Foreign trade of Azerbaijan (january-september 2015)

The foreign trade turnover with 148 world countries amounted to $15.35 billion in January-September 2015, or 35.72 percent less than in January-September 2014. The volume of exports decreased by 49.77 percent and amounted to $8.77 billion compared to January-September 2014. The volume of import increased by 0.87 percent and amounted to $6.58 billion. Azerbaijan exported 2,246 goods and imported 5,892 different goods.

As of January-September 2015, the nominal index of export exceeded import. This formed the foreign trade surplus to the amount of $2.19 billion.

The country's foreign trade surplus exceeded $10.83 billion in January-September 2014.

At the same time, the exports amounted to $586.69 million, while imports - $679.97 million in September 2015. As a result, a foreign trade surplus worth almost $93.3 million was formed in September.

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

Main products exported from Azerbaijan

Name of the product

Jan.-Sept. 2015

Compared to Jan.-Sept. 2014, %

cost, thousand dollars

Share in export volume, %

Crude oil

6 814 606,27

77,7

45,99

Oil products

576 623,16

6,57

55,76

Natural gas

182 435,71

2,08

76,82

Fruits and vegetables

162 440,57

1,85

96,54

Oil and butter

113 931,77

1,3

77,66

Spirits and soft drink

19 160,87

0,22

77,15

Aluminum

62 530,84

0,71

100,24

Ferrous metals, tons

24 331,90

0,28

74,67

Chemical products

72 234,45

0,82

137,86

Others

453 833,28

5,36

103,27

Source: Azerbaijani state customs committee

Most of Azerbaijan's exports as of January-September 2015 (77.7 percent) fell to the export of crude oil. During the reporting period, the country exported oil worth $6.81 billion. The cost of crude oil exports decreased by 54.01 percent compared to January-September 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 physical export of oil products from the country and export proceeds decreased in September 2015. The export of oil products from the country amounted to 1,628 tons worth $576.623 in January-September 2015. This is by 44.2 percent less than the export for the same period of 2014 ($1.034 billion).

The export growth was 1.1 times from year to year. The export of oil products ensured 6.57 percent of the country's total exports in January-September.

The export of gas from Azerbaijan (according to the meters) decreased by 3.2 percent in January-September. The gas supplied for export, according to the meters, amounted to 5.988 billion cubic meters in January-September 2015 compared to 6.188 billion cubic meters in January-September 2014.

Some 1.124 billion cubic meters of gas in the amount of $182.4 million were registered upon the cargo customs declarations in January-September compared to $1.409 billion cubic meters in the amount of $237.5 million in January-September 2014. As a result, the physical gas exports reduced by 20.26 percent, and revenues - by 23.2 percent.

As of September, the share of gas in total exports amounted to 2.08 percent compared to 1.37 percent in 2014, 2.93 percent in 2013, 2.71 percent in 2012 and 2.61 percent in 2011.

Azerbaijan also supplied 1,547,387 metric tons of gas condensate compared to 1,644,927 in January-September 2014 via BTC oil pipeline.

Azerbaijan exported 234.34 million kilowatt / hours of electricity upon customs declarations in January-September 2015 compared to 407.45 million kilowatts / hours exported in the same period in 2014. Azerbaijan exported electricity worth $14.1 million in January-September 2015 compared to $ 19.9 million for the same period in 2014.

The exports of chemical products reached $72.23 million in January-September or 0.82 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-September 2015. Thus, during this period Azerbaijan exported goods totaling $1.79 billion to Italy which makes up 20.51 percent of a total export volume. Oil and oil products are mainly exported to this country.

Germany ($1.009 billion) and France $577.94 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 ($1.071 billion) in January-September 2015. About $16.28 percent of the Azerbaijani imports fell to it. Turkey ranks second - $826.62 million and the US - third ($672.32 million).

Most of Azerbaijan's imports or 23.29 percent in the reporting period fell to the import of machinery, mechanisms, equipment, electrical equipment and spare parts. The machinery and equipment worth $1.53 billion were imported in January-September 2014, which is by 17.88 percent less than in January-September 2014.

Many vehicles and spare parts worth $1.06 billion (a share in total imports - 16.17 percent) were supplied to the country. The car imports increased twofold (183.7 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 22,915 cars were imported to Azerbaijan in January-September 2015 compared to 47,984 cars imported in the same period of 2014.

