Foreign trade of Azerbaijan (January-November 2014)

The foreign trade turnover with 147 world countries amounted to $28.83 billion in January-November 2014, or 9.13 percent less than in January-November 2013. The volume of exports decreased by 5.82 percent and amounted to $20.71 billion compared to January-November 2013. The volume of import decreased by 16.61 percent and amounted to $8.11 billion. Azerbaijan exported 2,084 goods and imported 5,984 different goods.

As of January-November 2014, the nominal index of export exceeded import. This formed the foreign trade surplus to the amount of over $12.6 billion.

The country's foreign trade surplus amounted to $12.26 billion for the same period of 2013 and $767.18 million as of November 2014.

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

Main products exported from Azerbaijan

Name of the product

Jan.-Nov. 2014

Compared to Jan.-Nov. 2013 , %

cost, thousand dollars

Share in export volume, %

Crude oil

17 578 851,11

84,87

94,57

Oil products

1 266 533,18

6,11

115,37

Natural gas

257 063,68

1,24

39,63

Fruits and vegetables

268 131,83

1,29

117,85

Oil and butter

178 683,86

0,86

86,12

Spirits and soft drink

30 054,89

0,15

102,49

Aluminum

76 823,67

0,37

101,20

Ferrous metals, tons

39 791,95

0,19

43,25

Raw cotton

13 470,03

0,07

58,37

Chemical products

64 215,30

0,31

124,19

Others

561 806,37

2,71

96,48

Source: Azerbaijani state customs committee

Most of Azerbaijan's exports as of January-November 2014 (84.87 percent) fell to the export of crude oil. The exports of crude oil decreased by 5.43 percent compared to January-November 2013. The export of oil products increased by 15.37 percent during this period. Around 6.11 percent of total exports from the country fell to the oil products in January-November 2014.

Some 24.6 million tons of oil were transported via the Heydar Aliyev Baku-Tbilisi-Ceyhan (BTC) pipeline, 3.6 million tons - the Baku-Supsa pipeline, 933,300 tons - via the Baku-Novorossiysk pipeline and 855,600 tons were shipped by rail to Baku-Batumi in January-November.

The export of gas from Azerbaijan (data obtained from the control devices) hit 120.24 percent ​​in January-November compared to the eleven months of 2013. As of January-November, the share of gas in a total export volume amounted to 1.24 percent compared to 2.93 percent in 2013.

According to the gas meters, gas supply for export amounted to 7.724 billion cubic meters in January-November compared to 7.294 billion cubic meters as of 2013. In November, the export amounted to 779.258 million cubic meters compared to 757.091 million cubic meters in October, the State Customs Committee said.

Azerbaijan exported 544.6 million kilowatt / hours of electricity upon the customs declaration in January-November 2014 compared to 586.66 million kilowatt / hours in the same period of 2013. Azerbaijan exported electricity worth $28.52 million in January-November compared to $ 24.31 million for the same period of 2013.

The exports of fruits and vegetables forming the basis of Azerbaijan's agricultural exports significantly increased. The exports of Azerbaijan's agricultural products increased by 17.85 percent in January-November 2014 compared to the same period of 2013. The supplies to Russia's markets increased. The logistics centers are being built in Azerbaijan and outside the country to ensure the storage, transportation, export and sale of agricultural products.

In this period, the highest amount of export fell on Italy. Thus, during this period Azerbaijan exported goods totaling $4.624 billion to Italy which makes up 22.33 percent of a total export volume. Mainly oil and oil products are exported to this country. Indonesia ($2.012 billion) and Germany ($1.809 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.

Russia ranks first on largest import volume ($1.166 billion) in January-November 2014. About 14.39 percent of the Azerbaijani imports fell to it. Turkey ranks second - $1.130 billion and Great Britain - third ($863.6 million).

Most of Azerbaijan's imports or 27.77 percent in the reporting period fell to the import of machinery, equipment, electrical equipment and spare parts. The machinery and equipment worth $2.252 billion were imported in January-November 2014 or by 9.01 percent less than in January-November 2013.

