Foreign trade of Azerbaijan (January-August 2014)

The foreign trade turnover with 139 world countries amounted to $20.964 billion in January-August 2014, or 9.19 percent less than in January-August 2013. The volume of exports decreased by 3.78 percent and amounted to $15.35 billion compared to January-August 2013. The volume of import decreased by 21.29 percent and amounted to $5.613 billion. Azerbaijan exported 1,792 goods and imported 5,579 different goods. As of January-August 2014, the nominal index of export exceeded import. This formed the foreign trade surplus to the amount of $9.737 billion.

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

Main products exported from Azerbaijan

Name of the product

Jan.-Aug. 2014

Compared to Jan.-Aug. 2013, %

cost, thousand dollars

Share in export volume, %

Crude oil

13 129 080,77

85,53

97,82

Oil products

867 160,05

5,65

104,56

Natural gas

225 242,14

1,47

43,05

Fruits and vegetables

147 092,96

0,96

137,19

Oil and butter

142 965,89

0,93

91,37

Spirits and soft drink

21 973,44

0,14

117,26

Aluminum

53 939,80

0,35

98,01

Ferrous metals, tons

27 375,15

0,18

35,60

Raw cotton

9 286,67

0,06

58,01

Chemical products

45 631,10

0,30

112,35

Others

411 489,51

2,67

95,07

Source: Azerbaijani state customs committee

Most of Azerbaijan's exports as of January-August 2014 (85.53 percent) fell to the export of crude oil. The exports of crude oil decreased by 2.18 percent compared to January-August 2013. The export of oil products increased by 4.56 percent during this period. Around 5.65 percent of total exports from the country fell to the oil products in January-August 2014.

Some 18.6 million tons of oil were transported via the Heydar Aliyev Baku-Tbilisi-Ceyhan (BTC) pipeline, 2.8 million tons - the Baku-Supsa pipeline, 678,728 tons - via the Baku-Novorossiysk pipeline and 634,802 tons were shipped by rail to Baku-Batumi in January-August.

The export of gas from Azerbaijan (data obtained from the control devices) hit 123.5 percent ​​in January-August compared to the eight months of last year. As of January-August, the share of gas in a total export volume amounted to 1.47 percent compared to 2.93 percent in 2013.

According to the gas meters, gas supply for export amounted to 5.5 billion cubic meters in January-August. In August, the export amounted to 617.076 million cubic meters compared to 599.404 million cubic meters in July, the State Customs Committee said.

Around 1.3 billion cubic meters of gas worth $225.24 million were formalized upon the cargo customs declarations in January-August. Around 70.2 million cubic meters of gas worth $9.42 million were formalized in August.

Gas exports reduced by 57 percent in January-August compared to the eight months of last year. Gas exports reduced because Azerbaijani gas supply to Russia was suspended due to the technical work on the gas transportation infrastructure.

Azerbaijan also supplied 1.465 million tons of gas condensate via Baku-Tbilisi-Ceyhan (BTC) pipeline in January-August, including 181,239 tons in July and 173,878 tons in August.

Azerbaijan exported 395 million kilowatt / hours of electricity upon a customs declaration in January-August 2014 compared to 499.52 million kilowatt / hours in the same period of 2013.

The export volume of fruits and vegetables, which is the basis of the agricultural exports of Azerbaijan, has greatly increased. According to the committee, exports of Azerbaijan's agricultural products increased by 37.19 percent in January-August 2014 compared to the same period of last year.

In this period, the highest amount of export fell on Italy. Thus, during this period Azerbaijan exported goods totaling $3.564 billion to Italy which makes up 23.22 percent of a total export volume. Mainly oil and oil products are exported to this country. Indonesia ($1.768 billion) and Germany ($1.221 billion) 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 ($799.4 million) in January-August 2014. About 14.24 percent of the Azerbaijani imports fell to it. Russia ranks second - $791.2 million and Great Britain - third ($443.8 million).

