Foreign trade of Azerbaijan (january-july 2016)

The foreign trade turnover with 167 world countries amounted to $9.35 billion in January-July 2016, or 26.89 percent less than in January-July 2015. The volume of exports decreased by 38.57 percent and amounted to $4.59 billion compared to January-July 2015. The volume of import decreased by 10.46 percent and amounted to $4.75 billion.

Azerbaijan exported 2,234 goods and imported 6,695 different goods.

Red ink worth $167.47 million was in Azerbaijan’s foreign trade operations during this period.

For comparison: the foreign trade surplus reached $2.17 billion in July 2015.

As in previous periods, oil, gas and oil products were mainly exported from Azerbaijan in January-July 2016.

Main products exported from Azerbaijan

Products

Jan.-July 2016

Compared to Jan.-July 2015, %

cost, thousand dollars

Share in export volume, %

Crude oil

3 555 732,40

77,47

60,64

Oil products

218 372,00

4,76

45,75

Natural gas

141 788,93

3,09

98,28

Fruits and vegetables

178 147,19

3,88

130,08

Animal fat and vegetable oil

8 464,23

0,18

9,4

Spirits and soft drinks

11 432,27

0,25

81,8

Aluminum

52 288,48

1,14

101,81

Ferrous metals, tons

50 037,29

1,09

379,05

Chemical products

30 978,89

0,67

47,49

Others

221804,49

4,85

55,53

Source: Azerbaijani state customs committee

Most of Azerbaijan’s exports as of January-July 2016 (77.47 percent) accounted for the export of crude oil. During the reporting period, the country exported oil worth $3.55 billion. The cost of crude oil exports decreased by 39.36 percent compared to January-July 2015. This is connected with a decrease in the global oil prices. Currently, SOCAR supplies oil from Azerbaijan to more than 30 countries in Europe, Asia and America.

According to the Azerbaijani State Customs Committee, in January-July 2016 the export of oil products from Azerbaijan decreased from year to year.

The export of oil products amounted to 921,740 tons in January-July, which is 30.65 percent less than the export for the same period of 2015 (1,329,150 tons)

The revenues obtained as a result of the export of oil products amounted to $218.4 million compared to $477.35 million (54.3 percent) in 2015.

Some 43,580.01 tons worth $14,754,130 were exported in July 2016.

Some 4.76 percent of the country’s total export volume accounted for the export of oil products in January-July 2016.

The export of gas from Azerbaijan increased by 2.2 percent in physical terms in January-July 2016 but decreased by 1.09 percent in financial terms from year to year.

The volume of gas supplied for export, has amounted to 926.8 million cubic meters since early 2016 compared to 906.97 million cubic meters a year earlier, while revenues reached $141.79 million compared to $144.3 million.

Some 212.4 million cubic meters of gas worth $27.8 million were exported in July.

The share of gas in the total export was estimated at 3.09 percent in January-July 2016 compared to 1.76 percent for 2015.

The export price amounted to $152,984 per 1,000 cubic meters in January-July 2016.

The fourfold growth was observed in exports of ferrous metals in January-July. The export of ferrous metals increased fourfold, amounting to $50.03 million or 1.09 percent of total exports in January-July 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 30.08 percent in January-July 2016 compared to January-July 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.

The largest amount of export accounted for Italy in January-July 2016. Thus, during this period Azerbaijan exported goods totaling $885.71 million to Italy which makes up 19.30 percent of a total export volume. Oil and oil products are mainly exported to this country.

Taiwan ($402.89 million) and Germany $364.79 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 the largest import volume ($849.14 million) in January-July 2016. Some 17.85 percent of the Azerbaijani imports accounted for it. Turkey ranks second - $612.21 million and China - third ($325.20 million).

Most of Azerbaijan’s imports or 23.45 percent in the reporting period accounted for the import of machinery, mechanisms, equipment, electrical equipment and spare parts. The machinery and equipment worth $1.11 billion were imported in January-July 2016, which is by 4.35 percent less than in January-July 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 14.24 percent in January-July 2016, while this volume was 677.47 million manat in nominal terms or by 25.9 percent less than in January-July 2015.

