Foreign trade of Azerbaijan (2015)

The foreign trade turnover with 165 world countries amounted to $20.65 billion in 2015, or 33.4 percent less than in 2014. The volume of exports decreased by 47.66 percent and amounted to $11.4 billion compared to 2014. The volume of import increased by 0.36 percent and amounted to $9.2 billion.

Azerbaijan exported 2,477 goods and imported 6,231 different goods.

As of 2015, the nominal index of export exceeded import. This formed the foreign trade surplus to the amount of $2.2 billion.

At the same time, the exports amounted to $805.38 million, while imports exceeded $1 billion in December 2015.

The country's foreign trade surplus hit $206.7 billion.

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

Main products exported from Azerbaijan:

Name of the product

2015

Compared to 2014, %

cost, thousand dollars

Share in export volume, %

Crude oil

8 866 158,60

77,61

48,17

Oil products

751 921,59

6,58

55,09

Natural gas

200 739,68

1,76

65,88

Fruits and vegetables

311 929,00

2,73

107,16

Oil and butter

153 335,34

1,34

80,56

Spirits and soft drink

25 829,47

0,23

81,03

Aluminum

86 147,96

0,75

99,27

Ferrous metals, tons

34 916,27

0,31

79,5

Chemical products

79 985,81

0,7

105,08

Others

557 293,71

4,87

92,83

Source: Azerbaijani state customs committee

Most of Azerbaijan's exports as of 2015 (77.61 percent) fell to the export of crude oil. During the reporting period, the country exported oil worth $8.86 billion. The cost of crude oil exports decreased by 51.83 percent compared to 2014. This is connected with a decrease in the world oil prices.

Some 26.7 million tons of oil were transported via the Heydar Aliyev Baku-Tbilisi-Ceyhan (BTC) pipeline, 4.2 million tons - the Baku-Supsa pipeline, 1.19 million tons - via the Baku-Novorossiysk pipeline and 0.43 million tons were shipped by rail to Baku-Batumi in 2015.

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 2015 compared to 2014. The export of oil products from the country amounted to 2.198 million tons worth $751.9 million. This is by 44.9 percent less than the export for 2014 ($1.365 billion).

The export growth was 4.4 percent from year to year. The export of oil products ensured 6.58 percent of the country's total exports in 2015.

The export of gas from Azerbaijan (according to the meters) decreased by 1.87 percent in 2015. As of 2015, the share of gas in total exports amounted to 1.76 percent compared to 1.4 percent as of 2014, 2.93 percent in 2013, 2.71 percent in 2012 and 2.61 percent in 2011.

The gas supplied for export, according to the meters, amounted to 8.405 billion cubic meters in 2015 compared to 8.565 billion cubic meters in 2014.

Some 1.276 billion cubic meters in the amount of $200.74 million were registered upon the cargo customs declarations in 2015 compared to 1.826 billion cubic meters in the amount of $304.7 million in 2014. As a result, the physical gas exports dropped by 30 percent, and its revenues - by 34.1 percent.

Azerbaijan exported 276.8 million kilowatt / hours of electricity upon customs declarations in 2015 compared to 588.3 million kilowatts / hours exported in 2014. Azerbaijan exported electricity worth $16.2 million in 2015 compared to $31.26 million in 2014. The revenues sharply decreased here.

The exports of chemical products reached $79.9 million in 2015 or 0.7 percent of total exports. It increased by 5.08 percent compared to 2014.

The volume of exports of fruits and vegetables which are the basis of agricultural exports of Azerbaijan greatly increased. The exports of agricultural products in Azerbaijan increased by 7.16 percent in 2015 compared to 2014.The agricultural products are mainly supplied to the Russian markets. The logistics centers are being built in Azerbaijan and outside the country for storage, transportation, export and sale of agricultural products.

In this period, the largest amount of export fell on Italy in 2015. Thus, during this period Azerbaijan exported goods totaling $2.25 billion to Italy which makes up 19.73 percent of a total export volume. Oil and oil products are mainly exported to this country. Germany ($1.22 billion) and France $864.15 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 ($1.43 billion) in 2015. Some 15.59 percent of the Azerbaijani imports fell to it. Turkey ranks second - $1.17 billion and the US - third ($847.38 million).

