...

Foreign trade of Azerbaijan (as of 2016)

Analysis Materials 16 February 2017 14:51 (UTC +04:00)

The Azerbaijani president approved the measures to promote the Made In Azerbaijan brand in the world markets in October 2016. The mechanism of support of manufacturers and exporters covers all phases beginning from production to the export of goods. The export missions have been already sent to China and the UAE as part of the measures of the national brand promotion. Those trips were very beneficial. Thus, the Azerbaijani entrepreneurs will supply 500,000 bottles of wine to China a year.

Similar missions are expected to be sent to Pakistan, Afghanistan, Qatar, Germany in 2017.

The foreign trade turnover with 186 world countries amounted to $17.68 billion in 2016, or 19.46 percent less than in 2015 compared to 165 countries in 2015.

The volume of exports decreased by 28.17 percent and amounted to $9.14 billion compared to 2015. The volume of import decreased by 7.42 percent and reached almost $8.53 billion.

Azerbaijan exported 2,921 goods and imported 7,328 different goods.

2016 ended with a black ink of $610.83 million, while a trade surplus of $2.2 billion was recorded as of 2015.

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

Main products exported from Azerbaijan

Products

2016

Compared to 2015, %

cost, thousand dollars

Share in export volume, %

Crude oil

6 504 517,27

71,14

73,36

Oil products

409 733,81

4,48

54,49

Natural gas

970 675,92

10,62

64,5

Fruits and vegetables

372 786,22

4,08

119,51

Animal fat and vegetable oil

17 113,84

0,19

11,16

Spirits and soft drinks

18 731,30

0,2

72,52

Aluminum

98 056,93

1,07

113,82

Ferrous metals, tons

96 076,40

1,05

276,81

Chemical products

55 892,22

0,61

69,88

Others

386 148,40

4,22

71,72

Source: Azerbaijani state customs committee

Most of Azerbaijan’s exports as of 2016 (71.14 percent) accounted for the export of crude oil. During the reporting period, the country exported oil worth $6.5 billion. The cost of crude oil exports decreased by 26.64 percent compared to 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, as of 2016 the export of oil products from Azerbaijan decreased from year to year.

The export of oil products amounted to $409.7 million in 2016, which is by 45.51 percent less than in 2015.

Some 4.48 percent of the country’s total export volume accounted for the export of oil products in 2016.

In 2016 the export of gas from Azerbaijan decreased by 35.5 percent in physical terms from year to year.

The share of gas in the total export was estimated at 10.62 percent in 2016.

The threefold growth was observed in exports of ferrous metals in 2016. The export of ferrous metals increased up to $96.07 million or 1.05 percent of total exports in 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 19.51 percent in 2016 compared to 2015.

According to the Azerbaijani Ministry of Agriculture, export of all agricultural products except for potatoes and onions increased for the year.

The majority (23.35 percent) accounted for the export of tomatoes and cucumbers. Walnuts and hazelnuts, cotton, tobacco were exported from the country.

Azerbaijan exported barley for the first time in 2016 and obtained $2.6 million.

The largest amount of export accounted for Italy in 2016. Thus, during this period Azerbaijan exported goods totaling $1,559.97 million to Italy which makes up 17.06 percent of a total export volume. Oil and oil products are mainly exported to this country.

Turkey ($1,132.82 million) and Taiwan $796.88 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 ($1,641.80 million) in 2016. Some 19.24 percent of the Azerbaijani imports accounted for it. Turkey ranks second - $1,881.57 million and China - third ($703.90 million).

Most of Azerbaijan’s imports or 23.6 percent in the reporting period accounted for the import of machinery, mechanisms, equipment, electrical equipment and spare parts. The machinery and equipment worth $2.01 billion were imported in 2016, which is by 18.18 percent less than in 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 13.11 percent in 2016, while this volume was 1.11 billion manat in nominal terms or by 29.51 percent less than in 2015.

Vehicles and spare parts worth $813.91 million (a share in total imports – 9.54 percent) were supplied to the country. The car imports decreased by 33.13 percent compared to 2015.

Some 5,746 vehicles were imported into the country in 2016. Some 4,991 passenger cars, 571 trucks, 96 buses and 88 special vehicles were imported. Some 926 vehicles, including 797 passenger cars were imported in December. For comparison, some 26,785 vehicles, including 23,765 passenger cars, were imported in 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 39.44 percent compared to 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. This decision is aimed at assisting local producers.

