Foreign trade of Azerbaijan (January-August 2015)

The foreign trade turnover with 144 world countries amounted to $14.08 billion in January-August 2015, or 32.83 percent less than in January-August 2014. The volume of exports decreased by 46.69 percent and amounted to $8.18 billion compared to January-August 2014. The volume of import increased by 5.09 percent and amounted to $5.9 billion.

Azerbaijan exported 2,106 goods and imported 5,797 different goods.

As of January-August 2015, the nominal index of export exceeded import. This formed the foreign trade surplus to the amount of $2.3 billion.

The country's foreign trade surplus exceeded $9.7 billion in January-August 2014.

At the same time, the exports amounted to $711 million, while imports - $594.8 million in August 2015. As a result, a foreign trade surplus worth almost $116.2 million was formed in August.

As in previous periods, oil, gas and oil products were mainly exported from Azerbaijan in January-August 2015.

Main products exported from Azerbaijan

Name of the product

Jan.-Aug. 2015

Compared to Jan.-Aug. 2014 , %

cost, thousand dollars

Share in export volume, %

Crude oil

6 394 879,77

78,14

48,71

Oil products

534 354,59

6,53

61,62

Natural gas

159 535,44

1,95

70,83

Fruits and vegetables

143 140,64

1,75

97,31

Oil and butter

101 364,39

1,24

70,9

Spirits and soft drink

16 397,70

0,2

74,63

Aluminum

58 920,93

0,72

109,23

Ferrous metals, tons

19 706,80

0,24

71,99

Chemical products

70 164,31

0,86

153,76

Others

438654,33

5,37

108,19

Source: Azerbaijani state customs committee

Most of Azerbaijan's exports as of January-August 2015 (78.14 percent) fell to the export of crude oil. During the reporting period, the country exported oil worth $6.39 billion. The cost of crude oil exports decreased by 51.29 percent compared to January-August 2014. This is connected with a decrease in the world oil prices.

Currently, SOCAR supplies oil from Azerbaijan to about 30 countries in Europe, Asia and America. Among its largest European importers are Italy (23 percent), Germany (11 percent), France (9 percent).

SOCAR's share in total exports of Azerbaijani oil is about 70 percent.

The export of oil products from the country amounted to 1.5 million metric tons worth $534.35 in January-August 2015. This is by 38.4 percent less than the export for the same period of 2014 ($867.16 million). The export growth was 1.25 times from year to year. The physical export of oil products from Azerbaijan increased in August 2015. This increased the export earnings. The export of oil products ensured 6.53 percent of the country's total exports in January-August.

Azerbaijan exported 219.58 million kilowatt / hours of electricity upon customs declarations in January-August 2015 compared to 394.99 million kilowatts / hours exported in the same period in 2014. Azerbaijan exported electricity worth $13.2 million in January-August 2015 compared to $ 19.26 million for the same period in 2014.

The exports of chemical products reached $70.16 million in January-August or 0.86 percent of total exports. It increased almost twofold compared to the same period of 2014.

In this period, the largest amount of export fell on Italy in January-August 2015. Thus, during this period Azerbaijan exported goods totaling $1.64 billion to Italy which makes up 20.06 percent of a total export volume. Oil and oil products are mainly exported to this country.

Germany ($993.46 million) and France $551.51 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 ($978.17 million) in January-August 2015. About $16.58 percent of the Azerbaijani imports fell to it. Turkey ranks second - $742.40 million and the US - third ($642.29 million).

Most of Azerbaijan's imports or 22.56 percent in the reporting period fell to the import of machinery, mechanisms, equipment, electrical equipment and spare parts. The machinery and equipment worth $1.33 billion were imported in January-August 2014, which is by 20.37 percent less than in January-August 2014.

Many vehicles and spare parts worth $1.02 billion (a share in total imports - 17.4 percent) were supplied to the country. The car imports increased twofold (196.6 percent) compared to the same period of 2014.

However, despite an increase in the value of imports of these products, Azerbaijan reduced the import of cars twofold.