Vehicles and spare parts worth $532.19 million (a share in total imports – 11.19 percent) were supplied to the country. The car imports decreased by 46.34 percent compared to January-July 2015.

Some 2,879 cars were imported to Azerbaijan in January-July 2016 compared to 19,476 cars imported in the same period of 2015.

Some 2,475 vehicles of the total number of vehicles imported during this period accounted for the cars and motor vehicles. Some 17,345 cars and motor vehicles were imported in January-July 2015. Moreover, some 300 trucks were imported to Azerbaijan in January-July (1,275 trucks in January-July 2015). The rest import accounted for other types of vehicles. Some 26,785 cars and motor vehicles were imported into the country in 2015 compared to 63,368 in 2014.

Main products imported to Azerbaijan

Products

Jan.-July 2016

Compared to Jan.-July 2015, %

cost

(thousand dollars)

Import volume share, %

Meat

17 651,77

0,37

160,59

Butter

31 343,63

0,66

231,92

Milk

4 244,02

0,09

127,62

Grain

148 953,50

3,13

73,47

Cars, mechanisms, electric goods, equipment

1 115 744,04

23,45

95,65

Vehicles and spare parts

532 192,52

11,19

53,66

Wood and wooden goods

109 675,98

2,31

69,57

Ferrous metals, tons

677 472,95

14,24

74,09

Furniture and its parts

62 462,09

1,31

93,77

Pharmaceutical goods

109 675,98

2,31

69,57

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-July. These countries formed the foreign trade turnover of Azerbaijan by 44.69 percent or $4.177 billion, while the EU countries - by 39.44 percent ($3.687 billion). Only 15.87 percent or $1.484 billion accounted for the CIS.

Azerbaijan’s exports to the EU countries amounted to $2.350 billion in January-July, or 51.2 percent of a total export volume amid a 49.62 percent decrease. Imports from EU ($1.337 billion) decreased by 14.1 percent and amounted to 28.1 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 $1.0135 billion compared to the country's total trade deficit - $0.167 billion.

The exports to the countries-non-EU and CIS members dropped by 25.67 percent - to $1.890 billion in January-July or 41.175 percent of a total export volume, while imports - by 11.61 percent and reached $2.287 billion or 48.08 percent of the total import volume. As a result, the deficit worth $0.398 billion was observed in Azerbaijan’s trade relations with these countries.

The exports to the CIS countries for the period totaled $0.350 billion (7.64 percent of the total export volume) by increasing by 1.23 times and imports - $1.133 billion (23.82 percent) by decreasing by 2.89 percent. As a result, the country had a red ink in trading with them to the amount of $0.783 billion.

During this period, about 9,742 legal and physical entities were involved in foreign trade operations, including 4,298 - legal entities and 5,444 - physical entities.

The share of public sector in exports totaled $4.01 billion, private sector – $444.36 million, the share of physical entities - $132.2 million.

The share of public sector in import operations amounted to $721.88 million, the private sector - $3.76 billion, physical entities -$274.94 million.

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

Country

Export, thousand dollars

Compared to Jan.-July 2015, %

Import, thousand dollars

Compared to Jan.-July 2015, %

Total

4 589 792,06

61,43

4 757 258,78

89,54

Including

European countries, total:

