Foreign trade of Azerbaijan (January-November 2016)

The foreign trade turnover with 183 world countries amounted to $16.03 billion in January-November 2016, or 20.2 percent less than in January-November 2015 compared to 162 countries in the same period of 2015.

The volume of exports decreased by 30.02 percent and amounted to $8.31 billion compared to January-November 2015. The volume of import decreased by 6 percent and reached almost $7.72 billion.

Azerbaijan exported 2,809 goods and imported 7,228 different goods.

The reporting period of 2016 ended with a black ink of $598.18 million, while a trade surplus of $2.42 billion was recorded as of November 2015.

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

Main products exported from Azerbaijan

Products

Jan.-Nov. 2016

Compared to Jan.-Nov. 2015, %

cost, thousand dollars

Share in export volume, %

Crude oil

5 895 873,75

70,91

71,38

Oil products

358 277,92

4,31

52,02

Natural gas

925 127,73

11,13

63,82

Fruits and vegetables

336 431,79

4,05

120,66

Animal fat and vegetable oil

14 660,10

0,18

10,44

Spirits and soft drinks

16 748,16

0,2

67,82

Aluminum

86 191,40

1,04

108,08

Ferrous metals, tons

87 533,61

1,05

279,34

Chemical products

53 690,74

0,65

69,27

Others

348 104,60

4,16

68,61

Source: Azerbaijani state customs committee

Most of Azerbaijan’s exports as of January-November 2016 (70.91 percent) accounted for the export of crude oil. During the reporting period, the country exported oil worth $5.89 billion. The cost of crude oil exports decreased by 28.62 percent compared to January-November 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-November 2016 the export of oil products from Azerbaijan decreased from year to year.

The export of oil products amounted to $358.3 million in January-November, which is by 47.98 percent less than in the same period of 2015.

Some 4.31 percent of the country’s total export volume accounted for the export of oil products in January-November 2016.

In January-November 2016 the export of gas from Azerbaijan decreased by 36.18 percent in physical terms from year to year.

The share of gas in the total export was estimated at 11.13 percent in January-November 2016.

The threefold growth was observed in exports of ferrous metals in January-November. The export of ferrous metals increased up to $87.53 million or 1.05 percent of total exports in January-November 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 20.66 percent in January-November 2016 compared to January-November 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-November 2016. Thus, during this period Azerbaijan exported goods totaling $1,423.92 million to Italy which makes up 17.12 percent of a total export volume. Oil and oil products are mainly exported to this country.

Turkey ($1,054.64 million) and Taiwan $701.41 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 ($1,370.08 million) in January-November 2016. Some 17.75 percent of the Azerbaijani imports accounted for it. Turkey ranks second - $1,066.09 million and China - third ($636.50 million).

Most of Azerbaijan’s imports or 24.18 percent in the reporting period accounted for the import of machinery, mechanisms, equipment, electrical equipment and spare parts. The machinery and equipment worth $1.8 billion were imported in January-November 2016, which is by 11.88 percent less than in January-November 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 13.56 percent in January-November 2016, while this volume was 1.04 billion manat in nominal terms or by 26.59 percent less than in January-November 2015.

Vehicles and spare parts worth $648.68 million (a share in total imports – 8.41 percent) were supplied to the country. The car imports decreased by 42.09 percent compared to January-November 2015.

Some 4,820 vehicles were imported into the country in January-November 2016. Some 4,194 passenger cars, 463 trucks, 80 buses and 83 special vehicles were imported. Some 471 vehicles, including 419 passenger cars were imported in November. For comparison, some 25,647 vehicles, including 22,746 passenger cars, were imported in January-November 2015.

The import of meat and dairy products greatly increased for the reporting period.

In particular, the value of imports of meat and butter increased by over twofold and milk - by 36.45 percent compared to the same period of 2015.

The value of imports of meat and dairy products increased in connection with an increase in the customs duties for these types of goods since Nov. 1, 2016. This decision is aimed at assisting local producers.

Main products imported to Azerbaijan

Products

Jan.-Nov. 2016

Compared to Jan.-Nov. 2015, %

cost

(thousand dollars)

Import volume share, %

Meat

35 530,40

0,46

208,21

Butter

45 305,46

0,59

219,44

Milk

7 139,13

0,09

136,45

Grain

266 196,15

3,45

96,45

Cars, mechanisms, electric goods, equipment

1 865 881,13

24,18

88,12

Vehicles and spare parts

648 688,63

8,41

57,91

Wood and wooden goods

171 414,06

2,22

81

Ferrous metals, tons

1 046 625,75

13,56

73,41

Furniture and its parts

98 990,07

1,28

110,49

Pharmaceutical goods

179 379,48

2,32

73,63

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-November. These countries formed the foreign trade turnover of Azerbaijan by 49.19 percent or $7.886 billion, while the EU countries - by 35.56 percent ($5.701 billion). Some 15.25 percent or $2.445 billion accounted for the CIS.