Most of Azerbaijan's imports or 29.77 percent in the reporting period fell to the import of machinery, equipment, electrical equipment and spare parts. The machinery and equipment worth $1.671 billion were imported in January-August 2014 or by 5.69 percent less than in January-August 2013.

A lot of vehicles and parts worth $522.41 million (a share in total imports - 9.31 percent) were brought to the country. However, car imports reduced by 47.8 percent compared to the same period of last year.

Euro-4 ecological standard has been used in the country since April 1. This caused the sharp decline in imports in this category. The import of the vehicles not conforming to this standard has been banned in Azerbaijan. The restrictions on the import of the cars that do not meet Euro 4 standard in Azerbaijan is primarily connected with the measures of improving the environmental situation in the country. Moreover, the operations are underway in the country. The introduction of a mechanism of gradual taking old vehicles that do not meet the highest environmental standards out of service is being discussed.

According to the State Customs Committee, the country imported 43,276 cars in January-August compared to 67,226 cars in the same period of 2013.

Around 39,198 cars of the total import volume for the period accounted for the passenger cars and motor cars. There were 60,924 cars in January-August 2013.

Moreover, around 3,575 trucks were imported during the reporting period compared to 5,060 trucks in January-August 2013. The rest cars imported for eight months accounted for other types of vehicles.

Thus, the import of ferrous metals ranks second in terms of an import volume in the country during the period. The share of these products in a total import volume of the country hit 10.85 percent in January-August, while this volume was 609.02 million manat in nominal terms.

The import of butter and meat significantly increased in January-August (by 50.10 percent and 35.07 percent, accordingly compared to January-August 2013) which is related to insufficient domestic production.

Main products imported to Azerbaijan

Name of products

Jan.-Aug. 2014

Compared to Jan.-Aug. 2013, %

cost

(thousand dollars)

Share in import volume, %

Meat

13 286,37

0,24

135,07

Butter

17 381,25

0,31

150,10

Milk

4 347,92

0,08

74,16

Grain

161 180,36

2,87

63,77

Cars, mechanisms, electric goods, equipment

1 671 039,63

29,77

94,31

Vehicles and spare parts

522 412,27

9,31

52,18

Wood and wooden goods

86 213,47

1,54

38,35

Ferrous metals, tons

609 023,61

10,85

72,54

Furniture and its parts

62 360,11

1,11

124,59

Pharmaceutical goods

159 000,58

2,83

95,46

Source: Azerbaijani state customs committee

According to the Azerbaijani State Customs Committee, the countries outside the EU and CIS did not restore their status as the main trading partners of the country in January-August. These countries formed the foreign trade turnover of Azerbaijan only by 44.18 percent or $9.261 billion, while the EU countries - by 46.89 percent ($9.829 billion). Only 8.93 percent or $1.873 billion accounted for the CIS.

In January-August 2014 Azerbaijan's exports to the EU countries amounted to $8.030 billion, or 52.31 percent of a total export volume amid a 6.56 percent growth. Imports from EU ($1.799 billion) dropped by 26.3 percent and amounted to 32.06 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 $6.230 billion or 63.99 percent of the country's foreign trade surplus.

The exports to the countries outside the EU and CIS dropped by 10.45 percent - to $6.758 billion in January-August or 44.02 percent of a total export volume, while imports - by 15.59 percent to $2.503 billion or 44.60 percent of the total import volume. As a result, Azerbaijan received a $ 4.253 billion trade surplus with these countries.

Exports to the CIS countries for the period totaled $562.925 million (3.67 percent of the total export volume) by decreasing by 35.45 percent and imports - $1.310 billion (23.34 percent) by decreasing by 24.01 percent. As a result, the country had a red ink in trading with them to the amount of $0.747 billion.

During this period, about 5,036 legal and physical entities were involved in foreign trade operations, including 3,247 - legal entities and 1,789 - physical entities.

