Foreign trade of Azerbaijan (January-October 2015 )

The foreign trade turnover with 158 world countries amounted to $17.21 billion in January-October 2015, or 35.21 percent less than in January-October 2014. The volume of exports decreased by 49.13 percent and amounted to $9.76 billion compared to January-October 2014. The volume of import increased by 1.08 percent and amounted to $7.44 billion.

Azerbaijan exported 2,333 goods and imported 6,005 different goods.

As of January-October 2015, the nominal index of export exceeded import. This formed the foreign trade surplus to the amount of $2.32 billion.

The country's foreign trade surplus exceeded $11.83 billion in January-October 2014.

At the same time, the exports amounted to $995.04 million, while imports - $862.23 million in October 2015. As a result, a foreign trade surplus worth almost $132.81 million was formed in October.

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

Main products exported from Azerbaijan

Name of the product

Jan.-Oct. 2015

Compared to Jan.-Oct. 2014 , %

cost, thousand dollars

Share in export volume, %

Crude oil

7 589 061,01

77,72

46,57

Oil products

645 045,33

6,61

54,49

Natural gas

186 717,51

1,91

72,63

Fruits and vegetables

222 313,31

2,28

102,32

Oil and butter

126 150,67

1,29

78,35

Spirits and soft drink

21 128,58

0,22

74,96

Aluminum

72 941,88

0,75

104,1

Ferrous metals, tons

28 281,43

0,29

77,21

Chemical products

75 098,91

0,77

129,22

Others

497724,91

5,09

95,92

Source: Azerbaijani state customs committee

Most of Azerbaijan's exports as of January-October 2015 (77.72 percent) fell to the export of crude oil. During the reporting period, the country exported oil worth $7.58 billion. The cost of crude oil exports decreased by 53.43 percent compared to January-October 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 October 2015 compared to September. The export of oil products from the country amounted to 1.822 million tons worth $645.04 million in January-October 2015. This is by 45.5 percent less than the export for the same period of 2014 ($1.184 billion).

The export growth was 4.8 percent from year to year. The export of oil products ensured 6.61 percent of the country's total exports in January-October.

The export of gas from Azerbaijan (according to the meters) decreased by 2.67 percent in January-October. The gas supplied for export, according to the meters, amounted to 6.760 billion cubic meters in January-October 2015 compared to 6.945 billion cubic meters in January-October 2014.

Azerbaijan also supplied 1.754 million tons of gas condensate compared to 1.826 million in January-October 2014 via BTC oil pipeline.

Azerbaijan exported 248.07 million kilowatt / hours of electricity upon customs declarations in January-October 2015 compared to 498 million kilowatts / hours exported in the same period in 2014. Azerbaijan exported electricity worth $14.73 million in January-October 2015 compared to $25.54 million for the same period in 2014.

The exports of chemical products reached $72.09 million in January-October or 0.77 percent of total exports. It increased by 29.22 percent 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 $1.97 billion to Italy which makes up 20.19 percent of a total export volume. Oil and oil products are mainly exported to this country.

Germany ($1.083 billion) and France $662.86 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-October 2015. About $1.212 billion (16.30 percent) of the Azerbaijani imports fell to it. Turkey ranks second - $918.53 million and the US - third ($743.58 million).

Most of Azerbaijan's imports or 24.86 percent in the reporting period fell to the import of machinery, mechanisms, equipment, electrical equipment and spare parts. The machinery and equipment worth $1.84 billion were imported in January-October 2014, which is by 10.11 percent less than in January-October 2014.

Many vehicles and spare parts worth $1.08 billion (a share in total imports - 14.63 percent) were supplied to the country. The car imports increased twofold (170.84 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 24,219 cars were imported to Azerbaijan in January-October 2015 compared to 52,086 cars imported in the same period of 2014.

