Foreign trade of Azerbaijan (January-March 2014)

The foreign trade turnover with 116 world countries amounted to $7.14 billion in January-March 2014, or 16.54 percent less than in January-March, 2013. The volume of exports decreased by 15.26 percent and amounted to $5.38 billion compared to the first quarter of 2013. The volume of import decreased by 20.23 percent and amounted to $1.76 billion. Azerbaijan exported 1,093 goods and imported 4,372 different goods. As of January-March 2014, the nominal index of export exceeded import. This formed the foreign trade surplus to the amount of $1.02 billion.

As in previous periods, oil, gas and oil products were mainly exported from Azerbaijan in January-March 2014.

Main products exported from Azerbaijan

Products

January-March 2014

Compared to January-March 2013, %

cost, thousand dollars

Share in export volume, %

Crude oil

4 562 999,69

84,86

86,40

Oil products

279 386,60

5,20

87,45

Natural gas

145 954,80

2,71

51,03

Fruits and vegetables

20 309,63

0,38

116,43

Oil and butter

66 142,05

1,23

105,94

Spirits and soft drink

5 279,67

0,10

74,48

Aluminum

19 102,14

0,36

86,66

Ferrous metals, tons

10 693,99

0,20

32,98

Raw cotton

2 847,79

0,05

40,27

Chemical products

13 128,92

0,24

82,29

Others

162 034,73

3,00

81,02

Source: Azerbaijani state customs committee

Most of Azerbaijan's exports as of January-March 2014 (84.86 percent) fell to the export of crude oil. The exports of crude oil decreased by 13.6 percent compared to January-March 2013. The export of oil products decreased by 12.55 percent during this period. Around 5.20 percent of total exports from the country fell to the oil products in January-March 2014.

Some 6,513,600 tonnes of oil were transported via the Heydar Aliyev Baku-Tbilisi-Ceyhan (BTC) pipeline, 1,080,600 tonnes - the Baku-Supsa pipeline, 254,260 tonnes - via the Baku-Novorossiysk pipeline and 244,210 tonnes were shipped by rail to Baku-Batumi in January-March.

The volume of gas exported from Azerbaijan in Jan.-March accounted for 18.9 percent of the gas export in the first quarter of 2013, according to gas meters. Gas export from the country amounted to 2.4 billion cubic meters compared to 7.3 billion cubic meters during 2013, according to the gas meters. The export amounted to 737.2 million cubic meters in March, compared to 730.4 million cubic meters in February.

Around 821.6 million cubic meters of gas worth of $146 million were formalized upon the cargo customs declarations in January-March, compared to 3.03 billion cubic meters of gas worth of $702 million in 2013. Some 264.8 million cubic meters worth $37.3 million were registered in March, compared to 267 million cubic meters worth $47.2 million in February.

The physical export of gas fell by 33.11 percent, while the financial export dropped by 49 percent in Jan.-March, compared to the first quarter of 2013.

The export price of gas totaled $177.65 in 2014, versus $229.03 per 1,000 cubic meters during 2013. The export price of gas amounted to $140.87 in March.

In this period, the highest amount of export fell on Italy. Thus, during this period Azerbaijan exported goods totaling $1.394.33 billion to Italy which makes up 25.93 percent of a total export volume. Mainly oil and oil products are exported to this country. Indonesia ($766.27 million) and Germany ($575.77 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.

Russia ranks first on largest import volume ($278.43 million) in January-March 2014. About 15.78 percent of the Azerbaijani imports fell to it. Turkey ranks second - $267.23 million and Germany - third ($157.14 million).

Most of Azerbaijan's imports or 27.94 percent in the reporting period fell to the import of machinery, equipment, electrical equipment and spare parts. The machinery and equipment worth $492.86 million were imported in January-March 2014 or by 23.27 percent less than in January-March 2013.

Many vehicles and parts worth $185.62 million (the share in the total import volume -10.52 percent) were brought in the country.

Around 22,511 cars were imported to Azerbaijan in Jan.-March, versus 21,379 in the same period of 2013. Some 20,305 of the total number of vehicles fell to cars and motor vehicles provided for the transportation of people. This figure amounted to 19,446 in the first quarter of 2013.

Import of ferrous metals ranks third 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 9.96 percent in January-March. This volume totaled 175.72 million manat in nominal terms.

The import of butter significantly increased in January-March (by 44.10 percent compared to January-March 2013) which is related to insufficient domestic production of butter.

Main products imported to Azerbaijan

Name of products

January-March 2014

Compared to January-March 2013, %

cost

(thousand dollars))

Share in import volume, %

Meat

4 352,65

0,25

82,92

Butter

5 162,07

0,29

144,10

Milk

1 623,22

0,09

69,89

Grain

69 373,15

3,93

87,55

Cars, mechanisms, electric goods, equipment

492 862,95

27,94

76,73

Vehicles and spare parts

185 625,40

10,52

84,22

Wood and wooden goods

30 306,12

1,72

46,31

Ferrous metals, tons

175 720,59

9,96

59,09

Furniture and its parts

16 972,66

0,96

116,26

Pharmaceutical goods

47 940,44

2,72

108,88

Source: Azerbaijani state customs committee

Azerbaijan's foreign trade turnover with CIS countries in January-March 2014 amounted to $642.4 million or nine percent of total volume of Azerbaijan's foreign trade turnover, according to the State Customs Committee. Exports to the CIS countries for the period totaled $179.4 million (3.34 percent of the total export volume) by decreasing by 50.58 percent and imports - $462.97 million (26.24 percent) by decreasing by 17.48 percent. As a result, the country had a red ink in trading with them to the amount of $0.3 billion.