The share of public sector in exports totaled $14.47 billion, private sector - $749.70 million, the share of physical entities - $124.51 million.

The share of public sector in import operations amounted to $1.37 billion, the private sector - $4.01 billion, physical entities -$224.40 million.

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

Country name

Export, thousand dollars

Compared to January-August 2013, %

Import, thousand dollars

Compared to import in January-August 2013, %

Total

15 351 017.66

96.22

5 613 565.77

78.71

Including

European countries, total

8 030 436.91

106.56

1 799 530.76

73.7

Austria

344 597.45

181.59

58 907.14

92.7

Belgium

559.93

7.68

61 464.27

129.1

Bulgaria

119.98

0.1

58 696.58

463

Great Britain

122 896.45

41.32

443 884.37

53.02

Hungary

71 569.62

1560.11 times

16 799.17

77.23

Germany

1 220 771.79

136.22

422 739.29

87.49

Greece

144 038.24

28.34

36 747.35

12.52 times

Denmark

732.23

294.8

14 027.58

99.49

Ireland

47.81

0.14

8 832.32

98.87

Spain

438 399.32

591.19

32 291.13

97.9

Italy

3 563 955.96

93.95

166 103.53

101.92

Cyprus

0

0

1 524.13

3.73

Latvia

787.62

46.96

6 159.77

101.42

Lithuania

592.7

33.81

26 478.87

191.84

Luxemburg

97.99

83.62

2 109.69

33.16

Malta

35 538.47

1916.55 times

192.06

21.6

Netherlands

15 410.21

349.63

106 877.76

106.85

Poland

12 181.80

249.72

45 581.43

163.03

Portugal

361 307.31

88.47

3 356.18

241.73

Romania

79 300.83

95.01

42 992.76

270.02

Slovakia

31.63

800

12 441.27

69.24

Slovenia

13.15

136.51

6 497.03

76.81

Finland

27.21

358.38

53 061.55

121.14

France

1 063 405.30

131.86

103 897.47

28.25

Croatia

136 005.83

208.08

10 697.83

178.37

Czech Republic

417 793.85

193.55

29 987.53

51.86

Sweden

118.94

255.11

23 383.34

72.71

Estonia

135.3

28.39

3 799.35

60.24

Other countries, total

6 757 655.60

89.55

2 503 660.58

84.41

Albania

0

0

2.39

12.84 times

Australia

210.16

184.77

2 843.59

33.89

Algeria

240

32.58

213.62

18.41 times

Anguilla

0

0

730.52

33.24

Angola

195.54

241.30 times

3.02

34.47

Andorra

0

0

12.81

1.79

Argentina

29.03

48.94

6 586.22

157.01

Aruba

17.54

890.12

0

0

Afghanistan

165 491.55

128.04

0

0

Bahama Islands

25 662.12

0

0.97

0

Bangladesh

0

0

533.57

23.77 times

Barbados

0

0

242.39

12.31 times

Bahrain

21.78

128.13

0

0

Belize

0

0

2 646.19

378.28

Bermuda islands

8.51

53.45

0

0

Bolivia

13.51

0

0

0

Bosnia and Herzegovina

159.55

0

420.42

200.83

Brazil

169.85

100.75

128 454.51

64.87

Brunei Darussalam

1.77

0

0.14

319.61

Virgin Islands (Great Britain)

0

0

662.19

48.63

Vietnam

75 330.11

88.8

2 083.00

76.9

Gabon

19.75

0

0

0

Guinea

0.29

0

0

0

Hong Kong

156.45

7.24

348.38

47.9

Georgia

349 112.12

108.3

70 738.74

75.57

Guam (U.S)

