Foreign trade of Azerbaijan (2014)

The foreign trade turnover with 150 world countries amounted to $31.02 billion in 2014, or 10.58 percent less than in 2013. The volume of exports decreased by 8.95 percent and amounted to $21.8 billion compared to 2013. The volume of import decreased by 14.22 percent and amounted to $9.2 billion.

The 15 percent decline in imports has been recently connected with the increased self-sufficiency level of the country for the first time. This had a positive impact on the foreign trade balance.

Azerbaijan exported 2,151 goods and imported 6,146 different goods. As of 2014, the nominal index of export exceeded import. This formed the foreign trade surplus to the amount of $12.6 billion.

The country's foreign trade surplus amounted to $12.26 billion in 2013.

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

Main products exported from Azerbaijan

Name of the product

2014

Compared to 2013, %

cost, thousand dollars

Share in export volume, %

Crude oil

18 404 936,62

84,32

90,92

Oil products

1 365 020,84

6,25

112,95

Natural gas

304 684,00

1,4

43,4

Fruits and vegetables

291 084,52

1,33

116,08

Oil and butter

190 334,67

0,87

83,52

Spirits and soft drink

31 875,40

0,15

103,02

Aluminum

86 780,62

0,4

104,79

Ferrous metals, tons

43 921,11

0,2

45,58

Raw cotton

13 964,23

0,06

57,08

Chemical products

76 118,95

0,35

133,15

Others

610 458,40

2,8

95,34

Source: Azerbaijani state customs committee

Most of Azerbaijan's exports as of 2014 (84.32 percent) fell to the export of crude oil. The exports of crude oil decreased by 9.08 percent compared to 2013. This is connected with the decrease in oil production by 2.8 percent in 2014. The export of oil products increased by 12.95 percent during this period. Around 6.25 percent of total exports from the country fell to the oil products.

The export of gas from Azerbaijan (data obtained from the control devices) hit 117.4 percent ​​in 2014. It increased by 8.21 percent as of 2013. As of 2014, the share of gas in a total export volume amounted to 1.4 percent compared to 2.93 percent in 2013.

The gas supply for export from Azerbaijan (data obtained from the control devices) hit 8.565 billion cubic meters ​​in 2014 compared to 7.295 billion cubic meters in 2013. In December, the exports amounted to 1.241 billion cubic meters (the best monthly level in 2014).

Around 1.826 billion cubic meters of gas in the amount of $304.7 million were formalized upon the cargo customs declarations in 2014 compared to 3.035 billion cubic meters of gas in the amount of $701.987 million as of 2013. The exports amounted to 294.81 million cubic meters of gas in the amount of $47.6 in December (the best level in terms of volume in 2014). In 2014, the physical exports of gas reduced by 39.85 percent, while revenues - by 56.6 percent.

Azerbaijan exported 588.32 million kilowatt / hours of electricity in 2014 upon a customs declaration compared to over 595.67 million kilowatt / hours in 2013.

According to the State Customs Committee's report, Azerbaijan exported electricity worth $31.26 million in 2014 compared to $24.85 million in 2013.

The power generation of Azerbaijan's electric power system has increased by 30 percent for the last five years. Currently, the figure is 7,105 megawatts. This allows generating about 24 billion kilowatt / hours of electricity annually. This enables the country to annually export 2.1 billion kilowatt / hours of electricity.

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 16.08 percent in 2014 compared to 2013.

Its supplies to Russia's markets increased. The logistics centers are built in Azerbaijan and outside the country for storage, transportation, export and sale of agricultural products.

In this period, the highest amount of export fell on Italy in 2014. Thus, during this period Azerbaijan exported goods totaling $4.806 billion to Italy which makes up 22.02 percent of a total export volume. Mainly oil and oil products are exported to this country. Indonesia ($2.012 billion) and Germany ($1.925 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 ($1.314 billion) in 2014. About 14.31 percent of the Azerbaijani imports fell to it. Turkey ranks second - $1.287 billion and Great Britain - third ($978.3 million).

Most of Azerbaijan's imports or 28.12 percent in the reporting period fell to the import of machinery, equipment, electrical equipment and spare parts. The machinery and equipment worth $2.583 billion were imported in 2014 or by 6.36 percent less than in 2013.

