Foreign trade of Azerbaijan (January-February 2017)

The foreign trade turnover with 137 world countries amounted to $2.63 billion in January-February 2017, or by 20.09 percent more than in the same period of 2016.

The volume of exports increased by 36.64 percent and amounted to $1.65 billion in January-February 2017 compared to January-February 2016. The volume of import decreased by 0.44 percent and reached $971.97 million.

Azerbaijan exported 1,305 goods and imported 5,402 different goods.

Azerbaijan maintained a black ink of foreign trade balance in January-February 2017, which was facilitated by the foreign trade growth. According to the Azerbaijani State Customs Committee, the black ink of foreign trade balance was estimated at $682 million in January-February 2017, while a trade surplus worth $243.6 million was observed in January-February 2016.

As in previous periods, oil, gas and oil products were mainly exported from Azerbaijan in January-February 2017.

Main products exported from Azerbaijan

Products

Jan.-Feb. 2017

Compared to Jan.-Feb. 2016 г, в %

cost, thousand dollars

Share in export volume, %

Crude oil

1 387 383,29

83,88

147,52

Oil products

46 331,72

2,8

73,54

Natural gas

39 393,75

2,38

116,34

Fruits and vegetables

38 718,27

2,34

134,78

Animal fat and vegetable oil

2 762,68

0,17

93,13

Spirits and soft drinks

2 898,07

0,18

146,06

Aluminum and aluminium products

19 697,16

1,19

145,02

Ferrous metals, tons

8 506,74

0,51

62,86

Chemical products

6 178,00

0,37

180,47

Others

68 765,97

4,16

82,72

Source: Azerbaijani state customs committee

Most of Azerbaijan’s exports as of January-February 2017 (83.88 percent) accounted for the export of crude oil. During the reporting period, the country exported oil worth $1.38 billion. The cost of crude oil exports increased by 47.52 percent in January-February 2017 compared to January-February 2016. 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 January-February 2017, the export of oil products from Azerbaijan decreased from year to year.

The export of oil products amounted to $46.33 million in January-February 2017, which is by 26.46 percent less than in January-February 2016.

Some 2.8 percent of the country’s total export volume accounted for the export of oil products as of 2017.

In January-February 2017 the export of gas from Azerbaijan increased by 16.34 percent in physical terms from year to year.

The share of gas in the total export was estimated at 2.38 percent.

An increase in the export of alcoholic and non-alcoholic beverages was observed in Azerbaijan, which was the result of state support for encouraging the best domestic producers to export their products to the foreign markets.

So, the country exported alcoholic and non-alcoholic beverages worth 2.89 million manat in January-February 2017, which is by 46.06 percent more than in January-February 2016.

The volume of exports of fruits and vegetables which are the basis of agricultural exports of Azerbaijan continues to increase.

The exports of Azerbaijani agricultural products increased by 34.78 percent in January-February 2017 compared to January-February 2016.

Tomatoes and cucumbers, as well as walnuts and hazelnuts, cotton, tobacco are exported in large volumes from Azerbaijan.

The export of Azerbaijani chemical products has also increased since early 2017. So, export of chemical products increased by 80.47 percent and amounted to $6.18 million in January-February 2017 compared to January-February 2016. The share of chemical products was 0.37 percent in the total volume of export in January-February 2017.

The largest amount of export accounted for Italy in January-February 2017. Thus, during this period Azerbaijan exported goods totaling $422.66 million to Italy which makes up 25.55 percent of a total export volume. Oil and oil products are mainly exported to this country.

China ($123.34 million) and Israel $111.87 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.

Italy and Azerbaijan have excellent bilateral and economic ties. Italy has remained the main trading partner of Azerbaijan, the fourth exporter and the first energy consumer for eight years. As for other sectors, Italy is also represented well in the metallurgical sector of Azerbaijan. The recent agreement signed between Danieli and Baku Steel Company testifies to it. Italian products are valued in Azerbaijan and it concerns not only fashion, furniture, food but also the products in such sectors as mechanics, engineering and technology.

Russia ranks first on the largest import volume ($185.52 million) in January-February 2017. Some 19.09 percent of the Azerbaijani imports accounted for it. Turkey ranks second - $146.71 million and China - third ($105.6 million).

Most of Azerbaijan’s imports or 21.5 percent in the reporting period accounted for the import of machinery, mechanisms, equipment, electrical equipment and spare parts. The machinery and equipment worth $208.98 million were imported in January-February 2017, which is by 33.32 percent less than in January-February 2016.

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 10.46 percent in January-February 2017, while this volume was 101.65 million manat in nominal terms or by 35.83 percent less than in January-February 2016.