Some 20,386 vehicles of the total number of vehicles imported in January-September 2015 accounted for the cars and motor vehicles. Some 43,496 cars and motor vehicles were imported into the country in January-September 2014. Moreover, some 1,584 trucks were imported to Azerbaijan in January-September 2015 (3,946 trucks in January-September 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 17.56 percent in January-September 2015, while this volume was 1.15 billion manat in nominal terms or by 65.92 percent more than in 2014.

The import of wood and wood products significantly increased in January-September 2015 (by 80.35 percent compared to January-September 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.-Sept. 2015

Compared to Jan.-Sept. 2014, %

cost

(thousand dollars)

Share in import volume, %

Meat

12 912,09

0,2

89,25

Butter

16 072,62

0,24

81,52

Milk

4 263,77

0,06

87,86

Grain

224 792,72

3,42

130,33

Cars, mechanisms, electric goods, equipment

1 532 396,58

23,29

82,12

Vehicles and spare parts

1 064 062,66

16,17

183,7

Wood and wooden goods

177 075,73

2,69

180,35

Ferrous metals, tons

1 154 945,08

17,56

165,92

Furniture and its parts

80 437,63

1,22

108,35

Pharmaceutical goods

196 041,67

2,98

110,29

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 ($15.348 billion) by 41.05 percent or $6.300 billion, while the EU countries - by 47.24 percent ($7.251 billion). Only 11.79 percent or $1.796 billion accounted for the CIS.

Azerbaijan's exports to the EU countries amounted to $5.282 billion in January-September, or 60.24 percent of a total export volume amid a 42.91 percent decrease. Imports from EU ($1.968 billion) decreased by 11.72 percent and amounted to 29.92 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 $3.314 billion. This exceeded the country's foreign trade surplus.

The exports to the countries-non-EU and CIS members dropped by 57.98 percent - to $3.143 billion in January-September or 35.84 percent of a total export volume, while imports increased by 11.34 percent and hit $3.157 billion or 47.99 percent of the total import volume. As a result, Azerbaijan received a $0.014 billion red ink with these countries.

The exports to the CIS countries for the period totaled $0.344 billion (3.92 percent of the total export volume) by decreasing by 44.66 percent and imports - $1.452 billion (22.08 percent) by decreasing by 0.39 percent. As a result, the country had a red ink in trading with them to the amount of $1.108 billion.

During this period, about 5,966 legal and physical entities were involved in foreign trade operations, including 3,204 - legal entities and 2,762 - physical entities.

The share of public sector in exports totaled $7.79 billion, private sector - $859.59 million, the share of physical entities - $118.32 million.

The share of public sector in import operations amounted to over $1.2 billion, the private sector - $5.13 billion, physical entities -$248.39 million.

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

Country

Export, thousand dollars

Compared to January-September 2014, %

Import, thousand dollars

Compared to import in January-September 2014, %

Total

8 769 941,10

50,53

6 578 512,55

100,87

Including

European countries, total

5 282 822,28

57,09

1 968 504,41

88,38

Austria

321 247,57

93,1

63 782,77

92,14

Belgium

12 322,51

21,82 times

43 598,64

66,84

Bulgaria

0

0

9 618,61

15,9

Great Britain

5 329,30

4,33

312 320,02

45,99

Hungary

34,33

0,05

22 006,96

120,03

Germany

1 009 765,46

69,03

516 894,80

105,34

Greece

117 657,22

57,41

10 713,77

21,35

Denmark

24,81

3,39

12 427,63

83,41

Ireland

25 850,36

540,70 times

6 944,25

66,98

Spain

289 894,56

57,36

41 380,36

113,3

Italy

1 798 889,47

44,63

357 895,03

193,72

Cyprus

8,64

0

9 717,46

146,42

Latvia

301,59

38,11

5 920,60

80,56

Lithuania

288,02

45,78

25 255,34

93,51

Luxemburg

25,79

25,75

7 647,65

306,67

Malta

113 223,11

261,58

31,3

12,87

Netherlands

93 075,91

601,96

68 546,15

55,4

Poland

4 183,66

31,42

55 264,60

111,46

Portugal

312 640,78

86,53

19 494,50

490,69

Romania

78 927,95

99,51

46 421,70

103,21

Slovakia

9,54

30,17

16 555,30

118,71

Slovenia

9 422,19

716,34 times

10 604,22

156,86

Finland

155,19

570,31

26 329,79

38,74

France

577 942,05

48,63

157 193,14

134,55

Croatia

109 990,45

41,49

1 181,48

10,57

Czech Republic

401 345,83

83,54

47 963,15

136,65

Sweden

74,49

62,43

67 307,25

260,2

Estonia

191,48

132,76

5 487,95

142,33

Other countries, total:

3 143 117,10

42,02

3 157 229,05

111,34

Albania

0

0

6,69

279,77

Australia

260,43

108,16

7 572,65

225,38

Algeria

9,21

1,84

54,04

25,3

Anguilla

0

0

2 246,68

47,63

Angola

37

18,92

0

0

Andorra

0

0

45,44

354,67

Argentina

4,79

16,51

11 836,16

150,4

Aruba

17,54

890,12

0

0

Afghanistan

155 168,71

80,52

0

0

Bahamas

0

0

1,56

160,94

Bangladesh

0

0

1 655,28

293,73

Bahrain

21,09

96,84

283,3

203,45 times

Belize

0

0

69,45

2,54

Bosnia and Herzegovina

0

0

396,02

94,19

Botswana

0

0

1,2

0

Brazil

136,56

60,12

82 338,16

53,09

Brunei Darussalam

223,9

59,88 times

0,33

246,47

Bhutan

0

0

3,79

0

Virgin Islands (Great Britain

0

0

254,34

36,55

Venezuela

27,54

0

7 636,46

153,74

Vietnam

131,99

0,18

4 902,38

185,72

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

2,72

0

Hong Kong

556,66

355,81

1 321,32

234,88

Greenland

0

0

47,19

0

Georgia

306 318,38

78,99

51 068,76

64,44

Guam (U.S)

0

0

13,65

0

Jabalia

82 591,96

127,98

10

0

Dominique

0

0

70,35

23,08

Egypt

92,46

0,12

2 967,28

192,73

Israel

565 050,02

47,51

17 345,77

263,18

India

219 216,97

31,99

26 946,75

100,21

Indonesia

381 720,63

20,43

19 183,01

74,21

Jordan

0,24

0,71

535,33

92,86

Iceland

0

0

352,43

57,97

Iraq

139 887,79

76,62

198,99

67,56

Iran

22 065,04

77,57

64 406,05

55,71

Cambodia

0

0

134,19

134,19

Cameroon

1,96

0

0

0

Cocos (Keeling) Islands

0

0

0,05

0

Cayman Islands

0

0

21,66

0

Canada

149 720,10

68,33

13 665,61

51,06

Qatar

105,37

39,69

9,35

57,35

Congo

554,58

990,60 times

0

0

Kenya

13,86

0

43,2

42,9

Kiribati

0

0

14,75

0

China

40 336,03

93,61

372 161,81

79,76

Columbia

27,72

31,07 times

458,36

721,19

Korea

0

0

0,44

0

Republic of Korea

6,3

51,75

108 257,42

73,62

Costa-Rica

0

0

272,67

120,58

Côte d'Ivoire

0,76

0

0

0

Cuba

5,8

0

0

0

Kuwait

23,94

124,2

2 560,93

26,99 times

Curaçao

0

0

1,3

9,28

Lesotho

0

0

0,22

0

Lebanon

11 399,19

59,64

718,54

70,48

Libya

799,72

3,1

2,95

0,44

Liechtenstein

0

0

5,71

0

Mauritius

0

0

14,26

22,24 times

Madagascar

0

0

138,53

550,39

Macedonia

0

0

703,58

130,88

Malaysia

218,67

2,51

40 866,17

305,28

the Maldives

0

0

1,09

0

Morocco

52,63

136,71

4 565,14

123,87 times

Marshall Islands

0

0

12,75

0

Mexico

24,35

200,9

20 424,83

371,2

Mozambique

2,03

0

13,2

36,01

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

Nigeria

13,15

87,31

8,4

0

New Zealand

0

0

11 966,79

72,42

Norway

870,11

55,1

92 415,82

419,82

United Arab Emirates (UAE)

4 556,96

135,2

42 225,96

103,73

Oman

5,03

31,39

34,9

56,48

Pakistan

250,24

131,22

1 287,93

56,85

Paraguay

0

0

59,71

450,97

Palestine

0

0

46,09

195,92

Peru

4,19

0

15,88

38,51

Polynesia

0

0

12,4

0

Puerto Rico (USA)

0

0

219,36

375,06

Samoa (USA)

0

0

0,22

0

Saudi Arabia

78,47

109,46

6 276,39

57,14

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

3 430,02

114,27

Seychelles

0

0

132

126,53

Singapore

212,72

0,36

96 750,76

641,89

Syria

0

0

106,04

90,84

United States of America (USA)

