |
50.56 |
288 290.11 |
76.94 |
Belarus |
644.44 |
34.37 |
7 633.77 |
108.22 |
Kazakhstan |
8 185.00 |
107.12 |
33 491.35 |
69.25 |
Kyrgyzstan |
1 814.97 |
126.11 |
228.31 |
164.27 |
Moldova |
0.00 |
0.00 |
1 037.30 |
172.63 |
Uzbekistan |
7 383.21 |
14.36 times |
3 562.22 |
256.63 |
Russia |
89 576.21 |
45.58 |
168 223.97 |
73.72 |
Tajikistan |
38.00 |
2.71 |
185.82 |
0.00 |
Turkmenistan |
1 391.88 |
22.16 |
833.50 |
28.63 |
Ukraine |
4 963.87 |
50.76 |
73 093.86 |
84.93 |
source: Azerbaijani state customs committee