Foreign trade of Azerbaijan (January-June 2016)

Azerbaijan’s foreign trade turnover decreased by 28 percent and totalled $7.87 billion in H1 2016, as compared to the same period in 2015. The volume of export decreased by 38.65 percent and stood at $3.8 billion, as compared to January-June 2015. The volume of import decreased by 13.98 percent and totaled $4.05 billion. Azerbaijan exported 2,060 types of goods and imported 6,520 different goods.

The first half of 2016 ended with negative balance in the amount of $225.77 million, while $1.5 billion worth surplus was recorded as of June 2015.

As in previous periods, oil, gas and oil products were the main products exported from Azerbaijan in January-June 2016.

Main products exported from Azerbaijan

Products

January-June 2016

Compared to January-June 2015, %

Cost (thousand dollars)

Share in export volume, %

Crude oil

2 910 073.32

76.15

60.89

Oil products

203 617.87

5.33

47.85

Natural gas

113 972.56

2.98

79.21

Fruits and vegetables

166 505.69

4.36

132.66

Vegetable oils and animal fats

7 697.56

0.2

9.81

Alcoholic and nonalcoholic beverages

9 697.79

0.25

86.91

Aluminum and aluminum products

43 347.80

1.13

99.18

Ferrous metals, tons

44 005.33

1.15

393.58

Chemicals

27 038.98

0.71

42.85

Others

194308.50

5.10

52.87

Source: Azerbaijan’s State Customs Committee

The major part of Azerbaijan’s export in January-June 2016 (76.15 percent) accounted for the export of crude oil. During the reporting period, the country exported oil worth $2.91 billion. The cost of crude oil export decreased by 39.11 percent compared to January-June 2015 due to the decrease in world oil prices.

SOCAR supplies oil from Azerbaijan to more than 30 countries in Europe, Asia and America. The largest importers are Italy (25 percent), Germany (13 percent), Indonesia (10 percent), Israel (9 percent) and France (8 percent).

The export of oil products stood at around 878,158 tons in January-June 2016, or 25.54 percent less than in the same period in 2015 (1,179,424 tons), according to Azerbaijan’s State Customs Committee.

The revenues from this export were estimated at $203.618 million as compared to $425.532 million (-52.15 percent) a year earlier. The export was estimated at 148,702 tons worth $47.400 million in June 2016. The oil products export accounted for 5.33 percent of the total volume of export from Azerbaijan as of H1 2016.

The export of gas from Azerbaijan decreased by 25.54 percent in physical terms in January-June 2016 and 52.15 percent in financial terms from year to year. The volume of gas supplied for export, has amounted to 714,396,480 cubic meters since early 2016 compared to 895,927,620 cubic meters a year earlier, while revenues reached $113,972,560 compared to $43883,900. The share of gas in the total export was estimated at 2.98 percent in January-June 2016 compared to 1.76 percent for 2015.

The growth was observed in exports of ferrous metals in January-June. The export of ferrous metals increased by nearly fourfold, amounting to $44 million or 1.15 percent of total exports in January-June 2016.

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 32.66 percent in January-June 2016 compared to January-June 2015. 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 accounted for Italy in January-June 2016. Thus, during this period Azerbaijan exported goods totaling $760.84 million to Italy which makes up 19.91 percent of a total export volume. Oil and oil products are mainly exported to this country.

France ($344.71 million) and Germany $332.27 million) hold leading positions. Italy has maintained its leading position since 2008 excluding early three months. Turkey took a lead in January and the US in February and March 2008.

Russia ranks first on the largest import volume ($742.75 million) in January-June 2016. Some 18.35 percent of the Azerbaijani imports accounted for it. Turkey ranks second - $526.83 million and China - third ($257.88 million).

Most of Azerbaijan’s imports or 23.02 percent in the reporting period accounted for the import of machinery, mechanisms, equipment, electrical equipment and spare parts. The machinery and equipment worth $931.72 million were imported in January-June 2016, which is by 7.4 percent less than in January-June 2015.