2 349 778,42

50,58

1 336 857,86

85,8

Austria

45 514,15

15,52

47 492,90

90,85

Belgium

3 185,72

25,91

34 509,01

94,26

Bulgaria

166,45

0

16 293,02

245,5

Great Britain

54 700,59

13,86 times

324 648,33

130,21

Hungary

831,07

24,24 times

23 946,74

134,66

Germany

364 792,31

41,03

210 629,63

47,87

Greece

419,34

0,45

7 970,36

81,84

Denmark

34,48

148,08

12 284,52

122,87

Ireland

23 410,74

90,56

13 218,56

249,07

Spain

64 849,22

25,6

26 330,81

91,33

Italy

885 712,71

57,56

209 077,70

76,27

Cyprus

1 026,06

118,69 times

354,47

3,68

Latvia

271,22

100,14

4 096,16

87,65

Lithuania

1 560,77

690,26

6 095,81

39,84

Luxemburg

22,9

93,19

2 281,67

34,75

Malta

34 819,47

36,79

30,58

114,87

Netherlands

28 855,54

31,75

49 446,68

94,17

Poland

3 451,36

127,83

39 491,38

126,07

Portugal

134 623,99

59,3

7 892,05

57,72

Romania

53 471,70

109,53

44 854,52

197,42

Slovakia

29,74

371,70 times

15 398,68

134,24

Slovenia

2 188,34

23,23

8 835,65

103,36

Finland

159,91

237,29

7 873,77

31,86

France

344 758,22

62,51

83 293,00

61,92

Croatia

116 566,75

105,98

50 531,69

62,23 times

Czech Republic

183 925,97

45,85

30 735,34

79,87

Sweden

302,71

521,62

57 851,44

122,13

Estonia

126,97

79,18

1 393,37

26,7

Other countries, total:

1 889 541,77

74,33

2 287 337,09

88,39

Albania

19,39

0

128,55

29,69 times

Algeria

316,61

34,36 times

247,79

458,49

Australia

81,54

59,97

4 194,96

72,14

Angola

143,11

709,85

8,6

0

Andorra

0

0

17,4

146,81

Antigua and Barbuda

0

0

9,16

0

Argentina

36,98

0

7 246,56

72,49

Afghanistan

23 602,57

22,96

0

0

Bahama Islands

0

0

0,56

26,03

Bangladesh

0,2

0

4 262,11

475,08

Barbados

0

0

3,66

0

Bahrain

5,94

28,19

52,37

0

Bolivia

0,69

0

0

0

Benin

0

0

0,1

0

Bosnia and Herzegovina

0

0

144,16

45,84

Botswana

0

0

1,2

0

Brazil

137,23

100,49

91 541,32

154,37

Burundi

0

0

5,42

0

Bhutan

0

0

3,79

0

Vanuatu

0

0

0,49

0

Venezuela

106,58

386,98

0

0

Vietnam

5 874,72

69,34 times

14 255,77

361,3

Gabon

2,06

230,42

0

0

Haiti

0

0

1,36

13,42 times

Ghana

5,51

0

102,32

0

Guyana

0

0

147,96

169,22

Guatemala

0

0

148,32

0

La Gomera

0

0

17,57

0

Honduras

0

0

3,4

139,73

Hong Kong

29,21

5,64

615,18

93,99

Greenland

0

0

47,19

90,27

Georgia

220 545,18

90,11

14 349,88

32,48

Guam

0

0

6,04

0

Jabaliya

0

0

43,43

0

Djibouti

0

0

19,27

0

Dominique

7,06

0

0

0

The Dominican Republic

0

0

52,16

150,86

Egypt

224,16

244,02

3 163,09

121,92

Zambia

238,66

0

100,63

0

Zimbabwe

0

0

19,26

0

Israel

269 432,23

62,86

6 917,08

51

India

234 462,58

145,88

28 938,97

123,09

Indonesia

77 330,12

23,7

23 913,40

127,42

Jordan

1 656,74

6951,77 times

1 555,24

563,32

Iceland

0

0

817,68

301,97

Iraq

9 593,08

8,44

11,55

5,8

Iran

28 340,31

213,53

77 347,69

158

Cape Verde

7 778,44

0

0

0

Caicos Islands

0

0

105,16

0

Cambodia

0

0

1 222,53

12,16 times

Cameroon

0

0

1,23

0

Canada

1 090,74

1,14

9 958,34

86

Qatar

41,28

142,99

33,75

385,51

Congo

0

0

0,47

0

Kenya

0,05

0,37

557,09

12,90 times

Kiribati

0

0

0,04

0

China

65 366,44

201,59

325 201,09

110,6

Columbia

2,85

10,28

112,23

24,6

Korea

0

0

218,93

498,74 times

Republic of Korea

59,11

938,22

43 561,48

51,43

Costa-Rica

0

0

692,29

307,23

Côte d’Ivoire

0,84

226,52

5,08

0

Cuba

0

0

61,25

41,94 times

Kuwait

60,33

289,58

1 854,36

76,99

Curaçao

0

0

21,34

16,47 times

Laos

0

0

1,06

0

Lesotho

0

0

0,22

0

Liechtenstein

0

0

19,5

352,44

Lebanon

42 664,55

0

298,08

61,73

Mauritius

0

0

28,18

197,53

Mauritania

0

0

21,6

0

Madagascar

0

0

249,2

427,13

Macedonia

6,34

0

109,66

15,98

Malawi

0

0

51,04

0

Malaysia

1 078,36

497,99

18 365,71

71,16

Mali

0

0

1,21

0

the Maldives

0

0

3,42

314,72

Morocco

0

0

1 433,42

31,46

Martinique

0

0

2,7

0

Marshall Islands

0

0

18,65

13,07

Mexico

188,1

17,05 times

11 932,21

66,29

Mozambique

102

50,23 times

0,03

0,46

Monaco

0

0

41,35

0

Mongolia

10,46

26,46

0

0

Maine

0

0

2,28

0

Myanmar

0

0

73,23

44,93 times

Nauru

0

0

0,28

0

Nepal

0

0

5,1

0

Niger

0

0

2,23

0

Nigeria

43,24

341

19,17

228,25

Nicaragua

0

0

0,49

784,18

Niue (New Zealand )

12,18

0

0

0

New Zealand

82,42

0

26 890,85

269,95

Norway

1 754,67

558,46

129 527,08

227,71

United Arab Emirates (UAE)

6 943,82

247,95

43 634,37

131,31

Oman

74,09

14,73 d.f.

24,15

69,19

Saint Helena island

0

0

4,4

0

Pakistan

657,64

274,31

4 017,76

351,7

Panama

0

0

0,28

0

Papua New Guinea

8,15

799,52

0

0

Paraguay

0

0

320,9

29,31 times

Palestine

61,29

0

0

0

Peru

9,74

232,76

318,88

20,08 times

Polynesia

0

0

12,4

0

Puerto Rico (USA)

0

0

41

21,01

Rwanda

0

0

0,77

0

El Salvador

0

0

2,18

0

Somahoz

0

0

0,03

14,97

San Marino

0

0

48,93

88,23

Saudi Arabia

239,71

348,89

5 573,44

100,69

Swaziland

0

0

224,95

0

Serbia

1,38

6,92

2 561,40

93,05

the Seychelles

0

0

22,05

735

Serbia

595,08

374,44

180 613,59

199,71

Singapore

0

0

147,75

139,33

United States of America (USA)

31 673,03

12,08

280 592,24

45,6

Somali

0

0

1,06

0

Sudan

0

0

10,34

0

Surinam

0

0

2,51

0

Sierra-Leone

19,9

0

0,1

2,99

Tanzania

0

0

329,69

491,15

Taiwan

402 896,04

804,69

8 181,40

86,74

Thailand

101 101,03

60,59

12 240,06

76,79

Trinidad and Tobago

9,62

83,08

56,01

0

Tunisia

103 969,16

47,72

1 482,17

529,51

Turkey

178 825,87

103,46

612 215,00

90,57

Uruguay

0

0

930,91

780,07

Faeroe Islands

0

0

497,49

66,05

the Fiji Islands

0

0

202,82

1415,34 times

Philippines

0

0

713,95

178,42

Chile

0

0

2 887,41

311,64

Switzerland

68 192,48

106,37

40 650,69

107,89

Sri-Lanka

0,1

0

22 899,95

289,99

Central African Republic

0

0

5

0

Ecuador

2,86

187,78

10 039,00

80,35

Ethiopia

0

0

27,52

0

South African Republic

274,25

391,79 times

4 367,94

231,75

Jamaica

0,7

0

2 810,80

22,37 times

Japan

1 045,84

128,71

195 592,20

59,06

Others

413,29

89,34

0

0

CIS countries, total:

350 471,87

123,19

1 133 063,83

97,11

Belarus

11 477,56

310,35

46 819,19

112,67

Kazakhstan

10 488,82

138,43

70 678,33

126,08

Kyrgyzstan

5 166,15

174,03

779,26

87,44

Moldova

448,29

495,3

1 949,31

108,8

Uzbekistan

1 356,53

20,46

3 483,49

67,72

Russia

212 928,03

92,97

849 146,85

97,62

Tajikistan

6 476,51

133,31

154,04

0

Turkmenistan

83 594,88

401,84

14 479,10

86,53

Ukraine

18 535,10

209,58

145 574,26

83,26

source: Azerbaijani state customs committee

Iran interior minister arrived in Tajikistan for bilateral talk
Iran interior minister arrived in Tajikistan for bilateral talk
Uzbekistan, Tajikistan discuss major issues of strategic partnership dev’t
Uzbekistan, Tajikistan discuss major issues of strategic partnership dev’t
Reconstruction of power transmission line on section between Tajikistan and Uzbekistan begins
Reconstruction of power transmission line on section between Tajikistan and Uzbekistan begins
Loading Bars
Latest
President Aliyev makes phone call to President Erdogan
Number of electronic registrations of businesses in Azerbaijan growing
TikTok is more affordable with Azercell!
Etsy not thinking of accepting bitcoin right now
Kazakhstan, Azerbaijan reach agreement on drilling wells with Satti jack-up rig
Only close cooperation can help demilitarize South Caucasus region - Azerbaijani MP
Azerbaijan Caspian Shipping CJSC receives int'l certificate in use of specialized software
FAO outlines strategy for healthy and productive livestock in Europe, Central Asia
Azerbaijan's January 2021 revenues from exports to US increase over fourfold
Registration of new enterprises down in Georgia
We have created new realities, Armenia and other countries must reckon with it - President Aliyev
Azerbaijan's AzerGold, BUZ Consulting ink contract to acquire Microsoft license
Precious metal prices down in Azerbaijan
Azerbaijan's State Employment Agency opens tender on e-platform development
Azerbaijan holds minute of silence to honor Khojaly genocide victims
Turkmenistan's Turkmenhimiya extends tender for turnkey construction of plants
Putin discusses current situation in Karabakh with Russian Security Council members
Azerbaijan records decline in total assets of local banks for Jan.2021
CNPC in Turkmenistan opens tender for purchase of tubing, spare parts
TPP in Uzbekistan announces tender for construction of combined cycle unit
Iran launches telecommunication projects in Isfahan Province
Azerbaijani witnesses to Khojaly genocide recount tragic events - Trend TV (VIDEO)
Turkmenistan conducts exploration, drilling operations at fields in Caspian region
Portugal's 'Original Features' shoots film about Khojaly genocide (VIDEO)
China will extend tariff exemptions for 65 U.S. products
Azerbaijan reports 180 more COVID-19 recoveries
Russian state official stresses need to reveal out causes and culprits of Khojaly tragedy
Uzbekistan to increase number of facilities recording water based on 'smart water’ technology
Uzbekistan’s 2020 volume of foreign direct investments down
Nothing must divert involved sides from main task in Nagorno-Karabakh region - Russian MFA
Kazakhstan reports increase in agriculture yield year-on-year
Iran's export to Spain declines
EU overseeing several projects to reinforce renewable energy use in Georgia
Azerbaijani population honoring memory of victims of Khojaly genocide (PHOTO)
Despite events in Armenia, it's necessary to continue implementation of agreements on Nagorno-Karabakh - Russian official
Azerbaijan jointly with Turkey to improve gaming industry - Game Tech
Pfizer COVID-19 vaccine reduces transmission after one dose
India's April-Jan fiscal deficit hits 66.8% of full-year target
Azerbaijan discloses amount of compensations paid to depositors of closed banks
Turkmenistan, Russia considering co-op in construction, electrification of railways
EBRD reveals info on investments in Azerbaijani projects
Turkey to ask Russia for discount on natural gas imports
European Council President Charles Michel to visit Georgia
Spain lowers import of Azerbaijani crude oil
WB, BSEC and Georgia start consultations on 'blueing the Black Sea'
