Foreign trade of Azerbaijan (January-May 2014)

Azerbaijan's foreign trade turnover with around 133 countries totaled $12.99 billion in January-May, 2014, which is by 11.78 percent less than in the same period of 2013. The volume of exports decreased by 8.55 percent and amounted to $9.48 billion compared to the same period of 2013. The volume of import decreased by 19.46 percent and amounted to $3.51 billion. Azerbaijan exported 1,438 goods and imported 5,037 different goods. As of January-May 2014, the nominal index of export exceeded import. This formed the foreign trade surplus to the amount of $5.97 billion.

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

Main products exported from Azerbaijan

Products

Jan.-May 2014

Compared to Jan.-May 2013 , %

cost, thousand dollars

Share in export volume, %

Crude oil

8 210 701.69

86.62

95.22

Oil products

415 007.12

4.38

74.89

Natural gas

189 330.81

2.00

44.83

Fruits and vegetables

69 768.06

0.74

127.94

Oil and butter

97 371.74

1.03

106.67

Spirits and soft drink

14 008.58

0.15

111.81

Aluminum

32 902.95

0.35

89.20

Ferrous metals, tonnes

17 137.55

0.18

33.21

Raw cotton

4 753.52

0.05

43.50

Chemical products

19 392.32

0.20

70.42

Others

261 137.30

2.74

87.16

Source: Azerbaijani State Customs Committee

Most of Azerbaijan's exports as of January-May 2014 (86.62 percent) fell to the export of crude oil. The exports of crude oil decreased by 4.78 percent compared to January-May 2013. The export of oil products has decreased by 25.11 percent during this period. Around 4.38 percent of total exports from the country fell to the oil products in January-May 2014.

Some 11,831,637 tonnes of oil were transported via the Heydar Aliyev Baku-Tbilisi-Ceyhan (BTC) pipeline, 1,703,568 - the Baku-Supsa pipeline, 424,085 tonnes - via the Baku-Novorossiysk pipeline and 357,263 tonnes were shipped by rail to Baku-Batumi in January-May.

In Jan.-May, the volume of gas export from Azerbaijan accounted for 128.39 percent of the total volume of gas export in first five months of 2013, according to gas meters. It has increased by 8.21 percent as of 2013. The share of gas in the total volume of export amounted to two percent as of Jan.-May, compared to 2.93 percent as of 2013.

Some 3,688,525,400 cubic meters of gas was exported from Azerbaijan in Jan.-May, versus 7,294,699 cubic meters as of 2013, according to the State Customs Committee. The gas export stood at 609.459 million cubic meters in May, compared to 680.601 million cubic meters in April.

Around 1,087,095,080 cubic meters of gas worth $189,330,810 were formalized upon the cargo customs declarations in January-May, compared to 3,035,062,000 cubic meters of gas worth of $701.980 million in 2013.

Some 85.997 million cubic meters worth $13.536 million were registered in May, compared to 179.501 million cubic meters worth $29.849 million in April.

Physical gas exports have dropped by 39 percent in January-May, while the revenues from it - by 55.17 percent.

Azerbaijan also supplied 933,519 tonnes of gas condensate via Baku-Tbilisi-Ceyhan (BTC) pipeline in January-May, including 156,103 tonnes in April and 172,563 tonnes in May.

In this period, the highest amount of export fell on Italy. Thus, during this period Azerbaijan exported goods totaling $2.362 billion to Italy which makes up 24.91 percent of the total export volume. Mainly oil and oil products are exported to this country. Italy is followed by Indonesia ($942.8 million) and Germany ($652.9 million). 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 ranked first in terms of the largest import volume ($512.8 million) in January-May 2014. About 14.61 percent of the Azerbaijani imports fell to it. Turkey ranks second - $487.9 million and U.S - third ($306.6 million).

Most of Azerbaijan's imports or 31.58 percent in the reporting period fell to the import of machinery, equipment, electrical equipment and spare parts. The machinery and equipment worth over $1.108 billion were imported in January-May 2014 or by 0.63 percent more than in the same period of 2013.