0

0

13.52

0

Jabalia

64 535.72

0

0

0

Dominique

0

0

5.94

62.79

Dominican Republic

0

0

21.19

185.13

Egypt

35 994.64

89.01

1 496.13

56.1

Israel

909 940.79

116.95

6 013.21

63.27

India

685 179.31

92.17

22 597.33

63.84

Indonesia

1 768 402.06

90.69

23 179.85

144.01

Jordan

33.75

100.07

481.54

30.43

Iceland

0

0

326.78

203.22

Iraq

176 808.95

68.61

254.15

127.85

Iran

23 028.97

41.29

105 660.72

72.93

Yemen

174.01

152.88

0

0

Cambodia

3.81

0

98.75

289.46

Cameroon

0

0

15.14

15.43

Cayman Islands

22.66

171.19

0

0

Canada

218 703.78

16303.90 times

25 850.08

251.79

Qatar

265.48

16.62

12.91

3.69

Congo

0.56

0

0

0

Kenya

0

0

100.71

106.07

China

37 455.85

146.8

414 865.37

99.04

Columbia

0.89

62.15

20.78

2.65

Republic of Korea

12.17

0.04

131 537.68

74.05

Costa-Rica

0

0

170.99

116.02

Cuba

0

0

34.63

438.75

Kuwait

19.08

210.13

94.89

0

Curaçao

0

0

13.95

0

Lebanon

19 112.21

1717.18 times

966.06

150.79

Libya

25 760.00

17.99

499.98

110.3

Republic of Mauritius

0

0

0.64

0

Madagascar

0

0

25.17

648.36

Macedonia

2.71

20.68

533.65

16.60 times

Malaysia

8 694.96

192.40 times

11 210.31

40.28

Mexico

9.41

200.51

5 327.71

115.09

Mozambique

0

0

36.65

334.28

Mongolia

82.56

22.63

41.04

0

Montenegro

84.87

740.59

0.37

94.83

Isle of Man

72.05

214.61

0.48

0

Myanmar

0

0

15.49

0

New Zealand

67.67

46.67

14 467.93

181.09

Norway

1 564.70

394.36

20 751.32

134.25

United Arab Emirates (UAE)

3 185.29

60.8

33 801.68

49.27

Oman

6.33

0

61.8

55.76

Pakistan

190.7

674.83

2 073.62

234.34

Panama

1 725.00

0

385.93

5.23

Paraguay

0

0

13.24

0

Palestine

0

0

10.93

0

Peru

0

0

39.85

119.61

Puerto Rico (USA)

0

0

48.69

423.98

Saudi Arabia

24.85

122.96

10 746.31

45.68

San Marino

0

0

74.12

238.04

Saint-Martin

0

0

0.38

0

Serbia

5.15

63.65

2 995.22

73.43

Seychelles

0

0

104.33

3.08

Singapore

553.53

349.85

14 399.02

41.8

Syria

0

0

114.65

83.92

United States of America (USA)

447 540.52

70.35

404 312.30

162.57

Sudan

17.08

326.93

65.58

50.22

Sierra-Leone

7

0

0

0

Tanzania

0.25

0

29.76

0

Taiwan

432 066.65

92.46

7 076.22

44.65

Thailand

562 192.38

42.2

19 333.82

121.58

Trinidad and Tobago

122.7

128.89 times

21.63

21.29 times

Tunisia

255 150.22

550.69

965.79

303.31

Turkey

334 153.65

93.97

799 460.05

81.96

Philippines

0

0

394.23

148.91

Chile

0

0

639.92

57.06

Switzerland

125 778.04

264.78

54 452.78

47.13

Sri-Lanka

0

0

9 689.33

88.58

Uganda

37.12

0

0

0

Uruguay

5

0

3 232.09

539.95

Ecuador

1.68

0

4 456.74

88.46

Ethiopia

0

0

2.08

0

South African Republic

84.73

632.15

1 144.20

17.07

Jamaica

0

0

4 895.09

178.18

Japan

1 130.08

5.03

125 327.22

54.74

Others

765.92

106.43

0

0

CIS countries, total:

562 925.15

64.55

1 310 374.43

75.99

Belarus

9 671.64

133.98

56 572.49

103.62

Kazakhstan

21 836.41

66.3

159 243.29

73.08

Kyrgyzstan

23 241.73

301.34

1 161.37

125.7

Moldova

5.75

3.44

4 003.48

123.36

Uzbekistan

24 366.16

453

16 204.50

461.42

Russia

428 559.37

57.86

791 168.13

77.88

Tajikistan

1 787.48

41.06

187.96

0

Turkmenistan

21 999.77

78.22

3 567.03

11.14

Ukraine

31 456.86

69.08

278 266.19

70.21

source: Azerbaijani state customs committee

Russia allows imports of peppers tomatoes from one more Kazakh venture
Russia allows imports of peppers tomatoes from one more Kazakh venture
Kazakh Parliament ratifies free trade agreement between EAEU, Serbia
Kazakh Parliament ratifies free trade agreement between EAEU, Serbia
Turkmenistan ready to start practical steps to create logistics center in Russia’s Astrakhan
Turkmenistan ready to start practical steps to create logistics center in Russia’s Astrakhan
Loading Bars
Latest
Iran reveals COVID-19 data for January 28
Azerbaijan greatly increases export of tomatoes to Kazakhstan
Kazakhstan's KAZ Minerals reports 2020 operations results above guidance range
Uzbekistan reveals budget allocated for healthcare sector in 2021
Uzbekistan working to improve quality of drinking water supply services in Tashkent
Turkmen Maritime and River Transportation Agency exceeds working plan for transportation
Azerbaijani banks accelerate the digitalization of payments, services in 2020 (Interview)
Azerbaijani Central Bank talks countrywide development of financial technologies
Iran's Bahar Azadi gold coin price continues to rise
Georgian "Kakhetian Traditional Winery" to start construction of eco-village
Kazakhstan's civil aviation authorities introducing 'e-Freight' system
Azerbaijani banks buy more foreign currency at CBA's auction
Russia allows imports of peppers tomatoes from one more Kazakh venture
Kazakh Parliament ratifies free trade agreement between EAEU, Serbia
Iran declares its revenues from tea exports
Azerbaijan's AzeriCard and Visa developing new mobile platform
UK will review quarantine country list on Thursday
Iran's CBI reveals amount of loans issued in Iran's housing and construction sector
Iran's NIOC holding discussions with foreign company regarding Susangerd field
Azerbaijan may open trading houses in Japan and Pakistan
New enterprises put into operation in Iran's industrial parks
Iran's exports from Kerman Province increases
Vaccine diplomacy: India gets request from all across the world; partnering in phased manner
Georgia reduces importing of pyrotechnics
Number of hotel rooms commissioned in Uzbekistan increase despite COVID-19
Romania decreases petroleum oils import from Kazakhstan amid COVID-19
Precious metal prices decrease in Azerbaijan
Azerbaijani president views conditions created at reconstructed schools in Sabunchu, Surakhani (PHOTO)
Turkish TAV Airports holding eyes modernizing airports in Uzbekistan
Realization of SGC - successful result of years of work - Ambassador Cekuta
Uzbekistan to start preparation for mass vaccination against COVID-19
Georgia reports 723 new cases of coronavirus for Jan.28
London Court of International Arbitration issue second arbitral award in favor of SOCAR
SOCAR’s LNG cargo scheduled to arrive to Pakistan as contracted
Azerbaijani wine products to be presented at int'l exhibition in China
Iran plans to export oil from Gulf of Oman
Amount of loans issued to Iran's industrial and mining sectors announced
India’s gift of 5 lakh doses of Covishield vaccines reaches Sri Lanka
Rector Elmar Gasimov holds online meeting with Presidential Scholars (PHOTO)
Azerbaijani currency rates for Jan.28
Non-cash transactions exceed cash turnover for first time in Azerbaijan - ABA's president
Azerbaijan nearly doubles seafood exports
Uzbekistan to increase tax on production and sale of oil products