The non-EU and non-CIS countries (earlier the main partners of the country) formed Azerbaijan's foreign trade turnover ($7.141 billion) to the amount of 45.15 percent in January-March or $3,224,492, while the EU countries - 45.85 percent ($3,274,738).

In January-March 2014, Azerbaijan's exports to the EU countries amounted to $2,721,810,000, or 50.62 percent of a total export volume amid a 9.91 percent decrease. Imports from EU ($552.93 million) dropped by 10.74 percent and amounted to 31.31 percent of a total import volume. As a result, the country had a black ink of trade balance with the EU at the level of $2.2 billion or 60.02 percent of the country's foreign trade surplus ($3.613 billion).

In January-March, 2014, exports to non-EU and non-CIS countries decreased by 17.71 percent - up to $2.476.14 billion or 46.05 percent of a total export volume. Imports decreased by 27.42 percent and hit $748.36 million or 42.42 percent of all imports. As a result, the country received black ink worth $1.727 billion with these countries.

During this period, about 3,036 legal and physical entities were involved in foreign trade operations, including 2,220- legal entities and 816 - physical entities.

The share of public sector in exports totaled $5.1 billion (94.8 percent), private sector - $268.17 million (4.99 percent), the share of physical entities - $11.37 million (0.21 percent).

The share of public sector in import operations amounted to $389.77 million (22.1 percent), the private sector - $.1.31 billion (74.2 percent), physical entities -$63.33 million (3.7 percent).

Azerbaijan's trade operations with foreign countries in January-March 2014

Country name

Export, thousand dollars

Compared to January-March 2013, %

Import, thousand dollars

Compared to import in January-March 2013, %

Total

5 377 340.50

84.74

1 764 258.66

79.77

Including

European countries, total

2 721 807.74

91.09

552 930.76

89.26

Austria

126 922.01

109.56

18 544.64

94.66

Belgium

223.08

19.32

15 862.12

90.47

Bulgaria

10.12

0.02

10 772.23

382.96

Great Britain

1 283.13

1.14

112 429.71

57.46

Hungary

172.40

0.00

4 912.07

121.89

Germany

575 779.36

150.20

157 149.73

100.68

Greece

0.00

0.00

590.45

75.02

Denmark

180.75

1169.70 times

4 248.58

130.07

Ireland

0.01

0.00

3 070.85

137.43

Spain

27.20

1.96

12 309.78

117.38

Italy

1 394 337.63

94.63

40 008.28

100.62

Cyprus

0.00

0.00

262.51

1.02

Latvia

151.20

25.12

2 034.31

112.23

Lithuania

114.45

16.84

1 756.24

37.30

Luxemburg

0.31

0.00

616.78

31.59

Malta

172.40

0.00

6 373.01

116.59

Netherlands

12 859.77

0.00

58.28

9.01

Poland

4 798.20

833.18

13 185.23

133.90

Portugal

117 506.80

51.71

623.43

136.21

Romania

70 884.90

92.80

16 853.24

329.33

Slovakia

0.00

0.00

6 893.29

119.98

Slovenia

0.00

0.00

2 539.85

132.98

Finland

0.00

0.00

32 411.38

271.77

France

334 520.64

160.95

35 658.50

91.79

Croatia

0.00

0.00

6 153.76

749.40

Czech Republic

76 542.19

52.14

10 041.81

78.10

Sweden

7.71

0.00

5 695.10

66.53

Estonia

27.55

31.53

1 060.91

39.61

Other countries, total

2 476 135.86

82.69

748 357.10

72.58

Albania

0.00

0.00

2.39

12.84 times

Australia

87.32

181.50

899.89

38.31

Algeria

0.00

0.00

76.57

858.09

Anguilla

0.00

0.00

546.02

285.54

Angola

0.81

3.58

12.55

0.00

Andorra

0.00

0.00

720.39

66.25 times

Argentina

25.52

11.39 times

2 646.64

143.34

Aruba

1.97

2.35

0.00

0.00

Afghanistan

58 966.92

198.71

0.00

0.00

Bahamas

20 662.87

0.00

0.30

0.00

Bangladesh

0.00

0.00

42.18

10.06 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

Bolivia

1.88

0.00

0.00

0.00

Bosnia and Herzegovina

0.00

0.00

150.26

290.54

Brazil

51.17

61.84

45 556.23

92.25

Brunei Darussalam

5.59

209.52

0.04

0.75

Virgin Islands (Great Britain)