A lot of vehicles and parts worth $313.9 million (a share in total imports - 8.94 percent) were brought to the country. However, car imports reduced by 55.56 percent compared to the same period of 2013.

As a result of the decrease in vehicle imports to Azerbaijan, vehicle import slipped from the second place to the third place in the list of imported products. Note, vehicle import ranked second for a long period. Thus, the import of ferrous metals ranks second during the period in terms of import volumes in the country. The share of these products in the country's total import volume hit 10 percent in January-May, while in nominal terms, this volume totaled 350.83 million AZN.

The import of butter significantly increased in January-May (by 63.46 percent compared to January-May 2013) which is related to insufficient domestic production of butter.

Main products imported to Azerbaijan

Products

Jan.-May 2014

Compared to Jan.-May 2013, %

cost

(thousand dollars)

Share in import volume, %

Meat

9 208.23

0.26

116.55

Butter

10 606.10

0.30

163.46

Milk

2 943.11

0.08

80.79

Grain

123 729.93

3.53

90.62

Cars, mechanisms, electric goods, equipment

1 108 450.11

31.58

99.37

Vehicles and spare parts

313 911.95

8.94

44.44

Wood and wooden goods

53 959.61

1.54

41.68

Ferrous metals, tons

350 830.58

10.00

64.91

Furniture and its parts

32 652.59

0.93

98.66

Pharmaceutical goods

93 211.39

2.66

100.66

Source: Azerbaijani state customs committee

Non-EU and non-CIS countries accounted for 44.5 percent, or over $5.791 billion of Azerbaijan's foreign trade turnover ($12.989 billion) in Jan.-May. EU countries accounted for 46.4 percent (over $6.033 billion), while CIS countries accounted for only 9.1 percent, or over $1.164 billion of Azerbaijan's foreign trade turnover during the reporting period.

In January-May 2014, Azerbaijan's exports to the EU countries amounted to over $4.949 billion, or 52.21 percent of a total export volume ($9.479 billion) amid a 1.75 percent increase. Imports from EU (more than $1.084 billion) dropped by 26.39 percent and amounted to 30.89 percent of the total import volume ($3.509 billion). As a result, the country had a black ink of trade balance with the EU at the level of $3.864 billion or 64.8 percent of the country's foreign trade surplus ($5.969 billion).

In Jan.-May, the exports to non-EU and non-CIS countries fell by 13.39 percent and stood at over $4.219 billion, which accounted for 44.52 percent of the total export volume. Azerbaijan's import from these countries dropped by 14.58 percent and made $1.572 billion, or 44.77 percent of the total import volume. As a result, Azerbaijan got some $2.648 billion worth of surplus with these countries.

Exports to the CIS countries for the period totaled $310.257 million (3.27 percent of the total export volume) by decreasing by 50.72 percent and imports - $854.154 million (24.34 percent) by decreasing by 18.3 percent. As a result, the country had a red ink in trading with them to the amount of $0.544 billion.

During this period, about 3,974 legal and physical entities were involved in foreign trade operations, including 2,758- legal entities and 1,216- physical entities.

The share of public sector in exports totaled $8.99 billion (94.8 percent), private sector - $446.58 million (4.7 percent), the share of physical entities - $50.77 million (0.54 percent).

The share of public sector in import operations amounted to $956.11 million (27.4 percent), the private sector - $2.43 billion (69.2 percent), physical entities -$125.26 million (3.6 percent).