Some 21,147 cars were imported to Azerbaijan in January-August 2015 compared to 43,276 cars imported in the same period of 2014.

Some 18,821 vehicles of the total number of vehicles imported in January-August 2015 accounted for the cars and motor vehicles. Some 39,198 cars and motor vehicles were imported into the country in January-August 2014. Moreover, some 1,437 trucks were imported to Azerbaijan in January-August 2015 (3,575 trucks in January-August 2014). The rest import accounted for other types of vehicles.

Azerbaijan passed to the Euro-4 ecological standard. That's why, the car supply volumes declined. It has been used since April 1, 2014. The introduction of Euro 4 standard greatly limits the import of used vehicles. Most of vehicles imported from Georgia to Azerbaijan accounted for the used cars.

The import of ferrous metals ranks third 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 17.05 percent in January-August 2015, while this volume was 1.005 billion manat in nominal terms or by 65.14 percent more than in 2014.

The import of wood and wood products significantly increased in January-August 2015 (by 90.07 percent compared to January-August 2014). This is associated with an increase in its using in the construction and reconstruction work in the country.

Main products imported to Azerbaijan

Name of products

Jan.-Aug. 2015

Compared to Jan.-Aug. 2014, %

cost

(thousand dollars)

Share in import volume, %

Meat

11 976,97

0,2

90,14

Butter

14 282,48

0,24

82,17

Milk

3 851,09

0,07

88,57

Grain

216 262,44

3,67

134,17

Cars, mechanisms, electric goods, equipment

1 330 690,32

22,56

79,63

Vehicles and spare parts

1 027 095,12

17,41

196,6

Wood and wooden goods

163 866,43

2,78

190,07

Ferrous metals, tons

1 005 793,31

17,05

165,14

Furniture and its parts

72 680,90

1,23

116,55

Pharmaceutical goods

185 025,49

3,14

116,37

source: Azerbaijani state customs committee

According to the Azerbaijani State Customs Committee, the countries-non-EU and CIS members 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 by 41.22 percent or $5.805 billion, while the EU countries - by 47.79 percent ($6.730 billion). Only 10.99 percent or $1.626 billion accounted for the CIS.

Azerbaijan's exports to the EU countries amounted to $4.986 billion in January-August, or 59.95 percent of a total export volume amid a 38.9 percent decrease. Imports from EU ($1.744 billion) decreased by 3.04 percent and amounted to 29.57 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 $3.242 billion. This exceeded the country's foreign trade surplus ($2.285 billion).

The exports to the countries-non-EU and CIS members dropped by 56.08 percent - to $2.968 billion in January-August or 36.27 percent of a total export volume, while imports increased by 13.32 percent and hit $2.837 billion or 51.9 percent of the total import volume. As a result, Azerbaijan received a $0.131 billion red ink with these countries.

The exports to the CIS countries for the period totaled $0.309 billion (3.77 percent of the total export volume) by decreasing by 45.13 percent and imports - $1.317 billion (22.33 percent) by increasing by 0.54 percent. As a result, the country had a red ink in trading with them to the amount of $1.009 billion.

During this period, about 5,611 legal and physical entities were involved in foreign trade operations, including 3,075 - legal entities and 2,536 - physical entities.

The share of public sector in exports totaled $7.29 billion, private sector - $782.8 million, the share of physical entities - $111.3 million.

The share of public sector in import operations amounted to $1.1 billion, the private sector - $4.56 billion, physical entities -$222.5 million.