Azerbaijani ombudsman makes statement on 29th anniversary of Khojaly genocide (VIDEO)
There will be good opportunity for cooperation between our relevant agencies and international companies - President Aliyev
Azerbaijan issues data on 2020 oil export to Greece
France raises imports of Turkish made cars
Turkey records increase in car exports to Georgia
Turkey discloses foreign trade turnover in Jan. 2021
We are preparing master plan for reconstruction of each city - President of Azerbaijan
Process of modernization of Azerbaijani cities continues - President Aliyev
Armenia ruined almost all religious monuments in Azerbaijani de-occupied lands - State Committee
Turkish president reveres memory of Azerbaijani brothers and sisters ruthlessly murdered in Khojaly
Memory of Khojaly genocide to live forever, says Azerbaijan's ombudsperson
Azerbaijan sees decline in crude oil exports to India
Azerbaijan nearly doubles oil supplies to Ukraine
Turkey discloses number of ships received at Antalya port in Jan.2021
Turkmen Airlines to receive new Boeing 777-200LR aircraft
Georgian Oil and Gas Corporation reveals amount of oil extracted in country
Turkmenistan extends suspension of flights
We were preparing for war all these years, we never concealed that - President of Azerbaijan
Pakistani Airlines requests permission to operate flights to Uzbekistan
According to our information, about 6,000-7,000 invaders were killed - President of Azerbaijan
Armenia has never been in such miserable state - President of Azerbaijan
State of Azerbaijan and I as President will always be with members of martyrs` families and war disabled - President Aliyev
Starting from July 17 until last day of war, several planes brought free weapons to Armenia every day - President Aliyev
Blood of victims of Khojaly was also avenged in second Karabakh war - President Aliyev
Current, former leaders of Armenia to be blamed for country’s current tough situation - Azerbaijani President
President warns about 'revanchism sentiments' regarding Azerbaijan's lands
Did Armenia buy those Iskander missiles for money? It got them for free - President Aliyev
Bangladesh PM’s younger sister gets first shot of Covid-19 vaccine
Thai-Sikh girl wins Bangkok award, dreams of Bollywood
We have shown that people of Azerbaijan are victorious - President Aliyev
Relatives of those in Armenia killed in war didn't even receive a hut, let alone a house - President Aliyev
Families of our children killed in Karabakh wars will be given apartments - President Aliyev
Eurasia Drilling Company reduces well drilling y-o-y
There was not single deserter in Azerbaijani army - President Aliyev
Surrender of Shusha, Lachin and Kalbajar during Musavat government was great act of betrayal - president
Uzbekinvest eyes expanding volume of insurance, reinsurance services
Baku Higher Oil School honors memory of victims of Khojaly genocide (PHOTO)
SOCAR’s Kulevi terminal details maintenance strategy
President Ilham Aliyev makes Facebook post on Khojaly genocide (PHOTO)
CBI governor expects Expediency Council to approve Palermo bill
Nagorno-Karabakh conflict ended, Azerbaijan resolved this issue - President Aliyev
Perpetrators of Khojaly genocide must be punished - Turkish ambassador
Prices for Azerbaijani oil continue to rise
Azerbaijani currency rates for Feb. 26
New Ambassador of Turkmenistan accredited in Kazakhstan
Apples supplies from Kyrgyzstan to Uzbekistan significantly increase
US Ambassador to Azerbaijan honors those who lost their lives in Khojaly genocide
Child who was saved from Khojaly genocide with help of torch in his hands... – “The light of hope” on AzTV (VIDEO)
Azerbaijan plans to build airports in Lachin, Zangilan - President
Georgia reports 337 new cases of coronavirus for Feb.26
S. Korean Eximbank accelerates preparations for creation of pharmaceutical cluster in Uzbekistan
Oil prices drop amid U.S. dollar strength, expectations for supply gains
Kazakhstan boosts imports of France-made goods in 2020
Kazakhstan’s largest gas supplying company opens tender to buy UPS
Uzbekistan, US irrigation company talk implementation of smart farming project
All news