Azerbaijan’s exports to the EU countries amounted to $3.631 billion in January-November, or 43.7 percent of a total export volume amid a 42.7 percent decrease.

Imports from EU ($2.069 billion) decreased by 19.3 percent and amounted to 26.8 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 $1.562 billion exceeding the country's total trade deficit.

The exports to the countries-non-EU and CIS members dropped by 19.7 percent - to $4.077 billion in January-November or 49.6 percent of a total export volume, while imports - by 0.99 percent and reached $3.809 billion or 49.4 percent of the total import volume. As a result, the black ink worth $0.167 billion was observed in Azerbaijan’s trade relations with these countries.

The exports to the CIS countries for the period totaled $0.667 billion (7.3 percent of the total export volume) by increasing by 1.3 times and imports - $1.838 billion (23.8 percent) by increasing by 2.32 percent. As a result, the country had a red ink in trading with them to the amount of $1.231 billion.

During this period, about 13,244 legal and physical entities were involved in foreign trade operations, including 5,226 - legal entities and 8,018 - physical entities.

The share of public sector in exports totaled $6.53 billion, private sector – over $1.55 billion, the share of physical entities - $236.74 million.

The share of public sector in import operations amounted to $1.03 billion, the private sector – $6.25 billion, physical entities -$440.06 million.

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

Country

Export, thousand dollars

Compared to Jan.-Nov. 2015, %

Import, thousand dollars

Compared to Jan.-Nov. 2015, %

Total

8 314 908,13

69,98

7 716 723,78

94

Including

European countries, total:

3 631 130,61

57,31

2 069 384,17

80,67

Austria

112 634,02

27,71

60 521,61

58,11

Belgium

6 351,21

49,29

49 305,32

96,81

Bulgaria

349,05

744,99

38 431,04

324,38

Great Britain

56 702,67

742,75

470 092,96

100,59

Hungary

895,26

10,81 times

36 632,56

137,99

Germany

579 605,80

48,71

363 133,10

57,23

Greece

469,14

0,32

14 734,99

121,37

Denmark

82,58

331,98

18 485,79

124,33

Ireland

23 410,78

90,54

16 750,33

153,91

Spain

128 135,65

40,58

47 513,11

83,45

Italy

1 423 924,75

66,12

301 960,45

63,31

Cyprus

1 029,35

119,07 times

534,85

5,48

Latvia

601,4

146,39

7 115,71

93,84

Lithuania

2 118,03

492,5

13 080,64

49,51

Luxemburg

142,84

201

3 152,30

36,1

Malta

87 008,03

67,85

109,15

151,23

Netherlands

36 479,37

36,85

68 829,74

73,31

Poland

4 613,77

79,98

64 227,71

81,09

Portugal

225 727,94

72,2

10 742,53

41,27

Romania

57 190,60

69,4

84 475,30

152,08

Slovakia

48,03

503,33

20 378,24

99,53

Slovenia

4 172,54

44,26

13 029,15

94,14

Finland

262,45

167,23

11 226,84

34,06

France

430 504,93

55,48

138 114,03

75

Croatia

233 538,77

135,63

50 881,40

38,99 times

Czech Republic

214 196,08

43,56

97 821,24

176,44

Sweden

340,75

457,45

65 887,13

85,25

Estonia

594,82

242,04

2 216,92

39,54

Other countries, total:

4 076 660,56

80,3

3 809 280,17

99,01

the Aland Islands

0

0

0,06

0

Albania

19,39

0

222,86

32,76 times

Algeria

11 200,51

130,65 times

360,76

551,31

Australia

134,05

22,13

7 616,33

90,04

Anguilla

0

0

1,63

32,58

Angola

152,65

191,16

8,6

0

Andorra

0

0

17,4

30,07

Antigua and Barbuda

0

0

9,16

0

Argentina

46,61

580,07

12 595,60

89,72

Aruba

4,11

83,45

0

0

Afghanistan

40 495,53

20,96

0,8

0

Bahama Islands

0

0

9,39

433,64

Bangladesh

0,35

0

7 928,96

375,73

Barbados

0

0

30,45

0

Bahrain

91,49

372,06

80,07

28,26

Bolivia

0,69

0

3,7

0

Benin

0

0

215

0

the Bermuda Islands

Bosnia and Herzegovina

0

0

242,64

59,75

Botswana

0

0

0,05

3,95

Brazil

2 849,89

16,05 times

161 808,29

149,45

Brunei Darussalam

3,25

1,45

0

0

Burundi

0

0

5,42

0

Bhutan

0

0

3,79

0

Vanuatu

0

0

0,49

0

Venezuela

108,72

171,04

0

0

Virgin Islands (US)