Azerbaijan's trade operations with foreign countries in January-August 2015

Country

Export, thousand dollars

Compared to January-August 2014, %

Import, thousand dollars

Compared to import in January-August 2014, %

Total

8 183 486,76

53,31

5 898 689,99

105,09

Including

European countries, total

4 906 329,44

61,1

1 744 126,27

96,96

Austria

293 270,08

85,11

56 946,92

98,48

Belgium

12 298,56

21,96 times

39 601,00

64,43

Bulgaria

0

0

7 845,89

13,37

Great Britain

5 122,16

4,17

270 773,42

61

Hungary

34,33

0,05

20 308,39

120,89

Germany

993 464,84

81,38

477 505,08

112,95

Greece

92 239,03

64,04

10 355,96

27,85

Denmark

24,81

3,39

11 154,85

79,67

Ireland

25 850,36

540,70 times

5 931,78

67,16

Spain

289 743,36

66,09

34 311,97

106,26

Italy

1 641 441,52

46,06

310 382,05

186,86

Cyprus

8,64

0

9 661,29

633,89

Latvia

270,83

34,39

5 005,97

81,27

Lithuania

228,63

38,57

24 781,70

93,59

Luxemburg

25

25,51

7 188,82

340,75

Malta

108 632,08

305,67

31,13

16,21

Netherlands

91 702,82

595,08

59 353,91

55,53

Poland

3 653,16

29,99

40 565,85

89

Portugal

227 039,25

62,84

15 819,04

471,34

Romania

48 844,92

61,59

30 280,46

70,43

Slovakia

9,54

30,17

13 906,11

111,77

Slovenia

9 422,19

716,34 times

10 023,94

154,28

Finland

95,85

352,25

25 548,12

48,15

France

551 512,38

51,86

145 111,22

139,67

Croatia

109 990,45

80,87

1 173,38

10,97

Czech Republic

401 146,57

96,02

39 946,90

133,21

Sweden

74,49

62,63

65 297,39

279,25

Estonia

183,57

135,68

5 313,72

139,86

Other countries, total:

2 968 254,41

43,92

2 837 137,45

113,32

Albania

0

0

6,69

279,77

Australia

138,18

65,75

6 838,65

240,49

Algeria

9,21

3,84

54,04

25,3

Anguilla

0

0

2 246,68

47,63

Angola

34,19

17,48

0

0

Andorra

0

0

42,23

329,64

Argentina

4,79

16,51

10 685,07

162,23

Aruba

17,54

890,12

0

0

Afghanistan

135 400,32

81,82

0

0

Bahamas

0

0

1,56

160,94

Bangladesh

0

0

1 169,75

219,23

Bahrain

21,09

96,84

0

0

Belize

0

0

69,45

2,62

Bosnia and Herzegovina

0

0

396,02

94,19

Botswana

0

0

1,2

0

Brazil

136,56

80,4

72 961,93

56,8

Brunei Darussalam

219,96

124,19 times

0,33

246,47

Bhutan

0

0

3,79

0

Virgin Islands (Great Britain

0

0

254,34

38,41

Venezuela

27,54

0

0

0

Vietnam

117,94

0,16

4 582,27

219,98

Gabon

4,6

23,28

0

0

Haiti

0

0

0,1

0

Guyana

0

0

87,31

0

Guinea

0,12

0

0

0

Honduras

0

0

2,43

0

Hong Kong

517,81

330,98

657,25

188,66

Greenland

0

0

52,27

0

Georgia

272 680,86

78,11

48 218,65

68,16

Guam (U.S)