A lot of vehicles and parts worth $748.06 million (a share in total imports - 9.22 percent) were brought to the country. However, car imports reduced by 42.97 percent compared to the same period of 2013.

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 56,804 cars in January-November compared to 93,686 cars in the same period of 2013.

Around 51,589 cars of the total import volume for the period accounted for the passenger cars and motor cars. Around 85,174 cars and motor cars were imported into the country in January-November 2013.

Moreover, during the reporting period, the country imported 4,580 trucks compared to 7,000 trucks in January-November 2013. The rest imports 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 10.53 percent in January-November, while this volume was 853.8 million manat in nominal terms.

The import of butter and meat significantly increased in January-November (by 22.41 percent and 16.94 percent, accordingly compared to January-November 2013) which is related to insufficient domestic production.

Main products imported to Azerbaijan

Name of products

Jan.-Nov. 2014

Compared to Jan.-Nov. 2013, %

cost

(thousand dollars)

Share in import volume, %

Meat

17 044,91

0,21

122,41

Butter

22 952,30

0,28

116,94

Milk

6 312,96

0,08

77,07

Grain

265 114,98

3,27

73,25

Cars, mechanisms, electric goods, equipment

2 252 613,13

27,77

90,99

Vehicles and spare parts

748 067,11

9,22

57,03

Wood and wooden goods

117 788,28

1,45

43,87

Ferrous metals, tons

853 802,69

10,53

81,74

Furniture and its parts

99 696,14

1,23

123,96

Pharmaceutical goods

205 175,76

2,53

92,17

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-November. These countries formed the foreign trade turnover of Azerbaijan only by 42.97 percent or $12.386 billion, while the EU countries - by 47.87 percent ($13.800 billion). Only 9.16 percent or $2.638 billion accounted for the CIS.

Azerbaijan's exports to the EU countries amounted to $11.060 billion in January-November 2014, or 53.40 percent of a total export volume amid a 6.51 percent growth. Imports from EU ($2.740 billion) dropped by 17.92 percent and amounted to 33.78 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 $8.319 billion or 66.02 percent of the country's foreign trade surplus ($12.601 billion).

The exports to the countries outside the EU and CIS dropped by 13 percent - to $8.866 billion in January-November or 42.80 percent of a total export volume, while imports - by 13.59 percent to $3.520 billion or 43.40 percent of the total import volume. As a result, Azerbaijan received a $ 5.345 billion trade surplus with these countries.

The exports to the CIS countries for the period totaled $787.218 million (3.8 percent of the total export volume) by decreasing by 44.45 percent and imports - $1.851 billion (22.82 percent) by decreasing by 20.01 percent. As a result, the country had a red ink in trading with them to the amount of $1.064 billion.

During this period, about 6,012 legal and physical entities were involved in foreign trade operations, including 3,609 - legal entities and 2,403 - physical entities.

The share of public sector in exports totaled $19.48 billion, private sector - $1.028 billion, the share of physical entities - $209.44 million.

The share of public sector in import operations amounted to $2.13 billion, the private sector - $5.66 billion, physical entities -$328.44 million.