A lot of vehicles and parts worth $841.8 million (a share in total imports - 9.16 percent) were brought to the country. However, car imports reduced by 41.3 percent compared to 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 63,368 cars in 2014 compared to 104,385 cars in 2013.

Around 57,615 cars of the total import volume in 2013 accounted for the passenger cars and motor cars. Around 94,879 cars and motor cars were imported into the country in 2013.

Moreover, in 2014, the country imported 5,054 trucks compared to 7,823 trucks in 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 11.05 percent in 2014, while this volume was 1.016 billion AZN in nominal terms.

The decline in imports in 2014 was mainly fixed in the import of vehicles, wood and wooden materials, ferrous metals, electrical equipment, cereals, salt, sulfur, finishing materials, lime and cement.

In particular, as of 2014 the import of wood and wooden materials declined by 53.84 percent (to $128.9 million), ferrous metal products - by 10.35 percent (up to $1.016 billion), electrical equipment - by 6.34 percent (up to $2.583 billion), wheat - 25.64 percent (up to $293.94 million), cement - 30.17 percent (to $106.6 million).

The import of butter and meat significantly increased in 2014 (by 28.19 percent and 17.85 percent, accordingly compared to 2013) which is related to insufficient domestic production.

Main products imported to Azerbaijan

Name of products

2014

Compared to 2013, %

cost

(thousand dollars)

Share in import volume, %

Meat

19 460,51

0,21

128,19

Butter

25 118,60

0,27

117,85

Milk

7 525,88

0,08

79,71

Grain

293 942,81

3,2

74,36

Cars, mechanisms, electric goods, equipment

2 583 378,49

28,12

93,66

Vehicles and spare parts

841 898,20

9,16

58,7

Wood and wooden goods

128 930,19

1,4

46,16

Ferrous metals, tons

1 015 615,41

11,05

89,65

Furniture and its parts

115 003,04

1,25

131,83

Pharmaceutical goods

225 938,32

2,46

90,36

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 2014. These countries formed the foreign trade turnover of Azerbaijan only by 43.28 percent or $13.424 billion, while the EU countries - by 47.3 percent ($14.671 billion). Only 9.42 percent or $2.921 billion accounted for the CIS.

Azerbaijan's exports to the EU countries amounted to $1.568 billion in 2014, or 52.99 percent of a total export volume amid a 0.47 percent growth. Imports from EU ($3.103 billion) dropped by 17.48 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 $8.464 billion or 66.96 percent of the country's foreign trade surplus.

The exports to the countries outside the EU and CIS dropped by 13.96 percent - to $9.423 billion in 2014 or 43.17 percent of a total export volume, while imports - by 9 percent to $4.001 billion or 43.55 percent of the total import volume. As a result, Azerbaijan received a $ 5.422 billion trade surplus with these countries.

The exports to the CIS countries for the period totaled $838.1 million (3.84 percent of the total export volume) by decreasing by 44.49 percent and imports - $2.083 billion (22.67 percent) by decreasing by 18.4 percent. As a result, the country had a red ink in trading with them to the amount of $1.2 billion.

During this period, about 6,372 legal and physical entities were involved in foreign trade operations, including 3,727 - legal entities and 2,645 - physical entities.

The share of public sector in exports totaled $20.48 billion, private sector - $1.121 billion, the share of physical entities - $226.2 million. The share of public sector in import operations amounted to $2.34 billion, the private sector - $6.48 billion, physical entities -$364.2 million.