0

0

13,65

0

Jabalia

82 591,96

127,98

10

0

Dominique

0

0

57,7

272,37

Egypt

92,46

0,26

2 881,62

192,61

Israel

536 421,46

58,95

15 582,46

259,14

India

218 312,33

31,86

25 459,42

112,67

Indonesia

381 704,54

21,58

18 908,94

81,57

Jordan

0,24

0,71

509,33

105,77

Iceland

0

0

352,43

107,85

Iraq

126 022,66

71,28

198,99

78,3

Iran

18 117,48

78,67

55 933,75

52,94

Cambodia

0

0

100,89

102,17

Cameroon

1,96

0

0

0

Cocos (Keeling) Islands

0

0

89,87

0

Cayman Islands

0

0

21,66

0

Canada

119 141,87

54,48

12 987,00

50,24

Qatar

104,87

39,5

9,11

70,55

Congo

554,58

990,60 times

0

0

Kenya

13,86

0

43,2

42,9

Kiribati

0

0

14,75

0

China

36 955,22

98,66

339 932,45

81,94

Columbia

27,72

31,07 times

457,82

22,03 times

Korea

0

0

0,44

0

Republic of Korea

6,3

51,75

97 708,06

74,28

Costa-Rica

0

0

232,83

136,16

Côte d'Ivoire

0,37

0

0

0

Cuba

5,8

0

0

0

Kuwait

23,94

125,47

2 560,93

26,99 times

Curaçao

0

0

1,3

9,28

Lesotho

0

0

0,22

0

Lebanon

0

0

653,03

67,6

Libya

407,72

1,58

2,95

0,59

Liechtenstein

0

0

5,71

0

Mauritius

0

0

14,26

22,24 times

Madagascar

0

0

137,67

546,95

Macedonia

0

0

691,54

129,59

Malaysia

217,89

2,51

26 794,02

239,01

the Maldives

0

0

1,09

0

Morocco

52,63

136,71

4 562,25

173,58 times

Marshall Islands

0

0

12,75

0

Mexico

21,94

233,25

18 529,87

347,8

Mozambique

2,03

0

6,36

17,34

Mongolia

76,8

93,03

0

0

Montenegro

0

0

0,47

126,83

Myanmar

0

0

16,26

104,96

Nepal

66,11

0

0

0

Niger

2,13

0

8,4

0

Nigeria

13,15

0

8,4

0

New Zealand

0

0

10 780,00

74,51

Norway

645,91

41,28

62 681,72

302,06

United Arab Emirates (UAE)

3 307,72

103,84

37 972,03

112,34

Oman

5,03

79,52

34,9

56,48

Pakistan

250,24

131,22

1 245,52

60,07

Paraguay

0

0

43,73

330,29

Palestine

0

0

46,09

421,74

Peru

4,19

0

15,88

39,85

Polynesia

0

0

5,69

0

Puerto Rico (USA)

0

0

199,76

410,28

Samoa (USA)

0

0

0,22

0

Saudi Arabia

77,73

312,75

6 149,30

57,22

San Marino

0

0

103,9

140,19

Sao Tomé and Príncipe

0

0

5,16

0

Saint-Martin

0

0

0,38

0

Serbia

26,63

517,47

3 192,52

106,59

Seychelles

0

0

132

126,53

Singapore

211,1

38,14

93 750,58

651,09

Syria

0

0

106,04

92,49

United States of America (USA)

262 785,93

58,72

642 292,54

158,86

Sudan

42,12

246,6

0

0

Sierra-Leone

0

0

3,44

0

Tanzania

0

0

93,56

314,4

Taiwan

50 068,57

11,59

9 771,41

138,09

Thailand

166 875,64

29,68

17 965,34

92,92

Trinidad and Tobago

11,57

9,43

0

0

Tunisia

269 813,03

105,75

308,1

31,9

Turkey

212 259,57

63,52

742 400,90

92,86

Faeroe Islands

0

0

780,75

0

the Fiji Islands

0

0

0,14

0

Philippines

0

0

495,49

125,68

the Falkland Islands

0

0

11,2

0

Chile

0

0

1 167,60

182,46

Switzerland

70 241,87

55,85

41 141,16

75,55

Sri-Lanka

0

0

8 992,85

92,81

Uganda

37,12

0

0

0

Uruguay

0

0

146,11

4,52

Ecuador

1,52

90,68

13 380,62

300,23

Ethiopia

0

0

2,08

0

South African Republic

0,7

0,83

2 376,04

207,66

Jamaica

0

0

124,43

2,54

Japan

812,59

71,91

367 806,37

293,48

Others

541,66

72,6

0

0

CIS countries, total:

308 902,91

54,87

1 317 426,27

100,54

Belarus

5 061,78

52,34

52 496,61

92,8

Kazakhstan

8 860,39

40,58

60 353,24

37,9

Kyrgyzstan

3 162,11

13,61

1 051,98

90,58

Moldova

90,51

15,74 times

1 891,32

47,24

Uzbekistan

9 006,65

36,96

5 184,11

31,99

Russia

241 577,74

56,37

978 177,86

123,64

Tajikistan

5 144,83

287,83

0

0

Turkmenistan

24 792,13

112,69

18 313,35

513,41

Ukraine

11 206,77

35,63

199 957,80

71,86

source: Azerbaijani state customs committee

South Korean PM to visit Iran for Seoul-Tehran Cooperation
South Korean PM to visit Iran for Seoul-Tehran Cooperation
Iran, Turkmenistan strike deal on co-op in a number of fields (PHOTO/VIDEO)
Iran, Turkmenistan strike deal on co-op in a number of fields (PHOTO/VIDEO)
Iran and Kazakhstan sign cooperation document (PHOTO/VIDEO)
Iran and Kazakhstan sign cooperation document (PHOTO/VIDEO)
Loading Bars
Latest
South Korean battery makers agree last-minute deal in boost to Biden's EV policy
Egypt, Sudan reject Ethiopian proposal for data sharing on Renaissance dam
Bezos, Musk top Forbes' record-setting billionaire list
Turkey registers more than 52 600 new coronavirus cases
China-Brunei trade grows by over 70 pct in 2020
Argentina's economy minister heads to Europe to woo finance officials over debts
US boosts imports of Turkish-made clothes
Turkey sends off 2nd boron export train to China
First kidney transplant performed in Turkmenistan
Bahar Azadi gold coin price continues to fall in Iran
Iran unveils data of gasoline and petrochemicals exports
New transmission line to provide opportunities for both Georgia’s and EU energy network - expert
Weekly review of key events in Azerbaijan's transport sector
China fines Alibaba record $2.75 billion for anti-monopoly violations
Italy reports 344 coronavirus deaths on Saturday, 17,567 new cases
Azercell’s “Kabinetim” mobile app exceeded 1 million downloads
Pakistani FM to visit Tehran
Funeral for UK's Prince Philip to be held on April 17
Pinterest becomes latest platform to appoint Turkey representative
Italy's economy seen growing 4.1% this year
Volume of cargo loaded, unloaded in Iran’s Bandar Lengeh port announced
Turkmenistan’s growth of trade turnover in 1Q2021 announced
Turkish electrical goods' 1Q2021 export to Uzbekistan spikes
Azerbaijani president's assistant talks Turkic Council media co-op's systematization
Hungary considers Turkic Council member states important partners
Iran's Energy Exchange announces products to be on sale on April 11
Uzbekistan ready to actively partake in restoring Azerbaijan's liberated territories
Azerbaijan confirms 2,192 more COVID-19 cases, 1,554 recoveries
Turkey did its best in media coverage of Azerbaijan's Patriotic war - presidential administration
Azerbaijani president's assistant meets with Turkic Council's secretary-general
Briefing of Turkic Council's high-ranking media officials held in Baku (VIDEO)
Anti-Turkic campaigns periodically carried out - Azerbaijani president's assistant
Azerbaijan's victory in Second Karabakh War is victory for entire Turkic world - top official
Azerbaijan working to develop ties between Turkic states - president's assistant
Turkic Council developing roadmap for better co-op with Turkic-speaking countries
Turkic-speaking countries to continue to support Azerbaijan - Turkic Council
Armenia's refusal to provide maps of mines on Azerbaijan's lands is concerning - ambassador
Turkic Council's meeting held in Baku (PHOTO)
Iran reveals COVID-19 data for April 10
Kazakh, Uzbek PMs launch construction of new 'Central Asia' int'l co-op center
Turkish Ambassador: I've never separated Azerbaijan and Turkey, both are homeland to me
Buta Airways to Start Operating Flights to Zhukovsky Airport
Turkey's support for Azerbaijan in Karabakh war will always be in our memory - President Aliyev
Azerbaijan's MoD organizes visit for foreign military attaches to Air Force military unit