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

Country name

Export, thousand dollars

Compared to January-November 2013, %

Import, thousand dollars

Compared to import in January-November 2013, %

Total

20 713 460,68

94,18

8 112 131,96

83,39

Including

European countries, total

11 060 053,97

106,51

2 740 318,06

82,08

Austria

345 087,65

103,28

78 677,23

92,69

Belgium

1 469,90

19,27

78 518,69

124,94

Bulgaria

61 108,26

51,36

62 264,12

349,71

Austria

123 646,87

29,74

863 632,50

72,64

Belgium

71 589,52

1560,54 times

21 574,01

70,61

Bulgaria

1 809 334,83

157,76

625 745,38

87,55

Greece

255 987,30

34,32

51 272,85

13,10 times

Denmark

752,85

248,7

16 849,28

74,75

Ireland

47,83

0,14

11 490,56

102,57

Spain

783 297,84

10,46 times

44 364,49

73,11

Italy

4 624 659,04

86,47

232 206,41

111,76

Cyprus

0

0

8 449,42

16,56

Latvia

791,42

34,56

8 846,20

92,56

Lithuania

701,23

33,96

29 031,51

166,8

Luxemburg

104,73

50,3

2 765,49

19,03

Malta

64 849,57

1755,14 times

276,82

27,22

Netherlands

17 345,93

263,2

164 925,88

102,41

Poland

15 476,36

179,23

56 953,56

141,56

Portugal

451 654,50

85,91

5 375,07

286,26

Romania

86 177,41

93,33

50 500,00

171,36

Slovakia

31,63

800

15 249,74

68,84

Slovenia

13,15

68,79

7 814,94

73,41

Finland

27,65

168,92

69 629,51

136,84

France

1 488 435,67

139,66

134 712,54

33,47

Croatia

265 097,94

124,31

11 266,86

149,25

Czech Republic

592 010,34

274,19

42 811,31

64,45

Sweden

152,48

254,96

40 977,72

102,77

Estonia

202,08

31,37

4 135,98

61,61

Other countries, total

8 866 188,03

87

3 520 486,76

86,41

Albania

0

0

4,96

26,62 times

Australia

302,5

203,19

4 122,37

36,15

Algeria

570,72

77,48

213,62

18,41 times

Anguilla

0

0

2 246,68

47,63

Angola

196,39

242,35 times

3,02

24,05

Andorra

0

0

32,02

4,48

Argentina

58,57

98,72

10 475,64

166,87

Aruba

17,54

890,12

0

0

Afghanistan

248 369,66

136,87

0

0

Bahama Islands

25 662,12

0

0,97

0

Bangladesh

0

0

761,78

12,10 times

Barbados

0

0

251,43

992,16

Bahrain

21,78

128,13

1,39

0,59

Belize

0

0

2 882,47

212,24

Bermuda islands

8,51

32,61

0

0

Bolivia

13,51

0

0

0

Bosnia and Herzegovina

397,15

0

439,05

180,51

Brazil

263,61

93,98

191 768,70

55,46

Brunei Darussalam

3,74

0

0,14

319,61

Virgin Islands (Great Britain)

0

0

818,88

51,2

Venezuela

3,63

0

4 967,11

98,33

Vietnam

75 359,40

48,75

4 001,71

87,47

Gabon

29,88

0

0

0

Guinea

0

0

52,27

0

Hong Kong

208,96

9,67

1 640,42

206,07

Greenland

0

0

13,07

0

Georgia

456 712,07

100,39

88 957,43

77,35

Guam (U.S)