Vehicles and spare parts worth $42.39 million (a share in total imports – 4.36 percent) were supplied to the country. The car imports increased by 56.49 percent compared to January-February 2016.

Some 1,003 vehicles (469 cars in January and 534 cars in February) were imported into the country in January-February 2017. Some 852 passenger cars (420 and 432 accordingly), 139 trucks, 5 buses and 7 special vehicles were imported. Some 821 vehicles, including 737 passenger cars were imported in January-February 2016.

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

In particular, the cost of imports of butter increased by 36.7 percent, meat – by 67.8 and milk - by over twofold in January-February 2017 compared to January-February 2016.

Main products imported to Azerbaijan

Products

Jan.-Feb. 2017

Compared to Jan.-Feb. 2016, %

cost

(thousand dollars)

Import volume share, %

Meat

6 025,19

0,62

167,8

Butter

8 483,81

0,87

136,7

Milk

1 354,13

0,14

202,68

Grain

23 609,65

2,43

151,64

Cars, mechanisms, electric goods, equipment

208 983,90

21,5

66,68

Vehicles and spare parts

42 399,86

4,36

156,49

Wood and wooden goods

25 372,09

2,61

140,61

Ferrous metals, tons

101 657,86

10,46

64,17

Furniture and its parts

5 780,02

1,28

124,23

Pharmaceutical goods

25 132,79

2,59

83,36

source: Azerbaijani state customs committee

According to the Azerbaijani State Customs Committee, the EU was the main trading partner of Azerbaijan in February 2017, while the countries-non-EU and CIS members failed to be the main trading partners of Azerbaijan. These countries formed the foreign trade turnover of Azerbaijan at 44.39 percent or by $1.166 billion, while the EU countries - at 45.36 percent ($1.191 billion). Some 10.25 percent or $0.369 billion accounted for the CIS.

The export of Azerbaijani goods to the EU countries amounted to $0.887 billion in January-February 2017, which is 52.4 percent of a total export volume amid 1.23 times growth.

The import from EU by Azerbaijan decreased by 27.71 percent ($0.105 billion) and amounted to 23.11 percent of a total import volume. As a result, Azerbaijan had a black ink of trade balance with the EU at the level of $0.642 billion, while the country's total trade surplus ($0.682 billion).

The exports to the countries-non-EU and CIS members increased by 1.68 times up to $0.69 billion in January-February 2017 or 41.71 percent of a total export volume, while imports decreased by 4.37 percent and reached $0.476 billion or 48.95 percent of the total import volume. As a result, the black ink worth $0.214 billion was observed in Azerbaijan’s trade relations with these countries.

The exports to the CIS countries for the reporting period totaled $0.097 billion (5.89 percent of the total export volume) by increasing by 7.01 percent and imports - $0.272 billion (27.94 percent) by increasing by 1.6 times. As a result, the country had a red ink worth $0.174 billion in trading with the CIS countries.

During this period, about 4,273 legal and physical entities were involved in foreign trade operations, including 2,681 - legal entities and 1,592 - physical entities.

The share of public sector in exports totaled almost $1.47 billion, private sector –$161.72 million, the share of physical entities - $23.6 million.

The share of public sector in import operations amounted to $102.56 million, the private sector – $814.8 million, physical entities -$54.6 million.

Azerbaijan’s trade operations with foreign countries in January-February 2017

Country

Export, thousand dollars

Compared to January-February 2016, %

Import, thousand dollars

Compared to January-February 2016, %

Total

1 653 976,14

136,64

971 970,54

99,56

Including

European countries, total:

866 627,25

122,29

224 605,39

72,29

Austria

9,99

0,05

8 156,26

90,2

Belgium

2 044,84

700,3

6 337,09

70,15

Bulgaria

39,66

53,2

1 238,95

143,63

Great Britain

1 064,94

88,49

38 654,34

43,47

Hungary

231,49

85,11

3 568,73

87,44

Germany

77 825,94

52,48

48 743,46

107,94

Greece

30 669,84

171,08 times

751,02

64,58

Denmark

231,22

15,78 times

2 836,35

67,72

Ireland

0,71

0

1 469,30

22,22

Spain

73 251,96

1437 times

6 432,67

82,29

Italy

422 665,44

154,97

38 838,30

72,4

Cyprus

2 391,65

43,29 times

128,13

90,86

Latvia

311,16

125,23

1 234,44

109,07

Lithuania

183,72

473,54

810,18

80,06

Luxemburg

6,56

242,55

443,25

212,59

Malta

5 364,86

40,23

16,97

391,31

Netherlands

4 545,78

252,91

14 166,35

86,66

Poland

1 515,82

250,43

6 831,07

72,87

Portugal

98 662,86

273,64

1 374,37

339,39

Romania

87,1

14,07

12 685,22

84,87

Slovakia

0,85

8,95

1 227,21

60,62

Slovenia

0

0

1 646,92

62,28

Finland

82,48

137,77

1 188,54

44,96

France

74 511,52

57,86

15 612,69

77,84

Croatia

0

0

206,56

63,85

Czech Republic

70 835,08

83,95

6 458,08

167,15

Sweden

0

0

3 099,59

63,75

Estonia

91,79

224,68

449,34

223,62

Other countries, total:

689 883,25

167,98

475 780,67

95,93

the Aland Islands

0

0

0,06

0

Albania

0

0

58,93

150,73

Algeria

4,87

8,01

127,41

455,04

Australia

67,43

546,08

518,66

44,81

Anguilla

0

0

14,46

0

Angola

12,85

290,87

0

0

Andorra

0

0

17,4

30,07

Antigua and Barbuda

0

0

9,16

0

Aomin (Macao)

0

0

0,55

0

Argentina

0

0

1 193,19

80,04

Aruba

4,11

53,66

0

0

Afghanistan

5 813,27

35,31

0

0

Bahama Islands

0

0

9,39

433,64

Bangladesh

0

0

1 148,06

151,61

Barbados

0

0

15,86

0

Bahrain

3,94

0

15,05

454,76

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

175,56

828,62

Botswana

0

0

0,05

3,95

Brazil

20,95

73,2

23 722,24

222,44

Brunei Darussalam

3,65

1,62

0

0

Burundi

0

0

5,42

0

Bhutan

0

0

3,79

0

Vanuatu

0

0

1,66

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

324,25

3 766,72

186,01

Gabon

2,06

2,05

0

0

Haiti

0

0

1,44

14,25 times

Ghana

0

0

1,61

1,6

Guyana

0

0

147,96

169,06

Guatemala

0

0

19,76

106,64

Guinea-Bissau

0

0

0,49

0

Guiana

0

0

6,41

0

La Gomera

0

0

17,57

0

Honduras

0

0

2,43

236,45

Hong Kong

33,27

12,62 times

554,76

42,43 times

Greenland

0

0

47,19

90,27

Georgia

62 418,20

131,63

10 679,88

321,59

Guam

0

0

3,08

0

Jabaliya

0

0

2,6

85,86

Djibouti

0

0

55,27

0

Dominique

7,06

0

0,76

0

The Dominican Republic

0

0

13,25

185,09

Egypt

2,09

62,4

535,73

93,52

Zambia

0

0

0,23

78,49

Zimbabwe

0

0

107,46

16,13 times

Israel

111 878,34

113,54

4 316,43

11,11 times

India

56 471,87

161,47 times

19 784,92

308,87

Indonesia

31,75

0,09

3 961,42

38,61

Jordan

1 480,15

769,27

278,52

134,55 d.f.

Iraq

3 551,83

80,95

0,21

59,69

Iran

4 541,68

55,92

30 197,04

184,8

Iceland

0

0

553,01

72,49

Cape Verde

7 778,44

0

0

0

Caicos Islands

0

0

0,09

0,11

Cayman Islands

0

0

27,12

125,23

Cambodia

395

0

272,79

119,95

Cameroon

0,45

23,09

3,02

0

Canada

44 081,13

2451,46 times

2 847,79

118,21

Qatar

1,83

305,25

1,59

0

Congo

15,34

0

0

0

Kenya

148,18

0

87,41

49,7

Kiribati

0

0

0,04

0,26

China

123 347,86

18,78 times

105 605,95

147,2

Columbia

0

0

79,67

378,19

Congo (Brazzaville)