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 reached 14.27 percent in January-June 2016, while this volume was 577.60 million manat in nominal terms or by 28.8 percent less than in January-June 2015.

Vehicles and spare parts worth $507.50 million (a share in total imports – 12.54 percent) were supplied to the country. The car imports decreased by 45.96 percent compared to January-June 2015.

In the first half of 2016, Azerbaijan reduced import of cars by nearly 7 times. Some 2,573 cars were imported to Azerbaijan in January-June 2016 compared to 17,640 cars imported in the same period of 2015.

Some 2,222 vehicles of the total number of vehicles imported during this period accounted for the cars and motor vehicles. Some 15,745 cars and motor vehicles were imported into the country in January-June 2015. Moreover, some 252 trucks were imported to Azerbaijan in January-June (1,126 trucks in January-June 2015). 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. The standard 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.

Main products imported to Azerbaijan

Products

Jan.-June 2016

Compared to Jan.-June 2015, %

cost

(thousand dollars)

Import volume share, %

Meat

13 854,22

0,34

133,96

Butter

27 569,51

0,68

218,32

Milk

3 423,83

0,08

116,72

Grain

129 132,59

3,19

68,85

Cars, mechanisms, electric goods, equipment

931 745,31

23,02

92,6

Vehicles and spare parts

507 500,60

12,54

54,04

Wood and wooden goods

81 043,04

2

62,43

Ferrous metals, tons

577 601,23

14,27

71,2

Furniture and its parts

54 692,16

1,35

91,69

Pharmaceutical goods

93 107,22

2,3

69,74

source: Azerbaijani state customs committee

According to the Azerbaijani State Customs Committee, the countries-non-EU and CIS members kept their status as the main trading partners of the country in January-June. These countries formed the foreign trade turnover of Azerbaijan by 43.50 percent or $3.423 billion, while the EU countries - by 39.99 percent ($3.147 billion). Only 16.13 percent or $1.270 billion accounted for the CIS.

Azerbaijan’s exports to the EU countries amounted to $2.046 billion in January-June, or 53.54 percent of a total export volume ($3.821 billion) amid a 46.23 percent decrease. Imports from EU ($1.101 billion) decreased by 17.21 percent and amounted to 27.2 percent of a total import volume ($4.047 billion). As a result, the country had a black ink of trade balance with the EU at the level of $0.945 billion compared to the country's total trade deficit - $0.226 billion.

The exports to the countries-non-EU and CIS members dropped by 32.97 percent - to $1.462 billion in January-June or 38.25 percent of a total export volume, while imports - by 16.24 percent and reached $1.961 billion or 48.46 percent of the total import volume. As a result, the deficit worth $0.342 billion was observed in Azerbaijan’s trade relations with these countries.

The exports to the CIS countries for the period totaled $0.314 billion (8.21 percent of the total export volume) by increasing by 1.27 times and imports - $0.985 billion (24.34 percent) by decreasing by 4.72 percent. As a result, the country had a red ink in trading with them to the amount of $0.641 billion.

During this period, about 8,760 legal and physical entities were involved in foreign trade operations, including 4,002 - legal entities and 4,758 - physical entities.

The share of public sector in exports totaled $3.3 billion, private sector – $390.8 million, the share of physical entities - $123.15 million.

The share of public sector in import operations amounted to $660.9 million, the private sector - $3.14 billion, physical entities -$242.06 million.

Azerbaijan’s trade operations with foreign countries in Jan.-June 2016

Country

Export, thousand dollars

Compared to Jan.-June 2015, %

Import, thousand dollars

Compared to Jan.-June 2015, %

Total

3 821 461,66

61,33

4 047 231,98

86,02

Including

European countries, total:

2 045 957,80

53,77

1 100 720,67

82,79

Austria

19 576,43

6,68

43 341,97

88,3

Belgium

1 700,38

13,84

28 859,88

96,39

Bulgaria

166,45

0

15 484,89

254,57

Great Britain

3 833,94

125,98

253 856,52

126,41

Hungary

819,48

23,90 times

19 399,74

142,03

Germany

332 272,52

43,17

171 568,01

44,76

Greece

396,48

0,43

5 236,48

64,58

Denmark

20,78

98,91

9 636,01

128,41

Ireland

23 410,74

90,56

11 724,95

243,63

Spain

64 849,22

50,37

22 450,29

83,17

Italy

760 848,79

57,51

180 562,05

78,03

Cyprus

1 024,56

118,52 d.f.