Most of Azerbaijan's imports or 26.73 percent in the reporting period fell to the import of machinery, mechanisms, equipment, electrical equipment and spare parts. The machinery and equipment worth $2.46 billion were imported in 2015, which is by 4.57 percent less than in 2014.

The import of ferrous metals consolidated its positions in the country's foreign trade. The share of these products in a total import volume of the country hit 17.21 percent in 2015, while this volume was 1.58 billion manat in nominal terms or by 56.24 percent more than in 2014.

Many vehicles and spare parts worth $1.21 billion (a share in total imports - 13.2 percent) were supplied to the country. The car imports increased by almost 44.54 percent compared to 2014.

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

Some 26,785 cars were imported to Azerbaijan in 2015 compared to 63,368 cars imported in 2014.

Some 23,765 vehicles of the total number of vehicles imported during this period accounted for the cars and motor vehicles. Some 57,615 cars and motor vehicles were imported into the country in 2014. Moreover, some 1,961 trucks were imported to Azerbaijan in 2015 (5,054 trucks in 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 wood and wood products significantly increased in 2015 (by 78.22 percent compared to 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

2015

Compared to 2014, %

cost, thousand dollars

Share in export volume, %

Meat

19 858,44

0,22

102,04

Butter

22 392,65

0,24

89,15

Milk

5 761,70

0,06

76,56

Grain

296 831,04

3,22

100,98

Cars, mechanisms, electric goods, equipment

2 465 306,51

26,73

95,43

Vehicles and spare parts

1 217 145,99

13,2

144,57

Wood and wooden goods

229 777,21

2,49

178,22

Ferrous metals, tons

1 586 803,60

17,21

156,24

Furniture and its parts

100 745,53

1,09

87,6

Pharmaceutical goods

270 684,49

2,94

119,8

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-November.

These countries formed the foreign trade turnover of Azerbaijan by 40.99 percent or $8.464 billion, while the EU countries - by 46.96 percent ($8.892 billion). Only 12.05 percent or $2.486 billion accounted for the CIS.

Azerbaijan's exports to the EU countries amounted to $6.751 billion in 2015, or 59.1 percent of a total export volume amid a 43.6 percent decrease. Imports from EU ($2.943 billion) decreased by 5.18 percent and amounted to 31.92 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 $3.808 billion. This exceeded the country's foreign trade surplus.

The exports to the countries-non-EU and CIS members dropped by 55.99 percent - to $4.147 billion in 2015 or 36.3 percent of a total export volume, while imports increased by 7.93 percent and hit $4.317 billion or 46.82 percent of the total import volume. As a result, Azerbaijan received a $0.169 billion red ink with these countries.

The exports to the CIS countries for the period totaled $0.525 billion (4.6 percent of the total export volume) by decreasing by 37.31 percent and imports - $1.961 billion (21.27 percent) by decreasing by 5.86 percent. As a result, the country had a red ink in trading with them to the amount of $1.436 billion.

During this period, about 7,159 legal and physical entities were involved in foreign trade operations, including 3,593 - legal entities and 3,566 - physical entities.

The share of public sector in exports totaled $10.1 billion, private sector - $1.1 billion, the share of physical entities - $223 million.

The share of public sector in import operations amounted to over $1.6 billion, the private sector - $7.2 billion, physical entities -$344.3 million.

Azerbaijan's trade operations with foreign countries in 2015:

Country

Export, thousand dollars

Compared to 2014, %

Import, thousand dollars

Compared to import in 2014, %

Total

11 424 477,34

52,34

9 221 402,86

100,36

Including

European countries, total

6 751 671,75

58,37

2 943 312,60

94,82

Austria

407 348,42

117,89

118 444,80

133,4

Belgium

13 028,16

878,61

80 139,39

82,87

Bulgaria

497,95

0,81

12 721,64

20,05

Great Britain

10 666,07

8,44

553 325,50

56,56

Hungary

240,86

0,34

27 719,28

115,8

Germany

1 223 962,02

63,56

690 082,40

98,08

Greece

145 748,31

56,94

16 175,53

25,59

Denmark

72,05

9,51

16 638,00

86,96

Ireland

52 235,82

1091,91 times

11 888,73

98,39

Spain

316 057,36

40,33

61 561,15

124,28

Italy

2 254 330,50

46,91

587 767,51

215,58

Cyprus

8,64

0

9 754,24

115,44

Latvia

800,47

94,68

8 342,43

86,13

Lithuania

512,94

72,99

26 941,86

90,88

Luxemburg

179,83

113,13

8 771,96

222,67

Malta

141 929,30

164,52

98,95

35,75

Netherlands

101 792,09

531,96

102 826,47

54,45

Poland

6 508,96

39,86

90 732,69

145,52

Portugal

368 874,42

66,81

26 204,50

403,81

Romania

83 934,47

97,31

64 709,31

115,87

Slovakia

55,61

175,81

21 586,11

113,4

Slovenia

9 429,90

716,92 times

14 555,99

168,35

Finland

189,17

614,12

34 545,24

48,75

France

864 155,79

56,72

212 250,59

134,88

Croatia

199 208,64

63,92

1 369,89

12,12

Czech Republic

549 516,25

92,82

58 376,58

127,08

Sweden

134,36

38,59

80 083,95

161,28

Estonia

253,39

113,65

5 697,93

129,76

Other countries, total:

4 147 415,70

44,01

4 317 029,53

107,91

Albania

0

0

6,8

125,01

Australia

613,72

187,79

9 105,29

197,52

Algeria

133,85

19,88

72,09

29,67

Anguilla

0

0

5

0,09

Angola

101,41

47,76

0

0

Andorra

0

0

57,85

180,68

Argentina

8,04

13,72

15 155,36

137,94

Aruba

7,67

43,72

0

0

Afghanistan

208 426,59

75,52

0

0

Bahamas

0

0

2,16

223,14

Bangladesh

0

0

2 213,76

265,42

Bahrain

40,75

187,11

283,3

203,45 times

Belize

0

0

69,45

2,36

the Bermudas

8,43

67,28

0

0

Bosnia and Herzegovina

0,51

0,13

471,47

100,4

Botswana

0

0

1,2

0

Brazil

192,27

59,63

119 710,00

54,06

Brunei Darussalam

224,65

60,08 times

0,33

246,47

Bhutan

0

0

3,79

0

Virgin Islands (Great Britain

0

0

549,53

55,49

Venezuela

67,23

11,50 times

7 636,46

153,74

Vietnam

3 880,12

5,15

9 701,23

220,97

Gabon

100,48

336,3

0

0

Haiti

0

0

0,1

0

Ghana

207,65

0

0

0

Guyana

0

0

87,52

0

Guatemala

0

0

0,12

0

Guinea

0,12

0

0

0

Honduras

0

0

2,72

0

Hong Kong

567,12

271,41

1 996,45

106,38

Greenland

0

0

47,19

90,27

Georgia

365 954,58

69,11

67 992,60

72,42

Guam (U.S)