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

Country name

Export, thousand dollars

Compared to January-May 2013, %

Import, thousand dollars

Compared to import in January-May 2013, %

Total

9 479 327.15

91.45

3 509 880.37

80.54

Including

European countries, total

4 949 149.47

101.75

1 084 177.35

73.61

Austria

127 419.36

108.86

36 788.62

103.29

Belgium

478.47

27.20

44 804.61

148.99

Bulgaria

114.63

0.10

45 037.97

732.19

Great Britain

117 268.65

66.35

216 380.97

51.48

Hungary

202.60

906.25

10 850.95

99.74

Germany

784 716.69

100.59

273 205.63

95.40

Greece

103.22

0.03

18 933.56

11.11 times

Denmark

394.81

194.92

8 284.26

87.14

Ireland

37.89

0.11

4 687.29

122.11

Spain

293 269.19

207.37 times

22 311.06

112.21

Italy

2 361 638.21

101.16

87 870.44

95.67

Cyprus

0.00

0.00

1 057.28

2.77

Latvia

587.78

60.71

4 068.97

116.19

Lithuania

332.64

23.44

23 841.73

263.74

Luxemburg

51.79

44.80

764.32

23.54

Malta

12 874.07

694.29 times

192.06

28.82

Netherlands

10 795.52

403.37

57 396.11

111.69

Poland

7 554.73

387.52

30 140.49

169.61

Portugal

182 851.89

60.80

1 577.99

174.28

Romania

75 453.90

95.18

23 928.80

254.99

Slovakia

5.28

133.51

9 608.36

80.22

Slovenia

11.14

115.64

4 369.65

101.20

Finland

1.03

13.55

48 527.47

199.76

France

692 237.15

175.44

63 913.43

19.11

Croatia

135 907.51

0.00

10 126.96

173.85

Czech Republic

144 763.49

72.43

19 087.84

82.92

Sweden

9.70

20.91

13 121.29

97.81

Estonia

68.15

15.84

3 299.25

62.93

Other countries, total

4 219 919.82

86.61

1 571 548.78

85.42

Albania

0.00

0.00

2.39

12.84 times

Australia

158.67

203.13

1 879.82

42.89

Sweden

240.00

48.66

200.55

22.48 times

Anguilla

0.00

0.00

726.63

170.96

Angola

0.29

0.00

3.02

0.00

Andorra

0.00

0.00

8.73

13.51

Argentina

25.52

75.55

4 066.80

172.86

Aruba

10.39

527.23

0.00

0.00

Afghanistan

87 843.51

124.21

0.00

0.00

Bahama Islands

25 662.12

0.00

0.30

0.00

Bangladesh

0.00

0.00

70.03

16.65 times

Barbados

0.00

0.00

242.39

0.00

Bahrain

7.60

44.74

0.00

0.00

Belize

0.00

0.00

2 492.60

70.13 times

Bermuda islands

8.51

53.45

0.00

0.00

Bolivia

13.51

0.00

0.00

0.00

Bosnia and Herzegovina

159.55

0.00

160.08

98.84

Brazil

110.52

65.63

78 552.84

88.58

Brunei Darussalam

0.00

0.00

0.14

319.61

Virgin Islands (Great Britain)