Some 21,497 vehicles of the total number of vehicles imported in January-October 2015 accounted for the cars and motor vehicles. Some 47,379 cars and motor vehicles were imported into the country in January-October 2014. Moreover, some 1,750 trucks were imported to Azerbaijan in January-October 2015 (4,125 trucks in January-October 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 17.69 percent in January-October 2015, while this volume was 1.31 billion manat in nominal terms or by 70.20 percent more than in 2014.

The import of wood and wood products significantly increased in January-October 2015 (by 84.16 percent compared to January-October 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.-Oct. 2015

Compared to Jan.-Oct. 2014, %

cost

(thousand dollars)

Import volume share, %

Meat

15 075,41

0,2

95,88

Butter

18 333,08

0,25

86,83

Milk

4 739,25

0,06

87,44

Grain

258 519,11

3,47

113,13

Cars, mechanisms, electric goods, equipment

1 849 499,96

24,86

89,89

Vehicles and spare parts

1 088 512,89

14,63

170,84

Wood and wooden goods

198 695,33

2,67

184,16

Ferrous metals, tons

1 316 131,42

17,69

170,2

Furniture and its parts

85 240,32

1,15

98,64

Pharmaceutical goods

218 785,64

2,94

114,8

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 41.3 percent or $7.104 billion, while the EU countries - by 46.8 percent ($7.104 billion). Only 11.9 percent or $2.047 billion accounted for the CIS.

Azerbaijan's exports to the EU countries amounted to $5.784 billion in January-October, or 59.2 percent of a total export volume amid a 43.6 percent decrease. Imports from EU ($2.270 billion) decreased by 10.6 percent and amounted to 30.5 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 $3.514 billion. This exceeded the country's foreign trade surplus ($2.324 billion).

The exports to the countries-non-EU and CIS members dropped by 56.6 percent - to $3.573 billion in January-October or 36.6 percent of a total export volume, while imports increased by 11.5 percent and hit $3.530 billion or 47.5 percent of the total import volume. As a result, Azerbaijan received a $0.043 billion red ink with these countries.

The exports to the CIS countries for the period totaled $0.407 billion (4.17 percent of the total export volume) by decreasing by 43 percent and imports - $1.640 billion (22.4 percent) by decreasing by 0.9 percent. As a result, the country had a red ink in trading with them to the amount of $1.233 billion.

During this period, about 6,355 legal and physical entities were involved in foreign trade operations, including 3,340 - legal entities and 3,015 - physical entities.

The share of public sector in exports totaled $8.65 billion, private sector - $954.94 million, the share of physical entities - $155.53 million.

The share of public sector in import operations amounted to over $1.28 billion, the private sector - $5.88 billion, physical entities -$285.67 million.