Main products imported to Azerbaijan

Products

2016

Compared to 2015, %

cost

(thousand dollars)

Import volume share, %

Meat

38 622,41

0,45

194,49

Butter

48 383,87

0,57

216,07

Milk

8 034,06

0,09

139,44

Grain

295 018,19

3,46

99,39

Cars, mechanisms, electric goods, equipment

2 013 384,37

23,6

81,82

Vehicles and spare parts

813 919,89

9,54

66,87

Wood and wooden goods

189 417,29

2,22

82,44

Ferrous metals, tons

1 118 499,53

13,11

70,49

Furniture and its parts

111 478,76

1,31

110,65

Pharmaceutical goods

196 375,50

2,3

72,55

source: Azerbaijani state customs committee

According to the Azerbaijani State Customs Committee, the countries-non-EU and CIS members were the main trading partners of Azerbaijan in 2016. These countries formed the foreign trade turnover of Azerbaijan by 49.09 percent or $8.676 billion, while the EU countries - by 34.93 percent ($5.701 billion). Some 15.98 percent or $2.825 billion accounted for the CIS.

Azerbaijan’s exports to the EU countries amounted to $3.952 billion in 2016, or 43.22 percent of a total export volume amid a 41.47 percent decrease.

Imports from EU ($2.222 billion) decreased by 24.5 percent and amounted to 26.04 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 $1.729 billion exceeding the country's total trade deficit ($0.611 billion).

The exports to the countries-non-EU and CIS members dropped by 16.94 percent - to $4.528 billion in 2016 or 49.52 percent of a total export volume, while imports - by 3.8 percent and reached $4.148 billion or 48.62 percent of the total import volume. As a result, the black ink worth $0.380 billion was observed in Azerbaijan’s trade relations with these countries.

The exports to the CIS countries for the period totaled $0.663 billion (7.26 percent of the total export volume) by increasing by 1.26 times and imports - $2.162 billion (25.34 percent) by increasing by 1.1 times. As a result, the country had a red ink in trading with the CIS countries in the amount of $1.498 billion.

During this period, about 14,055 legal and physical entities were involved in foreign trade operations, including 5,435 - legal entities and 8,620 - physical entities.

The share of public sector in exports totaled $7.22 billion, private sector – over $1.66 billion, the share of physical entities - $264.28 million.

The share of public sector in import operations amounted to $1.23 billion, the private sector – $6.81 billion, physical entities -$489.12 million.

Azerbaijan’s trade operations with foreign countries in 2016

Country

Export, thousand dollars

Compared to 2015, %

Import, thousand dollars

Compared to 2015, %

Total

9 143 279,75

71,83

8 532 447,51

92,58

Including

European countries, total:

3 951 633,85

58,53

2 222 254,04

75,5

Austria

112 651,87

27,66

63 069,54

53,25

Belgium

6 454,79

49,54

55 002,48

68,63

Bulgaria

386,29

77,58

39 423,41

309,89

Great Britain

57 239,63

549,44

495 215,31

89,5

Hungary

910,96

378,21

40 149,45

144,84

Germany

610 831,40

49,91

399 192,01

57,85

Greece

491,15

0,34

15 315,95

94,69

Denmark

106,94

148,44

22 207,50

133,47

Ireland

23 410,89

44,82

17 591,85

147,97

Spain

128 243,22

40,58

50 673,87

82,31

Italy

1 559 979,53

69,2

332 186,15

56,52

Cyprus

1 113,79

128,84 times

583,65

5,98

Latvia

853,44

106,62

7 895,63

94,64

Lithuania

2 398,60

467,62

14 861,33

55,16

Luxemburg

9 580,08

53,27 times

3 432,83

39,13

Malta

106 276,76

74,88

112,81

114,01

Netherlands

38 295,90

37,62

75 635,12

73,58

Poland

4 821,26

74,07

70 162,68

77,33

Portugal

257 147,32

69,71

10 989,95

41,94

Romania

83 316,09

99,26

86 503,84

133,68

Slovakia

130,8

235,22

21 479,96

99,51

Slovenia

4 172,54

44,25

14 098,18

96,85

Finland

269,76

142,6

12 623,96

36,54

France

493 644,17

57,13

150 410,87

70,86

Croatia

233 539,09

117,23

51 182,53

37,36 times

Czech Republic

214 366,15

39,01

101 942,92

174,63

Sweden

340,75

253,61

67 886,12

84,77

Estonia

660,67

260,73

2 424,11

42,54

Other countries, total:

4 528 033,91

83,06

4 148 465,78

96,2

the Aland Islands

0

0

0,06

0

Albania

19,39

0

234,07

34,41 times

Algeria

11 240,58

83,98 times

383,26

531,64

Australia

181,19

29,52

7 815,32

85,83

Anguilla

0

0

1,63

32,58

Angola

157,46

155,27

8,6

0

Andorra

0

0

17,4

30,07

Antigua and Barbuda

0

0

9,16

0

Argentina

46,61

580,07

12 924,03

85,28

Aruba

4,11

53,66

0

0

Afghanistan

44 260,33

21,24

0,82

0

Bahama Islands

0

0

9,39

433,64

Bangladesh

0,35

0

8 515,45

384,66

Barbados

0

0

68,79

0

Bahrain

96,99

238,02

103,2

36,43

Bolivia

0,69

0

3,7

0

Belize

0

0

19,11

27,52

Benin

0

0

215

0

the Bermuda Islands

0,88

10,47

0

0

Bosnia and Herzegovina

0

0

276,87

58,72

Botswana

0

0

0,05

3,95

Brazil

2 881,75

14,99 times

161 953,42

135,29

Brunei Darussalam

3,65

1,62

0

0

Burundi

0

0

5,42

0

Bhutan

0

0

3,79

0

Vanuatu

0

0

0,49

0

Venezuela

228,26

339,54

0

0

Virgin Islands (US)

0

0

1,4

0

Virgin Islands (UK)