262 953,90

58,46

672 327,45

153,5

Sudan

42,12

113,56

0

0

Sierra-Leone

0

0

14,59

0

Tanzania

0

0

228,18

766,77

Taiwan

50 068,57

11,59

10 238,89

121,31

Thailand

166 877,85

25,01

20 099,19

93,08

Trinidad and Tobago

11,57

9,43

0

0

Tunisia

269 813,03

105,75

308,93

30,15

Turkey

233 279,14

61,77

826 629,22

90,29

Faeroe Islands

0

0

780,75

0

the Fiji Islands

0

0

0,14

0

Philippines

0

0

508,55

75,58

the Falkland Islands

0

0

11,2

0

Chile

0

0

1 244,25

156,94

Switzerland

75 626,66

56,95

44 820,09

70,54

Sri-Lanka

0

0

10 555,99

92,59

Uganda

0

0

45,6

0

Uruguay

0

0

156,8

4,85

Ecuador

1,52

90,68

14 020,62

269,07

Ethiopia

0

0

2,08

0

South African Republic

0,7

0,83

2 761,37

166,39

Jamaica

0

0

4 798,96

98,04

Japan

866,45

74,57

425 909,49

287,75

Others

596,04

70,93

0

0

CIS countries, total:

344 001,72

55,24

1 452 779,09

99,61

Belarus

5 887,82

51,43

58 039,23

94,44

Kazakhstan

10 835,19

46,57

66 079,50

39,77

Kyrgyzstan

3 297,84

13,26

1 096,64

92,42

Moldova

92,01

173,63

2 286,43

54,45

Uzbekistan

9 162,78

34,98

5 374,86

32,42

Russia

270 217,66

57,46

1 071 055,73

119,3

Tajikistan

5 658,23

270,06

0

0

Turkmenistan

27 126,53

101,82

18 341,25

408,9

Ukraine

11 723,68

30,88

230 505,44

75,23

source: Azerbaijani state customs committee

Boeing reports first quarter deliveries
Boeing reports first quarter deliveries
Kazakhstan expects positive dynamics in oil industry
Kazakhstan expects positive dynamics in oil industry
Southern Gas Corridor increases liquidity in European gas markets
Southern Gas Corridor increases liquidity in European gas markets
Loading Bars
Latest
France suspends all flights with Brazil due to virus variant
UK records another 2,472 coronavirus cases, 23 deaths
Boeing reports first quarter deliveries
Biden set to withdraw U.S. troops from Afghanistan by Sept. 11
Number of COVID-2019 cases across globe up by over 567,000 in past day — WHO
Iranian nuclear deal meeting in Vienna rescheduled to April 15
Kazakhstan expects positive dynamics in oil industry
Erdogan reveals stricter COVID-19 measures in Turkey during Ramadan
Iran's annual iron ore concentrate output nears 50mn tons
Deputy Finance Minister: Georgia ranks first in Europe with economic growth rate according to IMF
Southern Gas Corridor increases liquidity in European gas markets
Uzbekistan-India trade grows to record high in 2020
Azerbaijan plans to organize personal account system for auditors
China's 2M2021 import of Azerbaijani products surges in value
Exchange of all data necessary to conduct effective demining is required - OSCE MG
Baku to host international gymnastics competitions again
German gov't approves uniform nationwide COVID-19 response measures
Russia's daily COVID-19 cases record lowest in months
Iran to start 60% enrichment tonight: Nuclear spokesman
Israel to allow vaccinated tourists in starting late May
Biden confirms invitation to Putin to take part in climate summit
Presidents of Azerbaijan, Belarus have informal meeting
IMF unveils forecast on Azerbaijan's oil export for 2021-2022
Azerbaijani FM, Romanian ambassador stress high level of development of bilateral political relations (PHOTO)
Special equipment of Belarus assembled in Azerbaijan may be exported to Turkey
Azerbaijan's Foreign Ministry responds to Armenia's statement on War Trophy Park
President of Belarus pays working visit to Azerbaijan (PHOTO)
Moscow, Tehran attach great importance to North-South Corridor – Russian FM
Azerbaijani president gives weighty answer to Armenia’s disinformation campaign - Official (VIDEO)
Belarus reveals plans for oil purchases from Azerbaijan
Kazakhstan’s FlyArystan launching direct flights to Georgia
Iran's Energy Exchange announces products to be on sale on April 14
International Bank of Azerbaijan opens tender to buy printed materials
Azerbaijan's Aghdam needs to be fully rebuilt - German historian (VIDEO)
Azerbaijan's PM meets with BP's regional president
Ukraine may take part in restoration of Azerbaijan's liberated lands
Azerbaijani Finance Ministry places short-term bonds on auction
Iron ore concentrate production by major Iranian companies increases