Azerbaijan's trade operations with foreign countries in 2014

Country name

Export, thousand dollars

Compared to 2013, %

Import, thousand dollars

Compared to import in 2013, %

Total

21 828 608,88

91,05

9 187 696,87

85,78

Including

European countries, total

11 567 574,51

100,47

3 103 587,67

82,52

Austria

345 546,30

86,5

88 788,76

99,46

Belgium

1 482,81

19,27

96 701,10

140,94

Bulgaria

61 154,75

51,34

63 442,13

323,28

Great Britain

126 447,95

26,11

978 337,26

73,34

Hungary

71 614,84

1561,10 times

23 937,76

72,72

Germany

1 925 563,41

141,93

703 636,97

85,49

Greece

255 988,28

31,59

62 789,74

13,14 times

Denmark

757,64

243,12

19 133,64

74,93

Ireland

47,84

0,14

12 083,45

100,98

Spain

783 669,10

10,46 times

49 379,67

74,91

Italy

4 805 617,56

80,23

272 643,40

110,08

Cyprus

0

0

8 449,42

16,55

Latvia

845,46

35,72

9 685,67

88,13

Lithuania

702,72

31,83

29 646,32

151,41

Luxemburg

158,96

76,35

3 939,44

26,28

Malta

86 270,46

2334,90 times

276,82

26,23

Netherlands

19 135,40

102,84

188 840,52

104,34

Poland

16 329,85

159,76

62 348,91

134,13

Portugal

552 149,45

105,02

6 489,31

265,62

Romania

86 252,71

93,36

55 847,43

153,2

Slovakia

31,63

800

19 035,35

78,95

Slovenia

13,15

68,79

8 646,51

70,75

Finland

30,8

188,2

70 868,61

110,9

France

1 523 482,80

134,69

157 356,83

36,99

Croatia

311 673,25

146,15

11 298,62

121,67

Czech Republic

592 036,24

274,19

45 938,19

51,56

Sweden

348,2

582,23

49 654,82

117,49

Estonia

222,95

28,91

4 391,03

58,46

Other countries, total

9 422 978,20

86,04

4 000 921,38

91,01

Albania

0

0

5,44

29,24 times

Australia

326,82

176,63

4 609,82

39,66

Algeria

673,19

68,93

242,98

20,94 times

Anguilla

0

0

2 246,68

47,63

Angola

212,35

262,04 times

3,02

24,05

Andorra

0

0

32,02

4,44

Argentina

58,57

83,72

10 986,80

156,29

Aruba

17,54

890,12

0

0

Afghanistan

275 990,15

134,41

0

0

Bahama Islands

25 662,12

0

0,97

0

Bangladesh

0

0

834,07

10,46 times

Barbados

0

0

251,43

992,16

Bahrain

21,78

128,13

1,39

0,53

Belize

0

0

2 944,72

115,2

Bermuda islands

12,53

47,99

0

0

Bolivia

18,04

0

0

0

Bosnia and Herzegovina

397,15

0

469,6

190,23

Brazil

322,42

114,95

221 431,07

59,56

Brunei Darussalam

3,74

66,94

0,14

319,61

Virgin Islands (Great Britain)

0

0

990,29

61,66

Venezuela

5,85

0

4 967,11

98,33

Vietnam

75 370,82

24,91

4 390,35

84,4

Gabon

29,88

0

0

0

Guinea

0,29

0

0

0

Hong Kong

208,96

9,67

1 875,60

231,51

Greenland

0

0

52,27

0

Georgia

529 549,12

102

93 888,75

71,51

Guam (U.S)