0

0

1,4

0

Virgin Islands (UK)

0

0

127,48

36,6

Vietnam

48 886,73

12,63 times

24 314,73

374,8

Gabon

2,06

2,07

0

0

Haiti

0

0

1,44

14,25 times

Ghana

5,51

2,65

202,01

0

Guyana

0

0

147,96

169,06

Guatemala

0

0

232,6

1938,31 times

Guiana

0

0

6,41

0

La Gomera

0

0

17,57

0

Honduras

0

0

13,43

493,53

Hong Kong

109,01

19,22

899,38

56,81

Greenland

0

0

47,19

90,27

Georgia

304 980,18

66,46

31 510,34

53,9

Guam

0

0

11,67

0

Jabaliya

0

0

54,73

503,46

Djibouti

0

0

36,27

0

Dominique

7,06

0

0,76

0

The Dominican Republic

0

0

72,54

85,6

Egypt

11 852,50

123,40 times

4 795,09

136,64

Zambia

238,66

0

103,52

0

Zimbabwe

0

0

22,05

0

Israel

572 948,87

83,05

14 503,99

60,72

India

398 996,99

181,71

52 129,61

164,51

Indonesia

77 421,70

16,2

41 525,02

210,84

Jordan

2 161,25

1276,99 times

2 129,97

361,57

Iceland

2,69

28,09

3 346,54

380,6

Iraq

16 263,59

9,49

48,36

22,15

Iran

44 836,65

148,72

130 132,61

161,76

Cape Verde

7 778,44

0

0

0

Caicos Islands

0

0

209,9

0

Cayman Islands

0

0

0,29

1,33

Cambodia

0

0

2 205,77

13,20 times

Cameroon

0,45

23,09

1,77

0

Canada

62 157,17

27,79

13 007,17

84,11

Qatar

67,41

25,01

62,14

457,79

Congo

0

0

1,41

0

Kenya

4,2

26,96

654,82

15,15 times

Kiribati

0

0

0,04

0,26

China

205 461,47

423,15

636 507,82

140,73

Columbia

108,01

221,02

158,5

34,48

Korea

0

0

15,42

35,14 times

Republic of Korea

97,59

11,12 times

68 167,16

54,4

Costa-Rica

0,33

0

932,66

310,75

Côte d’Ivoire

8,9

11,68 times

12,17

34,77 times

Cuba

1,14

19,67

67,99

98,85

Kuwait

178,94

381,45

3 145,64

100,9

Curaçao

0

0

24,5

18,91 times

Laos

0

0

9,18

0

Lesotho

0

0

0,22

0

Liechtenstein

0

0

23,59

413

Lebanon

42 664,55

374,28

492,43

59,04

Libya

0

0

61,07

20,67 times

Mauritius

0

0

60,85

426,57

Mauritania

0

0

22,78

0

Madagascar

0

0

334,94

225,88

Macau

109,01

19,22

899,38

56,81

Macedonia

6,34

0

411,13

55,3

Malawi

0

0

0,01

0,02

Malaysia

1 165,18

37,2

34 000,64

54,59

Mali

0

0

0,13

0

the Maldives

0

0

3,42

314,72

Morocco

0

0

2 688,88

58,66

Martinique

0

0

11,32

0

Marshall Islands

0

0

18,65

13,07

Mexico

193,46

555,92

20 483,74

97,05

Mozambique

102

50,23 times

0,03

0,22

Monaco

0

0

42,1

0

Mongolia

71,71

90,02

23,28

0

Montenegro

1,18

156,9

0,08

17,63

Maine

23,51

143,67

0

0

Myanmar

0

0

196,98

843,12

Nauru

0

0

0,48

0

Nepal

0

0

5,1

0

Niger

0

0

51,07

22,21 times

Nigeria

43,65

322,51

47,2

561,92

Nicaragua

0

0

0,67

10,84 times

Niue (New Zealand )

12,18

0

0

0

New Zealand

82,42

0

37 670,88

235,08

Norway

3 009,42

281,64

271 456,12

202,17

United Arab Emirates (UAE)