0

0

13,65

0

Jabalia

82 732,56

128,2

11,97

72,9

Dominique

0

0

84,75

27,68

Egypt

109,52

0,12

3 595,72

144,99

Israel

801 533,44

45,36

24 871,70

103,81

India

270 235,08

34,72

34 797,28

94,18

Indonesia

477 818,85

23,74

19 914,59

60,8

Jordan

13,82

34,92

718,87

75,33

Iceland

9,59

0

1 123,60

83,96

Iraq

187 480,53

79,24

218,35

54,83

Iran

33 330,52

84,51

90 455,36

61,47

Cape Verde

0

0

0,12

0

Cambodia

0

0

167,13

163,6

Cameroon

1,96

0

0

0

Cocos (Keeling) Islands

0

0

0,05

0

Cayman Islands

2,66

11,73

21,66

0

Canada

223 722,62

101,58

16 632,12

48,21

Qatar

484,33

146,46

17,31

105,31

Congo

554,58

990,60 times

0

0

Kenya

15,58

0

44,42

34,09

Kiribati

0

0

14,75

0

China

53 194,76

83,3

511 904,64

73,44

Columbia

54,2

60,75 times

468,13

420,49

Korea

0

0

0,44

0

Republic of Korea

38,79

280,5

133 946,41

71,9

Costa-Rica

0

0

408,86

130,76

Côte d'Ivoire

1,26

0

0,35

80,84

Cuba

5,8

0

68,78

155,88

Kuwait

46,91

173,61

3 880,45

955,14

Curaçao

0

0

1,3

9,28

Lesotho

0

0

0,22

0

Lebanon

11 399,19

32,48

937,04

61,01

Libya

799,72

3,1

2,95

0,32

Liechtenstein

0

0

15,06

13,32 times

Mauritius

0

0

14,26

22,24 times

Mauritania

0,21

0

0

0

Madagascar

0

0

148,98

414,41

Macedonia

0

0

774,38

111,71

Malawi

0

0

51,04

0

Malaysia

11 159,95

98,82

77 840,68

355,81

Mali

0

0

1,21

0

the Maldives

0

0

1,09

0

Morocco

53,58

139,16

4 587,13

82,35 times

Marshall Islands

0

0

18,65

13,07

Mexico

42,56

52,79

22 217,71

311,72

Mozambique

2,03

0

13,2

36,01

Monaco

0

0

2,01

0

Mongolia

172,47

62,45

0

0

Montenegro

3,79

4,47

0,47

126,83

Myanmar

0

0

23,36

150,8

Maine

78,93

92,15

0

0

Namibia

0

0

0,48

0

Nepal

66,11

0

0

0

Niger

0

0

2,8

0

Nigeria

13,54

25,4

9,07

43,11

Nicaragua

0

0

0,06

0

New Zealand

0

0

17 531,75

83,62

Norway

1 151,96

57,05

144 275,01

452,24

United Arab Emirates (UAE)

5 698,80

131,84

66 669,69

109,03

Oman

12,4

59,43

56,08

71,04

Pakistan

293,65

150,86

1 703,03

65,31

Panama

70,19

4,07

0

0

Papua New Guinea

8,15

799,52

0

0

Paraguay

0

0

122,47

925,04

Palestine

0

0

46,09

128,34

Peru

4,19

0

28,55

68,17

Polynesia

0

0

12,4

0

Puerto Rico (USA)

0

0

253,31

318,5

El Salvador

0

0

1,04

0

Samoa (USA)

0

0

0,22

5,49

Saudi Arabia

184,77

143,63

9 062,58

62,37

San Marino

0

0

190,72

138,99

Sao Tomé and Príncipe

0

0

5,16

0

Saint-Pierre et Miquelon

0

0

3,64

0

Swaziland

0

0

456,54

0

Saint-Martin

0

0

0,38

0

Serbia

40,97

796,24

3 954,45

103,21

Seychelles

0

0

132

77,67

Singapore

281,7

0,47

103 489,47

249,62

Syria

0

0

123,19

98,06

United States of America (USA)

337 704,40

45,28

847 389,38

150,4

Sudan

42,12

60,99

0

0

Sierra-Leone

0

0

112,79

0

Tanzania

0

0

480,84

16,16 times.

Taiwan

112 460,59

26,03

29 203,81

251,39

Thailand

259 115,75

30,85

23 874,12

79,87

Trinidad and Tobago

18,93

15,43

0

0

Tunisia

291 730,11

69,36

474,06

43,47

Turkey

304 298,40

60,56

1 171 385,43

91,05

Faeroe Islands

0

0

780,75

0

the Fiji Islands

0

0

0,14

0

Philippines

108,57

0

669,24

82,09

the Falkland Islands

0

0

11,2

0

Chile

0

0

1 655,76

142,34

Switzerland

96 792,31

62,47

99 204,73

105,14

Sri-Lanka

0

0

14 611,14

91,86

Uganda

0

0

45,6

0

Uruguay

0

0

219,59

3,81

Ecuador

3,63

41,79

18 491,05

264,21

Ethiopia

0

0

1,02

48,96

South African Republic

4,7

5,16

3 031,82

176,45

Jamaica

0,07

0

13 998,63

123,97

Japan

871,31

70,79

558 097,74

232,05

Others

803,39

77,65

0

0

CIS countries, total:

525 389,88

62,69

1 961 060,74

94,14

Belarus

10 044,08

66,54

83 630,49

99,63

Kazakhstan

17 957,86

60,18

98 925,59

44,75

Kyrgyzstan

6 560,97

25,43

1 604,18

94,21

Moldova

448,26

655,58

3 559,54

65,52

Uzbekistan

10 872,76

28,69

6 168,73

26,13

Russia

416 770,78

65,09

1 437 901,25

109,39

Tajikistan

6 443,81

244,39

0

0

Turkmenistan

32 814,87

86,35

19 619,01

148,65

Ukraine

23 476,49

48,45

309 651,94

73,8

source: Azerbaijani state customs committee

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