218,44

2,27

Latvia

269

153,85

3 557,61

84,06

Lithuania

1 510,97

760,94

5 204,95

40,23

Luxemburg

13,48

57,79

2 050,37

32,5

Malta

34 819,47

44,88

13,09

49,49

Netherlands

28 237,64

31,23

44 339,16

103,35

Poland

3 016,36

112,5

31 136,27

117,83

Portugal

134 623,99

82,21

6 493,08

50,89

Romania

53 471,70

119,38

37 144,60

206,83

Slovakia

25,51

318,92 times

14 527,15

144,47

Slovenia

2 188,34

23,23

7 412,04

96,54

Finland

150,77

384,07

7 083,29

33,22

France

344 718,25

83,89

73 739,67

59,59

Croatia

50 076,64

69,49

50 465,58

101,50 times

Czech Republic

183 492,23

64,46

27 576,28

122,53

Sweden

302,71

10,06 times

26 407,05

60,42

Estonia

120,97

94,41

1 231,24

24,22

Other countries, total:

1 461 641,96

67,03

1 961 489,52

83,76

Albania

19,39

0

118,2

27,30 times

Algeria

304,58

0

209,36

387,39

Australia

68,45

135,88

4 033,95

79,42

Angola

20,23

100,37

0,78

0

Andorra

0

0

17,4

146,81

Argentina

22,19

0

6 452,17

78,03

Afghanistan

23 473,90

28,97

0

0

Bangladesh

0

0

0,56

93,39

Barbados

0

0

3 596,10

614,54

Bahrain

0

0

3,66

0

Benin

0

0

52,37

0

Bosnia and Herzegovina

0,69

0

0

0

Botswana

0

0

0,1

0

Brazil

0

0

134,46

45,79

Burundi

0

0

1,2

0

Bhutan

136,97

100,3

68 931,24

149,12

Venezuela

0

0

5,42

0

Vietnam

0

0

3,79

0

Gabon

0

0

0,13

0

Haiti

76,03

371,65

0

0

Ghana

5 862,72

75,74 times

11 670,63

310,81

Guyana

1,87

208,99

0

0

Guatemala

0

0

1,36

13,42 times

La Gomera

5,51

0

102,15

0

Honduras

0

0

147,96

1193,72 times

Hong Kong

0

0

147,75

0

Greenland

0

0

17,57

0

Georgia

0

0

3,4

139,73

Guam

27,02

5,22

539,84

91,59

Jabaliya

0

0

47,19

90,27

Djibouti

177 951,80

79,88

10 655,66

26,69

Dominique

0

0

5,84

0

The Dominican Republic

0

0

43,03

0

Egypt

0

0

19,27

0

Zambia

7,06

0

0

0

Zimbabwe

0

0

48,14

139,23

Israel

224,16

244,02

2 908,42

122,04

India

238,66

0

100,61

0

Indonesia

0

0

17,7

0

Jordan

236 707,64

61,48

4 275,12

34,11

Iceland

116 458,39

72,7

25 902,75

125,18

Iraq

77 324,33

26,9

17 913,50

96,63

Iran

1 403,79

0

1 555,24

664,68

Caicos Islands

0

0

817,68

12,64 times

Cambodia

8 348,97

8,25

11,55

5,8

Cameroon

23 609,62

203,19

66 137,24

155,54

Canada

7 778,44

0

0

0

Qatar

0

0

105,16

0

Congo

0

0

992,43

27,63 times

Kenya

0

0

1,23

0

Kiribati

1 060,59

2,2

9 083,83

89,35

China

23,67

85,2

15,52

214,69

Columbia

0

0

0,47

0

Korea

0,05

1,44

466,87

10,81 times

Republic of Korea

0

0

0,04

0

Costa-Rica

14 661,40

50,47

257 887,00

99,5

Côte d’Ivoire

2,01

7,27

107,09

23,48

Cuba

0

0

175,64

400,12 times

Kuwait

58,25

26,48 d.f.