0.00

0.00

186.96

33.99

Vietnam

75 311.59

88.78

1 422.99

95.62

Gambia

0.00

0.00

0.05

0.00

Guinea

0.29

0.00

0.00

0.00

Hong Kong

153.85

7.12

182.30

34.64

Honduras

0.00

0.00

0.11

0.00

Georgia

239 002.59

101.31

37 587.99

64.62

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

75.37

Dominican Republic

0.00

0.00

15.35

152.68

Egypt

35 911.65

88.84

1 040.25

83.67

Israel

595 388.54

142.56

3 098.99

48.95

India

365 574.51

70.27

14 654.07

68.05

Indonesia

1 242 820.45

111.74

16 834.46

218.32

Jordan

4.40

13.04

320.42

22.43

Iceland

0.00

0.00

326.78

397.06

Iraq

117 724.44

70.50

70.09

0.00

Iran

14 756.48

45.43

66 947.72

79.40

Yemen

174.01

297.68

0.00

0.00

Cambodia

0.00

0.00

33.80

0.00

Cayman Islands

22.66

171.19

0.00

0.00

Canada

115 105.30

14734.70 times

10 424.56

194.39

Qatar

46.07

2.88

12.15

7.46

Kenya

0.00

0.00

0.31

0.33

China

17 492.86

117.75

259 303.99

94.28

Columbia

0.89

0.00

1.43

0.19

Republic of Korea

1.80

0.01

80 201.22

67.69

Costa-Rica

0.00

0.00

146.06

99.89

Cuba

0.00

0.00

32.76

415.04

Kuwait

19.08

210.13

94.89

0.00

Curaçao

0.00

0.00

13.95

0.00

Lebanon

11.90

0.00

610.36

102.02

Libya

25 760.00

34.53

138.49

48.19

Liechtenstein

0.00

0.00

3.15

18.64

Republic of Mauritius

0.00

0.00

0.64

0.00

Madagascar

0.00

0.00

16.07

420.13

Macedonia

2.71

20.68

263.26

16.39 times

Malaysia

361.05

13.74 times

3 429.94

13.05

Morocco

38.50

0.00

12.83

163.00

Mexico

9.41

263.88

3 217.14

148.35

Mozambique

0.00

0.00

25.18

0.00

Mongolia

82.56

30.67

41.04

0.00

Montenegro

18.16

158.48

0.37

94.83

Isle of Man

17.95

53.47

0.48

0.00

Myanmar

0.00

0.00

15.49

0.00

New Zealand

67.67

51.59

8 685.90

193.80

Norway

141.94

62.01

7 756.50

88.33

United Arab Emirates (UAE)

2 060.56

44.41

20 850.23

44.60

Oman

3.39

0.00

31.98

36.28

Pakistan

140.57

497.45

1 901.38

293.01

Palau

0.00

0.00

39.96

0.00

Panama

1 725.00

0.00

148.48

135.11

Papua New Guinea

2.11

234.59

0.00

0.00

Paraguay

0.00

0.00

13.18

0.00

Palestine

0.00

0.00

6.86

0.00

Peru

0.00

0.00

39.32

118.03

Puerto Rico (USA)

0.00

0.00

31.19

484.23

Saudi Arabia

4.26

36.45

6 323.18

40.71

San Marino

0.00

0.00

70.58

21.52 times

Saint Martin

0.00

0.00

0.38

0.00

Serbia

4.43

54.80

2 048.86

89.16

Seychelles

0.00

0.00

89.73

2.98

Singapore

443.97

19.20 times

8 979.49

40.30

Syria

0.00

0.00

96.42

90.14

United States of America (USA)

209 359.54

85.52

306 698.11

206.82

Sudan

12.03

230.28

0.00

0.00

Sierra-Leone

7.00

0.00

0.00

0.00

Taiwan

432 066.65

92.46

2 554.38

26.11

Thailand

226 090.36

22.11

9 363.99

94.27

Trinidad and Tobago

122.70

0.00

0.00

0.00

Tunisia

96 756.01

208.83

291.40

185.35

Turkey

184 160.08

79.72

487 941.77

85.13

Philippines

0.00

0.00

203.82

184.14

Chile

0.00

0.00

414.41

116.14

Switzerland

105 512.59

434.79

31 342.08

32.59

Sri-Lanka

0.00

0.00

6 661.39

110.90

Uganda

37.12

0.00

0.00

0.00

Uruguay

0.00

0.00

1 032.41

302.25 times

Ecuador

0.00

0.00

3 296.44

103.63

South African Republic

76.17

568.28

273.12

4.30

Jamaica

0.00

0.00

4 895.09

1970.32 times

Japan

617.48

2.76

70 368.03

42.13

Others

456.42

100.90

0.00

0.00

CIS countries, total:

310 257.86

49.28

854 154.24

81.70

Belarus

5 188.57

130.85

27 116.63

85.80

Kazakhstan

14 582.36

63.53

118 357.50

94.71

Kyrgyzstan

5 742.48

153.89

640.65

133.14

Moldova

1.14

20.72

2 394.97

117.21

Uzbekistan

13 492.26

919.75

9 751.96

371.24

Russia

242 615.50

44.65

512 828.85

82.26

Tajikistan

986.37

34.29

185.82

0.00

Turkmenistan

11 896.69

60.25

3 540.56

27.58

Ukraine

15 752.48

50.14

179 337.31

72.47

source: Azerbaijani state customs committee

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