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

Country

Export, thousand dollars

Compared to January-October 2014, %

Import, thousand dollars

Compared to import in January-October 2014, %

Total

9 764 978,13

50,87

7 440 929,84

101,08

Including

European countries, total

5 784 103,59

56,44

2 270 543,89

89,38

Austria

349 834,12

101,38

69 350,68

96,72

Belgium

12 537,73

875,69

47 791,59

66,22

Bulgaria

0

0

10 170,62

16,54

Great Britain

6 805,13

5,52

396 160,91

47,42

Hungary

82,79

0,12

24 259,79

120,52

Germany

1 083 752,96

63,34

583 004,43

105,7

Greece

145 450,05

70,97

11 663,37

22,86

Denmark

24,81

3,32

13 175,59

83,84

Ireland

25 855,44

540,69 times

8 868,28

79,5

Spain

290 594,98

44,89

53 114,39

130,03

Italy

1 971 765,52

45,09

408 697,85

194,37

Cyprus

8,64

0

9 730,53

115,25

Latvia

405,13

51,19

6 696,79

82,29

Lithuania

362,02

51,63

25 544,39

90,09

Luxemburg

69,67

67,72

8 166,08

318,13

Malta

124 961,18

274,98

48,27

18,35

Netherlands

96 533,56

585,94

84 280,95

57,64

Poland

5 102,35

34,96

73 438,08

137,96

Portugal

312 645,21

86,53

25 203,19

572,99

Romania

81 641,69

94,96

50 530,99

106,44

Slovakia

9,54

30,17

17 409,50

119,04

Slovenia

9 428,06

716,78 times

12 575,06

176,21

Finland

156,94

576,74

31 695,18

45,75

France

662 868,12

48,1

169 400,76

134,81

Croatia

141 490,23

53,37

1 206,36

10,74

Czech Republic

461 424,65

85,38

52 011,09

138,84

Sweden

74,49

62,43

70 797,58

232,33

Estonia

218,58

131,63

5 551,59

141,85

Other countries, total:

3 573 729,46

43,41

3 530 370,58

111,51

Albania

0

0

6,69

279,77

Australia

574,28

211,58

8 198,15

204,28

Algeria

85,73

15,02

65,44

30,63

Anguilla

0

0

5

0,64

Angola

68,28

34,77

0

0

Andorra

0

0

48,6

230,87

Argentina

8,04

27,68

13 500,61

149,03

Aruba

4,93

28,11

0

0

Afghanistan

173 757,87

77,82

0

0

Bahamas

0

0

1,56

160,94

Bangladesh

0

0

1 926,82

335,35

Bahrain

24,59

112,92

283,3

203,45 times

Belize

0

0

69,45

2,41

Bosnia and Herzegovina

0,51

0,13

405,7

93,64

Botswana

0

0

1,2

0

Brazil

171,54

72,03

89 650,21

52,28

Brunei Darussalam

223,9

59,88 times

0,33

246,47

Bhutan

0

0

3,79

0

Virgin Islands (Great Britain

0

0

288,64

36,1

Venezuela

52,84

0

7 636,46

153,74

Vietnam

3 863,68

5,13

5 189,29

155,3

Gabon

99,43

332,78

0

0

Haiti

0

0

0,1

0

Ghana

91,82

0

0

0

Guyana

0

0

87,31

0

Guinea

0,12

0

0

0

Honduras

0

0

2,72

0

Hong Kong

557,05

356,06

1 325,31

215,01

Greenland

0

0

47,19

361,09

Georgia

327 521,42

75,13

57 073,66

67,53

Guam (U.S)