Growth of imports of dairy products in 2020 continues in Georgia
Turkmenistan ready to start practical steps to create logistics center in Russia’s Astrakhan
Russia’s Tatneft in Turkmenistan opens tender for bulldozer services
Azerbaijani oil prices continue to grow
Kazakhstan, Switzerland see trade volume decrease amid COVID-19
Turkmenistan's Turkmenhimiya opens tender for purchase of urea-formaldehyde concentrate
Azerbaijan reveals data on population's bank deposits countrywide
Indo-Israel Chambers of Commerce eyes Israel, India, UAE business opportunities
Uzbekistan to launch number of plants for natural facing stones production
Cafes, restaurants in Azerbaijan to work on weekends
Kazakhstan eyes measures for livestock breeding market dev't within EAEU
Burj Khalifa lights up with tricolour to celebrate India's 72nd Republic Day
IMF projects Indian economy to be fastest-growing next financial year
Kazakhstan’s subsidiary bank operating in Uzbekistan increases its total assets
Nepal begins nationwide inoculation drive against COVID-19
Telephonic Conversation between National Security Adviser and Mr. Jake Sullivan, National Security Advisor of U.S.A
Toyota beats Volkswagen to become World's No.1 car seller in 2020
Azerbaijan's electronic government portal registers more users in 2020
Turkmen company exceeds salt extraction plan
Final results of market test to double TAP’s capacity due in October
Iranian currency rates for January 28
Azerbaijan's Parliament to approve new document on visas between Azerbaijan and Turkey
TAP will also be able to transport hydrogen in future – managing director
Deposits value denominated in national currency surges in Kazakhstan
Russian Aeroflot announces cancelation of regular flights to Azerbaijan
Azerbaijan extends date of implementing amendment on new construction requirement
Azerbaijan releases footage of Kalbajar's Alybayli village (PHOTO/VIDEO)
Uzbekistan reveals COVID-19 data for January 28
No virus detected in Azerbaijan's tomatoes export in 2020 - Food Safety Agency
2021 total liquids demand to be higher than 2020 annual level
Kazakhstan boosts imports from Portugal despite COVID-19
Azerbaijani-Uzbek trade turnover grows in 2020 despite pandemic
Turkmen company exceeds salt extraction plan
Kazakhstan's coal extracting venture to opens buy to buy spares
Oil falls on demand fears, strengthening dollar
Subsidiary of KazMunayGas to buy electrodes via tender
OPEC+ compliance could wane with oil demand recovery
Land plots in Baku drop in price
Russian Gazprombank talks factors for revising S&P rating on Azerbaijan to 'positive'
Germany will continue its close regional cooperation with Azerbaijan - Federal Foreign Office
Germany intends to increase co-op with Azerbaijan in renewable energy - Federal Foreign Office
Apple says new privacy notifications to roll out in 'early spring'
Iran seeks to eliminate USD in trade with Eurasian Economic Union
New carpet factory to open in Azerbaijan
NASA's Perseverance rover to land on Mars next month
Iran ready to help Kenya on knowledge-based companies
Georgian border police receives troop carriers, fuel trucks, off-road vehicles from US
Kyrgyz citizens legally working in Turkey to be able to receive pensions and benefits there
1,413 new COVID-19 cases recorded in Kazakhstan in 24 hrs
Saudi flagship investment forum calls for excellent credit solutions to global debt problems
Italy decreases import of petroleum oils from Kazakhstan amid COVID-19
EU demands AstraZeneca plan to break vaccine deadlock
Tesla profit, foggy outlook on 2021 deliveries disappoint Wall Street
Inflation converges to targeted value at end of 2020 in Georgia
Chile approves emergency use of Oxford-AstraZeneca COVID-19 vaccine
UK PM Johnson heads to Scotland amid fears of break up of UK
Europe lifts safety ban on Boeing 737 MAX jet
All news