0

0

127,48

23,2

Vietnam

48 899,49

12,60 times

27 217,84

280,55

Gabon

2,06

2,05

0

0

Haiti

0

0

1,44

14,25 times

Ghana

5,51

2,65

202,5

0

Guyana

0

0

147,96

169,06

Guatemala

0

0

235,86

1965,48 times

Guiana

0

0

6,41

0

La Gomera

0

0

17,57

0

Honduras

0

0

13,43

493,53

Hong Kong

110,1

19,41

950,63

47,6

Greenland

0

0

47,19

90,27

Georgia

343 419,44

69,21

51 469,22

75,7

Guam

0

0

13,38

0

Jabaliya

0

0

54,73

457,13

Djibouti

0

0

55,27

0

Dominique

7,06

0

0,76

0

The Dominican Republic

0

0

73,58

86,82

Egypt

11 857,63

108,27 times

4 884,56

135,84

Zambia

238,66

0

103,52

0

Zimbabwe

0

0

29,99

0

Israel

664 113,14

82,86

15 622,45

62,81

India

437 185,17

161,78

59 845,72

171,96

Indonesia

77 457,06

16,21

46 098,26

231,48

Jordan

2 734,10

197,89 times

2 132,54

296,65

Iraq

17 780,58

9,48

48,36

22,15

Iran

49 683,76

145,03

161 077,60

178,07

Iceland

2,69

28,09

4 136,06

368,11

Cape Verde

7 778,44

0

0

0

Caicos Islands

0

0

351,9

0

Cayman Islands

0

0

27,12

125,23

Cambodia

0

0

2 331,77

13,95 times

Cameroon

0,45

23,09

3,02

0

Canada

62 160,19

27,78

13 969,40

83,99

Qatar

107,92

22,29

62,32

360,04

Congo

0

0

1,41

0

Kenya

4,2

26,96

691,12

15,56 times

Kiribati

0

0

0,04

0,26

China

271 516,45

510,42

703 904,87

137,5

Columbia

108,01

199,27

160,95

34,38

Korea

0

0

20,39

46,45 times

Republic of Korea

118,93

306,58

72 046,11

53,79

Costa-Rica

0,33

0

1 131,01

276,62

Côte d’Ivoire

8,9

703,69

14,41

41,17 times

Cuba

1,14

19,67

69,86

101,57

Kuwait

210,68

449,11

3 530,92

90,99

Curaçao

0

0

54,93

42,40 times

Laos

0

0

9,21

0

Lesotho

0

0

0,22

0

Liechtenstein

0

0

33,96

225,49

Lebanon

42 664,55

374,28

568,62

60,68

Libya

0

0

61,07

20,67 times

Mauritius

0

0

61,31

429,84

Mauritania

0

0

23,12

0

Madagascar

0

0

344,43

231,19

Macau

0

0

0,01

0

Macedonia

6,34

0

422,69

54,58

Malawi

0

0

0,01

0,02

Malaysia

1 259,56

11,29

36 393,91

49,73

Mali

0

0

0,13

10,81

the Maldives

0

0

3,42

314,72

Morocco

0

0

2 838,30

61,88

Martinique

0

0

11,32

0

Marshall Islands

0

0

2,6

13,93

Mexico

287,99

676,67

20 831,83

93,76

Mozambique

102

50,23 times

0,03

0,22

Monaco

0

0

42,1

0

Mongolia

80,75

46,82

23,28

0

Montenegro

16,51

435,3

0,08

17,63

Maine

23,51

29,78

0

0

Myanmar

0

0

208,14

890,89

Nauru

0

0

0,48

0

Nepal

44,68

67,58

24,57

0

Niger

0

0

51,07

18,23 times

Nigeria

44,19

326,48

47,9

527,83

Nicaragua

0

0

0,86

13,95 times

Niue (New Zealand )

12,18

0

0

0

New Zealand

82,42

0

39 994,83

228,13

Norway

3 130,82

286,74

275 602,64

191,03

United Arab Emirates (UAE)

11 578,12

206,25

57 793,67

86,69

Oman

127,28

10,26 times

99,74

177,87

Saint Helena island

0

0

4,4

0

Pakistan

1 433,21

488,08

5 860,48

344,12

Panama

0

0

0,28

0

Papua New Guinea

8,15

799,52

0

0

Paraguay

0

0

647,3

528,54

Palestine

118,95

0

37,9

82,22

Peru

192,69

46,03 times

636,23

22,28 times

Polynesia

0

0

0,07

0

Puerto Rico (USA)

0

0

78,22

30,88

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

171,95

90,16

Saudi Arabia

539,53

292,01

12 101,14

133,53

Swaziland

0

0

225,06

49,3

Senegal

0

0

0,32

0

Serbia

4,33

10,57

4 035,65

102,05

the Seychelles

0,75

0

22,05

16,7

Singapore

894,44

317,51

201 497,78

194,7

Syria

0

0

291,31

236,47

United States of America (USA)

80 650,12

23,88

471 577,47

55,65

Somali

0

0

1,06

0

Sudan

0

0

10,88

0

Surinam

0

0

2,98

0

Sierra-Leone

19,9

0

0,37

0,33

Tanzania

0,94

0

343,27

71,39

Taiwan

796 881,09

708,59

13 465,11

46,11

Thailand

101 118,37

39,02

25 437,33

106,55

Trinidad and Tobago

20,31

107,27

56,01

0

Tunisia

194 761,51

66,76

2 271,99

479,26

Turkey

1 132 820,01

76,68

1 181 578,38

100,87

Uruguay

0

0

1 134,77

516,76

Faeroe Islands

0

0

497,49

63,72

the Fiji Islands

0

0

203,21

1418,10 times

Philippines

11,61

10,69

1 435,22

214,46

Falkland Islands

0

0

109,8

0

Chad

15,31

0

0

0

Chile

0

0

3 448,79

208,29

Switzerland

101 669,49

105,04

63 112,01

63,62

Sri-Lanka

0,1

0

44 190,52

302,44

Central African Republic

0

0

23,95

0

Ecuador

2,86

78,76

21 083,09

114,02

Ethiopia

0

0

79,38

77,98 times

South African Republic

278,02

59,11 times

6 242,15

205,89

Jamaica

0,7

10,04 times

2 814,23

20,1

Japan

1 651,91

189,59

282 653,51

50,65

Others

852,58

106,12

0

0

CIS countries, total:

663 611,99

126,07

2 161 727,69

110,23

Belarus

48 235,50

480,24

76 302,44

91,24

Kazakhstan

26 274,20

146,31

98 117,08

99,18

Kyrgyzstan

5 637,75

85,93

1 087,37

67,78

Moldova

498,83

111,28

3 963,63

111,35

Uzbekistan

3 418,78

31,44

11 947,17

193,67

Russia

409 273,28

97,97

1 641 809,23

114,18

Tajikistan

12 082,05

187,5

238,52

0

Turkmenistan

113 787,10

346,75

38 488,85

196,18

Ukraine

44 404,50

189,14

289 773,40

93,58

source: Azerbaijani state customs committee

Tags:
Latest

Latest