9 169,63

180,38

54 491,17

97,02

Oman

81,83

659,73

63,25

112,79

Saint Helena island

0

0

4,4

0

Pakistan

1 250,54

478,5

5 389,31

354,38

Panama

0

0

0,28

0

Papua New Guinea

8,15

799,52

0

0

Paraguay

0

0

628,93

927,68

Palestine

118,95

0

0

0

Peru

192,69

46,03 times

472,4

16,54 times

Polynesia

0

0

12,4

0

Puerto Rico (USA)

0

0

77,88

35,19

Reunion

0

0

0,29

0

Rwanda

0

0

4,71

0

El Salvador

0

0

77,57

74,34 times

Somahoz

0

0

0,03

14,97

San Marino

0

0

106,32

Saudi Arabia

534,95

483,65

11 136,60

131,94

Swaziland

0

0

225,06

49,3

Senegal

0

0

0,03

0

Serbia

3,7

13,46

3 834,27

100,79

the Seychelles

0

0

22,05

16,7

Singapore

860,89

305,6

200 846,44

197,39

Syria

0

0

291,19

243,18

United States of America (USA)

79 939,34

23,93

433 891,26

55,98

Somali

0

0

1,06

0

Sudan

0

0

10,76

0

Surinam

0

0

2,98

0

Sierra-Leone

19,9

0

0,37

0,58

Tanzania

0,94

0

337,35

95,24

Taiwan

701 418,08

623,7

11 812,10

102,51

Thailand

101 114,68

47,01

23 278,69

104,45

Trinidad and Tobago

20,31

107,27

56,01

0

Tunisia

173 751,94

64,35

2 210,82

595,92

Turkey

1 054 642,04

73,87

1 066 097,88

103,39

Uruguay

0

0

1 032,25

498,75

Faeroe Islands

0

0

497,49

63,72

the Fiji Islands

0

0

203,21

1418,10 times

Philippines

11,61

244,81 times

1 253,50

204,26

Falkland Islands

0

0

109,8

0

Chad

15,31

0

0

0

Chile

0

0

3 405,14

218,95

Switzerland

93 865,21

103,71

61 461,12

73,92

Sri-Lanka

0,1

0

38 562,51

299,75

Central African Republic

0

0

23,95

0

Ecuador

2,86

78,76

17 850,08

105,86

Ethiopia

0

0

69,3

216,55 times

South African Republic

275,02

140,69 times

6 224,94

207,24

Jamaica

0,7

10,04 times

2 812,77

37,37

Japan

1 514,08

173,77

269 584,84

53,89

Others

785,01

103,78

0

0

CIS countries, total:

607 116,96

129,73

1 838 059,44

102,32

Belarus

47 362,36

584,26

70 214,76

91,59

Kazakhstan

24 561,54

167,82

88 198,61

100,04

Kyrgyzstan

5 626,92

114,8

988,03

69,51

Moldova

498,03

471,22

3 252,63

110,34

Uzbekistan

2 860,62

30,15

9 888,57

170,19

Russia

365 161,70

97,27

1 370 088,88

104,02

Tajikistan

11 698,05

198,21

221,27

0

Turkmenistan

109 422,20

357,2

35 709,99

182,02

Ukraine

39 925,54

212,17

259 496,71

91,15

source: Azerbaijani state customs committee

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Most temples belonging to Udi people are either in ruined or dilapidated condition. Therefore, we will restore them too - President Aliyev
Iran's launches supercomputer
Proxy advisor ISS recommends votes for Chevron CEO, directors
WB talks growth of lending to Azerbaijan's economy
Saudi Arabia's national airline to resume flights to Georgia
Uzbek commodity exchange notes decrease in prices for cotton seeds
Udi people have great historical heritage - President Aliyev
Georgian FM to pay official visit to Kyiv
Iran’s East Oil & Gas Production Company boosts gas extraction
Biggest share of Azerbaijan's GDP accounts for industry
Turkmenistan interested in expanding co-op with Russia’s Lipetsk region
Azerbaijani Armed Forces continue exercises, moving to operational areas (VIDEO)
Georgia sees increase in COVID-19 cases
Iran reveals COVID-19 data for May 16
Russian airline expanding route of flights in direction of Baku
Azerbaijan expected to approve another int'l document on migration issues
Iran government increases pensions
Retail trade indicators up in Kazakhstan
Physical volume of Kazakhstan’s GDP down in 1Q2021
Turkmenistan, Iran talk over increasing sea transportation in Caspian Sea
Ministry talks social benefits paid out to population in Azerbaijan since early 2021
GDP per capita increases in Azerbaijan
Azerbaijan discloses amount of trade surplus for 1Q2021
Azerbaijan creating industrial clusters to develop metallurgical industry
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