0

0

13,52

0

Jabalia

64 535,72

0

0

0

Dominique

0

0

5,94

36,5

Dominican Republic

0

0

304,79

26,63 times

Egypt

77 283,16

132,33

1 791,32

54,8

Israel

1 522 839,74

133,29

9 423,93

69,13

India

777 716,88

79,05

33 152,97

71,99

Indonesia

2 012 316,53

73,7

31 312,99

125,03

Jordan

33,75

63

897,12

51,27

Iceland

0

0

1 122,86

105,66

Iraq

220 669,52

67,96

398,19

109,8

Iran

33 428,31

49,32

139 480,76

73,35

Yemen

174,01

152,88

0

0

Cambodia

3,81

0

100,4

124,84

Cameroon

0

0

17,44

17,78

Cayman Islands

22,66

171,19

0

0

Canada

220 218,31

9570,70 times

30 185,52

235,79

Qatar

269,18

12,82

16,44

4,6

Congo

0,56

0

0

0

Kenya

0

0

130,31

137,25

China

56 547,84

67,57

629 902,46

117,61

Columbia

0,89

62,15

111,33

14,17

Republic of Korea

13,83

0,04

169 548,63

79,39

Costa-Rica

0

0

270,63

176,79

Cote d'Ivoire

0

0

0,43

0

Cuba

0

0

43

544,81

Kuwait

27,02

174,14

94,89

235,01

Curaçao

0

0

13,95

0

Lebanon

35 091,20

596,77 times

1 341,50

151,06

Libya

25 760,00

15,49

792,98

116,76

Liechtenstein

0

0

1,13

35,93

Republic of Mauritius

2,8

0

0,64

0

Madagascar

0

0

27,93

596,53

Macedonia

2,71

6,21

637,66

518,27

Malaysia

8 706,23

177,59 times

15 592,01

53,82

Morocco

38,5

0,06

37,35

241,5

Mexico

25,34

77,05

6 459,24

113,31

Mozambique

0

0

36,65

141,42

Mongolia

177,41

48,62

41,04

207,27

Montenegro

84,87

740,59

0,37

94,83

Isle of Man

72,05

116,16

0,48

0

Myanmar

0

0

15,49

0

Nepal

0

0

49,93

838,75

Nigeria

53,28

50,43 times

13,39

17,84 times

New Zealand

143,25

98,79

19 208,74

134,85

Norway

1 827,09

276,47

27 551,32

88,6

United Arab Emirates (UAE)

3 871,59

47,63

52 033,75

59,58

Oman

20,87

0,47

78,94

56,45

Pakistan

190,7

647,5

2 539,21

252,16

Panama

1 725,00

109,52

564,36

4,19

Paraguay

0

0

13,24

0

Palestine

0

0

35,91

0

Peru

0

0

41,47

72,35

Puerto Rico (USA)

0

0

66,1

263,23

Samoa (USA)

0

0

3,99

0

Saudi Arabia

79,64

142,65

12 217,89

41,94

San Marino

0

0

79,16

44,74

Saint-Martin

0

0

0,38

0

Serbia

5,15

36,53

3 742,25

72,33

Seychelles

0

0

169,94

5

Singapore

59 827,61

279,52 times

37 481,53

83,55

Syria

0

0

125,63

75,39

United States of America (USA)

741 917,15

84,45

506 677,54

149,59

Sudan

54,45

10,42 times

65,58

50,22

Sierra-Leone

7

103,7

0

0

Tanzania

1,17

0

29,76

0

Taiwan

432 067,28

92,46

10 807,67

60,92

Thailand

767 489,15

46,08

28 152,33

136,43

Trinidad and Tobago

122,7

266,27

82,02

80,73 times

Tunisia

381 126,59

279,71

1 066,07

299,91

Turkey

461 589,72

95,73

1 130 872,32

83,31

Philippines

0

0

745

232,61

Chile

0

0

956,34

75,73

Switzerland

147 464,99

207,75

81 704,42

54,15

Sri-Lanka

0

0

13 841,92

87,31

Uganda

37,12

0

0

0

Uruguay

5

0

3 245,04

165,74

Ecuador

1,68

0

6 556,86

85,13

Ethiopia

0

0

2,08

0

South African Republic

85,18

380,72

1 688,72

2,26

Jamaica

0

0

4 901,59

178,42

Japan

1 230,85

5,46

186 051,47

68,26

Others

981,01

95,87

0

0

CIS countries, total:

787 218,68

55,54

1 851 327,14

79,99

Belarus

13 619,07

118,97

74 457,29

104,38

Kazakhstan

28 332,70

49,84

200 276,61

71,79

Kyrgyzstan

25 152,88

221,03

1 473,29

111,28

Moldova

68,38

35,96

4 922,35

129,12

Uzbekistan

36 546,62

367,53

21 138,59

285,06

Russia

600 697,59

59,35

1 166 968,98

84,32

Tajikistan

2 507,63

40,88

187,96

0

Turkmenistan

35 823,19

98,66

8 367,03

18,87

Ukraine

44 470,63

16,29

373 535,04

71,38

source: Azerbaijani state customs committee

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