0.00

0.00

110.86

27.01

Vietnam

0.00

0.00

1 034.45

114.53

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

9.50

127.27

43.95

Honduras

0.00

0.00

0.11

0.00

Georgia

159 463.36

97.51

23 456.83

91.99

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

189.22

Dominican Republic

0.00

0.00

5.86

69.41

Egypt

15 401.85

72.89

693.81

88.11

Zambia

0.00

0.00

109.40

31.48

Zimbabwe

0.10

0.00

30.14

11.86

Israel

437 699.13

202.92

1 985.73

90.61

India

218 519.18

72.44

7 490.27

69.70

Indonesia

766 272.63

132.34

8 442.87

255.21

Jordan

0.00

0.00

195.18

36.62

Iceland

0.00

0.00

175.15

280.95

Iraq

78 568.58

66.16

34.37

0.00

Iran

10 144.36

48.89

37 195.17

91.39

Yemen

113.82

105.85

1.83

29.26

Cayman Islands

13.24

149.16

0.00

0.00

Cambodia

0.00

0.00

5.29

0.00

Canada

613.16

0.00

7 964.72

323.02

Cameroon

0.00

0.00

98.08

27.24 times

Qatar

5.31

0.00

4.68

2.97

Kenya

0.00

0.00

0.31

0.33

China

12 661.89

186.47

135 701.66

92.31

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

48 432.81

76.21

Costa-Rica

0.00

0.00

19.44

70.15

Ivory Coast

0.00

0.00

5.40

148.51

Cuba

0.00

0.00

7.89

0.15

Kuwait

0.00

0.00

58.26

0.00

Curacao

0.00

0.00

13.95

0.00

Lebanon

11.90

0.00

507.52

256.36

Libya

25 760.00

34.53

20.67

0.00

Liechtenstein

0.00

0.00

3.15

18.64

Mauritius

0.00

0.00

0.64

0.00

Madagascar

0.00

0.00

6.62

173.07

Macedonia

0.00

0.00

10.26

91.22

Malawi

0.00

0.00

232.86

43.21

Malaysia

352.86

0.00

1 179.54

5.96

Morocco

0.00

0.00

11.73

149.71

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

1 899.83

117.01

Mozambique

0.00

0.00

25.18

0.00

Mongolia

82.56

53.30

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

20.93

39.64

4 019.36

193.40

Norway

46.36

90.11

2 426.67

102.25

United Arab Emirates (UAE)

475.32

55.17

10 766.49

53.69

Oman

0.00

0.00

26.50

97.67

Pakistan

38.27

0.00

131.12

44.58

Palau

0.00

0.00

39.96

0.00

Panama

1 552.50

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

0.00

0.00

39.28

178.16

Puerto Rico (USA)

0.00

0.00

1.31

91.13

Rwanda

0.00

0.00

0.84

18.52

Salvador

0.00

0.00

2.01

0.00

Saudi Arabia

4.26

41.59

2 281.92

19.43

San Marino

0.00

0.00

20.13

745.24

Swaziland

0.00

0.00

0.73

0.00

Serbia

0.00

0.00

1 224.15

70.74

Seychelles

0.00

0.00

58.44

31.28

Singapore

114.65

0.00

5 525.05

34.16

Syria

0.00

0.00

80.61

146.22

United States of America (USA)

93 574.68

39.47

56 913.12

72.41

Sudan

5.22

46.40

130.60

0.00

Sierra-Leone

7.00

0.00

0.00

0.00

Taiwan

331 407.27

93.83

1 088.88

16.34

Thailand

113 919.69

19.10

5 055.57

90.68

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

10.96

67.85

Turkey

113 139.34

78.52

267 232.96

91.64

Faroe Islands

0.00

0.00

48.37

0.00

Fiji

0.00

0.00

79.42

0.00

Philippines

0.00

0.00

100.68

153.45

Chile

0.00

0.00

123.54

98.36

Switzerland

15 472.01

96.17

20 530.19

28.11

Sri-Lanka

0.00

0.00

3 257.93

82.38

Uganda

37.12

0.00

0.00

0.00

Uruguay

0.00

0.00

984.31

562.07 times

Ecuador

0.00

0.00

1 807.44

121.63

South African Republic

47.86

0.00

183.52

3.75

Jamaica

0.00

0.00

4 895.09

2145.28 times

Japan

559.51

2.53

30 320.61

23.42

Others

203.40

111.51

0.00

0.00

CIS countries, total:

179 396.90

49.42

462 970.80

82.52

Belarus

2 172.79

95.71

17 026.93

116.48

Kazakhstan

11 862.24

120.03

55 226.57

69.81

Kyrgyzstan

2 634.17

153.31

246.84

94.71

Moldova

0.00

0.00

1 654.08

191.33

Uzbekistan

10 649.64

15.42 times

3 967.91

257.68

Russia

138 565.38

43.37

278 434.45

84.82

Tajikistan

314.81

19.27

185.82

0.00

Turkmenistan

3 915.10

30.20

908.06

8.84

Ukraine

9 282.76

64.53

105 320.13

83.51

Source: Azerbaijani state customs committee

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