40 172,24

54,44

Curaçao

0

0

629,99

299,68

Laos

0,84

226,52

5,08

0

Lesotho

0

0

61,25

41,94 times

Liechtenstein

50,1

247,04

1 600,94

100,76

Lebanon

0

0

1,3

9,28

Mauritius

0

0

1,06

0

Mauritania

0

0

0,22

0

Madagascar

0

0

19,5

352,44

Macedonia

39 894,81

0

283,47

60,82

Malawi

0

0

18,23

127,78

Malaysia

0

0

20,72

0

Mali

0

0

243,38

418,95

the Maldives

6,34

0

105,81

15,96

Morocco

0

0

51,04

0

Marshall Islands

1 014,38

469,26

16 792,24

84,53

Mexico

0

0

1,21

0

Mozambique

0

0

3,42

314,72

Monaco

0

0

1 177,61

25,86

Myanmar

0

0

18,65

13,07

Nauru

188,1

17,05 times

6 523,76

37,62

Niger

102

50,23 times

0,03

0,46

Nigeria

0

0

41,35

0

Nicaragua

10,46

26,46

0

0

Niue (New Zealand )

0

0

2,28

0

New Zealand

0

0

58,46

35,87 times

Norway

0

0

0,28

0

United Arab Emirates (UAE)

0

0

5,1

0

Oman

0

0

1,52

0

Saint Helena island

42,52

20,01 times

19,17

228,25

Pakistan

0

0

0,49

784,18

Panama

12,18

0

0

0

Papua New Guinea

81,76

0

23 713,86

254,08

Paraguay

1 543,76

496,39

113 783,68

244,24

Palestine

6 533,32

307,53

40 148,50

144,87

Peru

63,91

12,70 times

15,6

45

Polynesia

0

0

0,26

0

Puerto Rico (USA)

574,29

252,06

3 772,61

345,94

Rwanda

0

0

0,28

0

El Salvador

8,15

799,52

0

0

Somahoz

0

0

308,83

28,20 times

San Marino

61,29

0

0

0

Saudi Arabia

0,01

0,17

302,52

19,05 times

Swaziland

0

0

12,4

0

Serbia

0

0

32,04

16,61

Singapore

0

0

0,77

0

Syria

0

0

2,06

0

United States of America (USA)

0

0

0,03

14,97

Somali

0

0

27,49

102,54

Sudan

227,15

337,5

4 575,92

93,16

Surinam

0

0

2,3

0

Sierra-Leone

0,38

0

2 376,72

96,39

Tanzania

582,24

369,86

177 310,64

199,29

Taiwan

0

0

147,75

139,33

Thailand

31 347,70

15,45

245 179,93

41,31

Trinidad and Tobago

0

0

1,06

0

Tunisia

0

0

10,34

0

Turkey

0

0

2,51

0

Uruguay

19,9

0

0,1

2,99

Faeroe Islands

0

0

326,46

486,33

the Fiji Islands

301 292,51

0

6 071,28

73,96

Philippines

101 098,80

60,59

10 448,41

69,82

Chile

6,05

52,25

56,01

0

Switzerland

58 169,33

30,68

1 224,85

506,69

Sri-Lanka

158 872,47

106,54

526 835,65

87,93

Central African Republic

0

0

928,27

777,85

Ecuador

0

0

497,49

132,07

Ethiopia

0

0

202,82

1415,34 times

South African Republic

0

0

614,19

169,2

Jamaica

0

0

2 806,37

444,47

Japan

62 406,87

110,4

38 440,25

108,8

Others

0,1

0

18 013,67

297,38

CIS countries, total:

0

0

5

0

Belarus

2,86

187,78

9 132,30

76,83

Kazakhstan

0

0

26,61

0

Kyrgyzstan

274,25

391,79 times

2 324,21

186,21

Moldova

0,7

0

2 810,38

22,37 times

Uzbekistan

984,76

121,19

165 788,53

55,77

Russia

297,45

74,07

0

0

Tajikistan

313 861,90

127,71

985 021,79

95,28

Turkmenistan

10 099,90

334,87

38 021,65

101,78

Ukraine

7 657,80

135,39

63 847,81

137,93

source: Azerbaijani state customs committee

Iran's Energy Exchange announces products to be on sale on February 28
Iran's Energy Exchange announces products to be on sale on February 28
Cargo movements in Iran's Khalij-e-Fars port increase
Cargo movements in Iran's Khalij-e-Fars port increase
New road put into operation in Iran's Golestan Province
New road put into operation in Iran's Golestan Province
Loading Bars
Latest
Kazakhstan twofold decreases exports to Norway amid COVID-19
5.3-magnitude quake hits 3 km SW of Point MacKenzie, Alaska
Qatar reports 460 new COVID-19 cases, 163,197 in total
Weekly review of highlights in Azerbaijani financial market
UK records another 7,434 coronavirus cases, 290 deaths
It is necessary to end deployment of Armenian armed forces on territory of Azerbaijan - Foreign Ministry
WHO reports over 420,000 new daily cases of COVID-19
Istanbul’s major Galataport project to go live in April
0.03% of pupils and 0.1% of school staff in Georgia confirmed with Covid-19 this week
Iran's Energy Exchange announces products to be on sale on February 28
Uzbekistan's largest share in formation of GDP falls on Tashkent
Azerbaijan's revenues from tea, coffee exports double in Jan.2021
Cargo movements in Iran's Khalij-e-Fars port increase
China conditionally approves one-shot recombinant COVID-19 vaccine
Stock gains power Buffett's Berkshire Hathaway to higher profit
More than 165,000 apply for Turkey’s most popular scholarship
Georgian Railway resumes passenger transfers
Kazakhstan reports value increase in all types of deposits
New road put into operation in Iran's Golestan Province
Azerbaijan sets up working subgroups to prepare 2021-2025 Development Strategy
Bahar Azadi gold coin price falling in Iran
Azerbaijan reports 172 more COVID-19 recoveries
Azerbaijan's Ministry of Finance to put up medium-term bonds for auction
Azerbaijan's banking sector ends January 2021 with profit
Foundation of several manufacturing enterprises laid in Iran's Qazvin Province
Uzbek-Korean JV to buy spare parts for metal detector via tender
USAID to promote start-up dev’t in Turkmenistan
President Aliyev: Any attempt to violate implementation of November 10th declaration will be very harmful for Armenia (VIDEO)
Iran reveals COVID-19 data for February 27
Bosnian TV channel visits liberated Azerbaijani Aghdam, reminds of Khojaly genocide
Azerbaijani police officers find ordnances left by Armenians in Khojavand (PHOTO)
Long-term energy demand impact of COVID-19 is modest
President Aliyev to Iranian reporter: Your question is a kind of an accusation (VIDEO)
New Zealand's largest city Auckland back to lockdown after COVID-19 case
Iran pins hopes on Swiss financial channel to purchase COVID-19 vaccines
Foreign journalists visit village where two-year-old Azerbaijani girl was killed by Armenians
Volume of cargo loaded, unloaded in Iran’s Chabahar port revealed
Weekly review of Azerbaijan's oil and gas sector
Eni Turkmenistan Ltd opens tender for catering, housekeeping services
Kazakhstan boosts imports of Switzerland-made products
Uzbek ministry, German Society for International Cooperation sign agreement
Uzbekistan, China expand mutual trade despite COVID-19
Georgia reports 373 new cases of coronavirus on Feb.27
Buy/sell operations at Iran Mercantile Exchange soar
Weekly review of Azerbaijani precious metals market