0

0

13,65

0

Jabalia

64 535,72

0

16,42

3,48

Dominique

0

0

9,53

43,71

Dominican Republic

0

0

306,13

26,75 times

Egypt

91 528,00

156,66

2 479,93

72,46

Israel

1 766 949,60

140,16

23 958,70

136,19

India

778 249,98

70,85

36 946,87

74,42

Indonesia

2 012 316,53

72,6

32 753,44

113,81

Jordan

39,57

73,87

954,27

46,07

Iceland

0

0

1 338,22

123,75

Iraq

236 589,96

66,9

398,19

72,76

Iran

39 441,68

53,77

147 156,17

70,86

Yemen

174,01

152,88

0

0

Cambodia

3,81

0

102,16

127

Cameroon

0

0

17,44

17,78

Cocos (Keeling) Islands

0

0

89,87

0

Cayman Islands

22,66

171,19

0

0

Canada

220 248,16

4227,37 times

34 496,89

237,22

Qatar

330,7

15,75

16,44

4,56

Congo

0,56

3,57

0

0

Kenya

0

0

130,31

137,25

China

63 862,82

72,06

697 082,45

123,08

Columbia

0,89

62,15

111,33

14,17

Republic of Korea

13,83

0,04

186 296,43

81,25

Costa-Rica

0

0

312,68

204,26

Côte d'Ivoire

0

0

0,43

8,02

Cuba

0

0

44,12

559,05

Kuwait

27,02

174,14

406,27

717,15

Curaçao

0

0

13,95

0

Lebanon

35 091,20

596,77 times

1 535,99

154,02

Libya

25 760,00

15,49

910,53

104,13

Liechtenstein

0

0

1,13

35,93

Republic of Mauritius

2,8

0

0,64

0

Madagascar

0

0

35,95

767,82

Macedonia

2,71

6,21

693,18

167,61

Malaysia

11 293,06

141,75 times

21 876,93

72,29

Morocco

38,5

0,06

55,7

360,15

Marshall Islands

0

0

142,62

160,35

Mexico

80,62

245,12

7 127,38

114,9

Mozambique

0

0

36,65

141,42

Monaco

2,86

0

0

0

Mongolia

276,17

52,21

41,04

207,27

Montenegro

84,87

740,59

0,37

94,83

Isle of Man

85,65

138,09

0,48

0

Myanmar

0

0

15,49

0

Nepal

0

0

49,93

838,75

Nigeria

53,28

308,68

21,05

28,05 times

New Zealand

143,25

70,3

20 965,46

134,52

Norway

2 019,35

302,58

31 902,59

84,03

United Arab Emirates (UAE)

4 322,66

50,33

61 147,23

64,49

Oman

20,87

0,47

78,94

47,54

Pakistan

194,65

660,93

2 607,67

237,8

Panama

1 725,00

84,25

564,62

4,05

Paraguay

0

0

13,24

0

Papua New Guinea

1,02

48,41

0

0

Palestine

0

0

35,91

0

Peru

0

0

41,89

73,08

Puerto Rico (USA)

0

0

79,53

204,28

Samoa (США)

0

0

3,99

0

Saudi Arabia

128,64

230,41

14 531,04

48,01

San Marino

0

0

137,22

74,51

Saint-Martin

0

0

0,38

0

Serbia

5,15

36,53

3 831,38

70,82

Seychelles

0

0

169,94

4,3

Singapore

59 953,72

239,33 times

41 459,54

89,29

Syria

0

0

125,63

70,53

United States of America (USA)

745 827,00

75,31

563 419,26

149,73

Sudan

69,06

13,22 times

65,58

50,22

Sierra-Leone

7

103,7

0

0

Tanzania

4,04

0

29,76

0

Taiwan

432 067,28

92,46

11 617,04

63,91

Thailand

839 912,24

50,43

29 892,90

135,68

Trinidad and Tobago

122,7

266,27

109,82

108,09 times

Tunisia

420 617,63

225,12

1 090,51

306,78

Turkey

502 492,84

95,53

1 286 641,39

87,9

Philippines

0

0

815,27

247,07

Chile

0

0

1 163,20

89,89

Switzerland

154 933,56

208,22

94 356,70

59,12

Sri-Lanka

0

0

15 906,43

90,84

Uganda

37,12

0

0

0

Uruguay

5

0

5 762,66

294,33

Ecuador

8,69

0

6 998,57

80,87

Ethiopia

0

0

2,08

0

South African Republic

91,13

407,32

1 718,22

2,3

Jamaica

0

0

11 291,86

174,52

Japan

1 230,85

5,46

240 506,49

83,41

Others

1 049,27

93,58

0

0

CIS countries, total:

838 056,17

55,51

2 083 187,82

81,6

Belarus

15 095,09

102,71

83 937,65

96,11

Kazakhstan

29 839,50

46,45

221 056,10

72,11

Kyrgyzstan

25 800,15

202,18

1 702,69

96,35

Moldova

68,38

35,96

5 433,03

135,3

Uzbekistan

37 900,34

354,92

23 611,94

219,25

Russia

640 271,31

59,4

1 314 480,40

87,33

Tajikistan

2 636,72

19,16

187,96

437,73

Turkmenistan

38 002,64

95,36

13 198,39

27,33

Ukraine

48 442,04

17,58

419 579,65

71,22

source: Azerbaijani state customs committee

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