Turkish-Azerbaijani fraternal relations are at highest level today - President Aliyev
Iran's exports via Jolfa border checkpoint increase
Georgia reports 506 new coronavirus cases for April 10
SOCAR's capex to moderate due to SGC, STAR refinery’s commissioning
Certain licenses issued to setting up enterprises in Iran's Markazi Province
Turkey unveils 2M2021 data on freight, passenger traffic through Ankara Esenboga Airport
Azerbaijani oil prices up
Fitch Affirms SOCAR at 'BB+'
Turkmenistan's state budget revenues surpass initial forecast
Georgian TBC Leasing's secured debt rating equalizes with its Long-Term IDR
Azerbaijani president awards former Turkish ambassador with 'Dostlug' order
President Ilham Aliyev receives Turkish Ambassador to Azerbaijan Erkan Ozoral (PHOTO)
Turkmenistan's GDP grows in 1Q2021
Weekly review of Azerbaijani currency market
Iranian currency rates for April 10
Azerbaijan has favorable investment climate - Turkish MUSIAD
Azerbaijani Mine Action Agency continues to clear Gubadly, Zangilan, Jabrayil from mines
India reports a record 145,384 COVID-19 infections
Armenia set up booby traps on Azerbaijan's de-occupied lands - Mine Action Agency
Azerbaijan's rhythmic gymnasts 2-nd in online tournament organized by Finnish Gymnastics Federation
Azerbaijani gymnastics team captures silver in Egypt (PHOTO)
China's top market regulator imposes penalty on Alibaba Group over monopoly conduct
Iran's Isfahan producing 2,100 tons of medicinal herbs
Japanese entrepreneurs intend to increase imports of Kyrgyz honey
Austrian companies eye contribution to Georgian ports' expansion - ministry
Turkey reports 55,791 new COVID-19 cases
Germany to amend law for nationwide COVID-19 response
World Bank says Azerbaijan's consumer market to grow till 2023
Janssen's COVID-19 vaccine under EU review over blood clots
Number of COVID-2019 cases across globe up by over 718,000 in past day, says WHO
Poland's COVID-19 cases top 2.5 mln
Georgian-Lithuanian co-op facilitates freight transport between China, Europe - Ministry
US accelerator to provide Azerbaijani startup project with big investments
Eurowings to start flights from Dusseldorf to Georgia
NASA's Mars helicopter to attempt first flight
Health Minister hails vaccination in driving down COVID-19 severity in Turkey
Saudi-led coalition intercepts bomb-laden drone towards border city
Azerbaijani president expresses condolences to PM of UK
UN interested in intensifying ties with Azerbaijan - President of General Assembly
Azerbaijani FM, Sec-Gen of Turkic Council discuss issues of mutual interest (PHOTO)
"Georgia Capital" investment company to sell part of its business
Iran's only option on negotiation table - US lifting sanction - Iran’s ambassador to IAEA
Turkmen Helath Ministry opens tender for purchase of medical supplies
South Korean PM to visit Iran for Seoul-Tehran Cooperation
Speaker of Azerbaijani parliament meets with president of 75th session of UN General Assembly (PHOTO)
Azerbaijani president expresses condolences to Queen Elizabeth II
Azerbaijan clearing territory for new settlement of mines in Zangilan district
Azerbaijan aims developing use of wind energy
Russian, Turkish presidents call for restoration of transport infrastructure of South Caucasus
Azerbaijan actively participates in implementation of int’l projects within BTK and North-South corridors
State Oil Company of Azerbaijan digitizes information on oil and gas wells in corporate database
Azerbaijani, Turkish armies Joint Operational-Tactical Exercises end (PHOTO/VIDEO)
International Bank of Azerbaijan opens tender to buy network equipment
Russia always ready for settlement option supported by sides of Karabakh conflict - Foreign Ministry
State Oil Company of Azerbaijan hosts opening ceremony of Visualization Center (PHOTO)
Embassy of India organizes Interactive Webinar to promote Indian spices (PHOTO)
All news