Baku Metro continues preparatory work for commissioning of new 'November' 8 station
Iran's exports to Russia increase
Uzbek-Korean JV to buy spare parts for pumps via tender
Kazakh airlines eye to launch several flights on Turkestan-Istanbul route
UNDP in Turkmenistan opens tender for services on seismic work
Volume of electricity generated by renewable energy power plants in Iran announced
Researcher talks monuments on ancient Azerbaijani lands vandalized by Armenians (PHOTO)
Uzbekistan reveals COVID-19 data for Feb. 27
Azerbaijan's MoD shares footage from Gubadly's Afandilar village (PHOTO/VIDEO)
Iranian currency rates for February 27
Remittances from Azerbaijan to Georgia show highest growth rate
Belarus considering possibility of supplying agricultural machinery to Turkmenistan
Turkmenistan’s Turkmenbashi Oil Refinery exceeds plan for kerosene production
Azerbaijani oil prices published
Kazakhstan's uranium mining company opens tender to acquire electro-technical materials
Issuance of construction permissions in Georgia down
Philippines extends partial coronavirus curbs in capital until end-March
Weekly review of Azerbaijani currency market
Kazakh gas supply company to attract equipment installation services via tender
Turkey's tourism industry puts hopes on safety measures for new season
Azerbaijani marketing platform plans to become regional player
Argentine health minister tests positive for COVID-19
Czech gov't declares new state of emergency over coronavirus
U.S. FDA advisors recommend approving Johnson & Johnson COVID-19 vaccine for emergency use
Increase in malware attacks makes cybersecurity more relevant than ever - Kaspersky Lab in Azerbaijan
South Korea vaccinates 18,000 to start ambitious COVID-19 campaign
US may announce new sanctions on Russia within weeks - White House press secretary
Founder of Indian Jet Airways eyes opening airline in Uzbekistan’s Namangan region
Saudi Arabia rejects U.S. intelligence report on Khashoggi's killing: statement
Israel registers 2,738 new COVID-19 cases, 769,971 in total
U.S. announces 'Khashoggi ban' for 76 Saudi individuals
Number of COVID-2019 cases across globe up by over 427,000 in past day
Slovenia confirms first case of coronavirus variant identified in S. Africa
UN Security Council adopts resolution on vaccination
UK records another 8,523 coronavirus cases, 345 deaths
Kazakhstan shows interest in supplies of Belarusian sugar, its manufacturing technology
Turkey reports 9,205 new COVID-19 cases, 2,683,971 in total
Iran, Russia emphasize need to coop. in agricultural sector
When will Georgia receive its first doses of the COVID-19 vaccine?
House poised to approve Biden's $1.9T coronavirus relief bill in Friday vote
Canada approves use of AstraZeneca COVID-19 vaccine
Azerbaijan discloses volume of liabilities of banks in Jan. 2021 accounting for deposits
Azerbaijan imposes restrictions on import of poultry meat from Estonian county
Amount of financial support of Kazakh manufacturing sector by Baiterek holding increases
Attracting FDI can help Georgia to boost exports of high-value food products - OECD
European Council extends mandate of special representative for South Caucasus
Kuwait reports 1,022 new COVID-19 cases, 189,046 in total
WHO says COVID-19 vaccine rollout in Africa has gathered steam
Armenia has always supported terrorism - MP
EU supports JCPOA commitments
Azerbaijan focused on rehabilitation, reconstruction of liberated lands - MP
Assistant to Azerbaijan's president talks country's success in int'l information field
Baku Stock Exchange to auction off Azerbaijani Central Bank's short-term notes
Azerbaijan records growth of GDP in non-oil sector over Jan. 2021
Azerbaijan discloses volume of fruits and vegetables exported since early 2021
All news