President Ilham Aliyev: Pakistan was among countries that openly supported Azerbaijan from first days of confrontation
Iran’s Bahar Azadi gold coin price again falling
Sudan due to send first delegation to Israel next week
Liabilities of Bank Melli Iran’s Baku branch increase
Armenia obligated under int'l law to provide mine maps to Azerbaijan - Matthew Bryza
Footage from Azerbaijani Jabrayil's Sadi village (VIDEO)
Azerbaijan, Ukraine discuss full resumption of mutual flights
Oil exports via Barents Sea in Lukoil system increased
Hydrometeorology in Azerbaijan needs young experts for technologies - ministry
Azerbaijan shares latest data on mine clearance work carried out on liberated lands
Co-op between Iran, Russia to be effective in activating nuclear deal – Rouhani
2021 demand for OPEC crude to be higher than in 2020
Assets of Iranian Bank Melli's branch in Azerbaijan increase
On Independence Day eve Israel's population over 9.3m
Iran still waiting for S.Korea to provide solution, release its blocked assets
Azerbaijan issues data on number of COVID-19 vaccinated citizens
Azerbaijan confirms 2,457 more COVID-19 cases, 2,002 recoveries
OPEC revises up forecasts for Azerbaijan’s 2021 liquids supply
Rosatom can take part in developing green energy in Azerbaijan - expert
Repairing of last well in Iran's Naft Shahr field launched
Iran in favor of strengthening relations with Russia – President Rouhani
Azerbaijan Railways builds co-op on transiting additional goods
IMF talks forecast of money supply growth in Azerbaijan for 2021-2022
European Hydrogen Backbone’s updated cost revealed
IMF predicts growth for Azerbaijan's oil, non-oil GDP
Cargo movements in Iran’s Qeshm port down
Azerbaijan expects tourism sector to recover by summer
Plan on budget revenues surpassed in Kazakhstan
Scotland to ease some COVID-19 restrictions early
Around 70% of European infrastructure to start transporting hydrogen
U.S. will base 500 additional troops in Germany
Russia documents 8,173 coronavirus cases in past day, lowest figure since September 28
Kazakhstan names value of payments of compulsory vehicle insurance
Iran's mobile phone imports increase
Azerbaijani president signs order on hosting European Football Championship matches in Baku
Kazakhstan drafts pricing rules for exported crude oil, gas condensate
Retail trade indicators decrease in Kazakhstan
Kazakh Gas Refinery opens tender to buy spares
Kazakhstan records decrease in oil output
Belarusian IT company keen to expand its activities in Azerbaijan's transport sector
Iran’s Jam Petrochemical Company announces its production plan
Uzbekistan building modern wastewater treatment facility at Uzbekneftegaz GTL plant
Kazakh Gas Refinery opens tender to buy engines
Russian, Azerbaijani military discuss Iskander-M missile debris in Karabakh region - Russian official
Greece can take slightly more than 1 mcm/d via TAP
President Ilham Aliyev: Liberation of territories will be additional opportunities
President Ilham Aliyev: Armenians did it deliberately in order to erase legacy of Azerbaijani culture in order to erase these territories from our memories
Together with Russian president, we discussed issue about Iskander-M missile – Azerbaijani president
TAP supplies to Greece cause contraction in LNG imports
Kazakhstan attracts investments to develop national parks in Almaty region
European Commission makes statement on TAP
Russia’s Federal Air Transport Agency allows flights from Irkutsk to 3 countries
President Ilham Aliyev: I had a strong feeling during negotiations that Armenia doesn’t want a solution
President Ilham Aliyev: I think we need to be more active in order to try to build bridges
ADB focuses on renewable energy projects in Georgia
US eyes to continue negotiations on direct flights with Georgia
Bank of Georgia discusses revised outlook for country’s economic growth in 2021
Anabechdi company plans to produce textile in Georgia
Georgia to receive significant funds from IMF
Azerbaijan reveals 2M2021 data lending to energy, chemistry, natural resources sector
Georgian E-Space company looks to export its software
Death toll from coronavirus pandemic in Iran exceeds 65,000
All news