0

0

13,65

0

Jabalia

82 591,96

127,98

10

0

Dominique

0

0

70,35

23,08

Egypt

96,05

0,12

3 200,88

185,37

Israel

628 386,93

43,72

17 856,06

222,45

India

219 232,34

31,95

29 007,16

93,67

Indonesia

477 791,50

24,54

19 443,34

64,37

Jordan

1,69

5,02

582,46

99,7

Iceland

0

0

563,74

84

Iraq

153 825,79

76,55

199,62

53

Iran

26 175,17

83,49

72 631,69

56,76

Cambodia

0

0

148,23

147,64

Cameroon

1,96

0

0

0

Cocos (Keeling) Islands

0

0

0,05

0

Cayman Islands

2,66

11,73

21,66

0

Canada

149 720,10

67,99

14 747,39

51,04

Qatar

161,42

60,8

13,57

83,26

Congo

554,58

990,60 times

0

0

Kenya

13,86

0

43,21

42,91

Kiribati

0

0

14,75

0

China

45 460,07

91,43

416 778,89

78,76

Columbia

36,34

40,73 times

458,36

721,19

Korea

0

0

0,44

0

Republic of Korea

8,78

65,85

116 607,44

74,37

Costa-Rica

0

0

288,08

107,7

Côte d'Ivoire

0,76

0

0,35

80,84

Cuba

5,8

0

0

0

Kuwait

41,41

153,25

2 648,36

27,91 times

Curaçao

0

0

1,3

9,28

Lesotho

0

0

0,22

0

Lebanon

11 399,19

32,49

720,24

64,39

Libya

799,72

3,1

2,95

0,37

Liechtenstein

0

0

5,71

505,33

Mauritius

0

0

14,26

22,24 times

Madagascar

0

0

138,73

551,18

Macedonia

0

0

730,94

115,8

Malawi

0

0

51,04

0

Malaysia

3 125,47

35,92

43 934,64

303,45

the Maldives

0

0

1,09

0

Morocco

52,63

136,71

4 570,95

124,03 times

Marshall Islands

0

0

12,75

0

Mexico

25,84

180,98

20 574,20

357,82

Mozambique

2,03

0

13,2

36,01

Monaco

0

0

2,01

0

Mongolia

79,67

44,91

0

0

Montenegro

0,75

0,89

0,47

126,83

Myanmar

0

0

23,36

150,8

Nepal

66,11

0

0

0

Nigeria

13,54

89,83

8,4

0

New Zealand

0

0

13 975,58

79,12

Norway

904,73

57,05

114 840,62

506,2

United Arab Emirates (UAE)

5 025,01

143,17

46 209,14

98,64

Oman

12,4

59,43

54,7

88,52

Pakistan

251,35

131,81

1 369,09

58,32

Paraguay

0

0

67,8

512,07

Palestine

0

0

46,09

195,92

Peru

4,19

0

27,38

66,4

Polynesia

0

0

12,4

0

Puerto Rico (USA)

0

0

220,37

348,86

Samoa (USA)

0

0

0,22

5,49

Saudi Arabia

78,47

109,46

6 276,39

57,14

San Marino

0

0

179,25

226,42

Sao Tomé and Príncipe

0

0

5,16

0

Saint-Martin

0

0

0,38

0

Serbia

26,63

517,47

3 588,75

117,09

Seychelles

0

0

132

77,67

Singapore

82,3

107,36

7 401,14

63,02

Syria

246,24

0,41

98 373,42

276,56

United States of America (USA)

316 688,86

48,67

743 580,66

160,19

Sudan

42,12

77,35

0

0

Sierra-Leone

0

0

14,59

0

Tanzania

0

0

228,18

766,77

Taiwan

112 457,79

26,03

10 690,70

107,44

Thailand

215 102,73

32,24

21 398,72

84,64

Trinidad and Tobago

11,59

9,45

0

0

Tunisia

269 826,79

90,23

356,61

34,79

Turkey

260 064,81

61,17

918 539,55

88,61

Faeroe Islands

0

0

780,75

0

the Fiji Islands

0

0

0,14

0

Philippines

0,05

0

533,34

74,81

the Falkland Islands

0

0

11,2

0

Chile

0

0

1 371,49

160,21

Switzerland

84 624,75

59,81

80 715,66

115,36

Sri-Lanka

0

0

11 448,14

90,06

Uganda

0

0

45,6

0

Uruguay

0

0

186,78

5,76

Ecuador

3,63

216,19

15 032,35

251,11

Ethiopia

0

0

2,08

0

South African Republic

1,95

2,29

2 982,12

177,81

Jamaica

0

0

7 525,21

153,53

Japan

866,45

74,25

476 368,63

289,95

Others

676,42

74,12

0

0

CIS countries, total:

407 145,08

57,04

1 640 015,37

99,1

Belarus

7 987,17

61,78

66 964,84

101,18

Kazakhstan

13 075,42

50,67

74 446,84

41,25

Kyrgyzstan

4 530,14

18,22

1 177,87

84,51

Moldova

99,48

187,73

2 722,53

59,66

Uzbekistan

9 488,65

29,05

5 669,21

30,06

Russia

322 220,07

59,28

1 212 719,26

116,85

Tajikistan

5 843,38

258,64

0

0

Turkmenistan

28 681,53

92,95

19 219,01

329,09

Ukraine

15 219,24

37,28

257 095,81

75,72

source: Azerbaijani state customs committee

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