15,34

0

0

0

Korea

0

0

2,82

0

Republic of Korea

0

0

7 994,81

43,45

Costa-Rica

0

0

86,54

69,31

Côte d’Ivoire

0

0

11,94

10,09 times

Cuba

0

0

86,94

0

Kuwait

9,53

74,65

122,44

63,21

Curaçao

0

0

54,93

42,40 times

Laos

0

0

9,21

0

Lesotho

0

0

0,22

0

Liechtenstein

0

0

1,65

163,74

Lebanon

12 389,19

90,55

30,2

189,54

Libya

0

0

61,07

20,67 times

Mauritius

0

0

19,61

12,85 times

Mauritania

0

0

0,14

1,66

Madagascar

0

0

47,97

26,97

Macau

0

0

0,01

0

Macedonia

0

0

173,71

21,18 times

Malawi

0

0

0,01

0,02

Malaysia

107,09

178,15

2 930,29

135,44

Mali

0

0

0,13

10,81

the Maldives

0

0

3,42

314,72

Morocco

0

0

536,23

181,44

Martinique

0

0

11,32

0

Marshall Islands

0

0

2,6

13,93

Mexico

18,88

13,37

1 254,30

31,15

Mozambique

102

50,23 times

0,03

0,22

Monaco

0

0

0,71

150,5

Mongolia

0

0

46,88

0

Montenegro

16,51

435,3

0,08

17,63

Maine

23,51

29,78

0

0

Myanmar

0

0

40,74

353,73

Namibia

0

0

0,06

0

Nauru

0

0

0,48

0

Nepal

44,68

67,58

24,57

0

Niger

0

0

0,07

4,65

Nigeria

3,8

14,84

19

0

Nicaragua

0

0

0,23

0

Niue (New Zealand )

12,18

0

0

0

New Zealand

18,57

74,85

6 280,32

118,41

Norway

297,74

57,38

4 127,14

13,62

United Arab Emirates (UAE)

1 598,02

108,8

1 542,49

10,76

Oman

7,67

85,56

41,9

0

Saint Helena island

0

0

4,4

0

Pakistan

443,45

299,03

908,71

91,78

Panama

0

0

12,65

0

Papua New Guinea

8,15

799,52

0

0

Paraguay

0

0

21,96

11,48

Palestine

58,1

0

0

0

Peru

0

0

20,79

65,82

Polynesia

0

0

0,07

0

Puerto Rico (USA)

0

0

37,05

357,24

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

58,03

596,06

Saudi Arabia

60,52

48,07

3 577,72

176,81

Swaziland

0

0

6,43

0

Senegal

0

0

0,32

0

St. Vincent and the Grenadines

0

0

0,06

0

Serbia

5,18

13,46 times

740

151,49

the Seychelles

0,75

0

22,05

16,7

Singapore

50,77

12,77

5 432,99

114,67

Syria

0

0

81,17

246,2

United States of America (USA)

171,67

0,57

45 463,72

52,82

the Solomon Islands

0

0

0,04

0

Somali

0

0

1,06

0

Sudan

0

0

10,88

0

Surinam

0

0

0,25

11,84

Sierra-Leone

0

0

0,13

0

Tanzania

0

0

155,61

180,5

Taiwan

108 388,29

375,33

1 079,88

60,18

Thailand

18,82

0,06

4 151,64

113,88

Trinidad and Tobago

20,31

107,27

56,01

0

Tunisia

51 858,43

318,55

464,32

182,13

Turkey

92 299,83

258,76

146 718,51

139,3

Uruguay

0

0

1,26

0

Faeroe Islands

0

0

497,49

63,72

the Fiji Islands

0

0

203,21

1418,10 times

Philippines

0

0

510,73

316,4

Falkland Islands

0

0

109,8

0

Chad

0

0

0,95

0

Chile

0

0

140,41

10,31

Switzerland

7 191,17

22,05

3 371,29

14,94

Sri-Lanka

0

0

6 287,20

133,26

Central African Republic

0

0

2,78

0

Ecuador

0

0

4 669,97

128,99

Ethiopia

0

0

53,6

561,06

South African Republic

0

0

111,07

155,59

Jamaica

0,7

10,04 times

2 814,23

20,1

Japan

388,75

88,03

15 648,57

29,35

Others

127,94

243,9

0

0

CIS countries, total:

97 465,64

107,01

271 584,48

160,14

Belarus

2 537,84

87,61

8 852,04

102,58

Kazakhstan

3 001,78

124,94

13 183,00

118

Kyrgyzstan

23,11

0

150,05

28,39

Moldova

30,03

26,13

1 006,91

332,25

Uzbekistan

338,38

405,3

1 716,63

195,32

Russia

49 873,59

161,65

185 525,47

153,13

Tajikistan

49,67

48,76

0

0

Turkmenistan

5 881,72

11,04

23 830,22

942,16

Ukraine

35 729,53

25,94 times

37 320,16

153,03

source: Azerbaijani state customs committee

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Uzbekistan’s National Bank likely to be backed by gov't, Fitch Ratings says
Azerbaijani people trust their president - First VP Mehriban Aliyeva
Percentage share of Austria in Azerbaijan's total import slightly grows
Kazakhstan’s KazMunayGas receives ESG rating in sustainable development
Chairman of US Educated Azerbaijani Alumni Association appeals to US Ambassador in Azerbaijan
Surrendered Armenian officer says Karabakh isn't Armenian land
Armenian armed forces' manpower, armored vehicles destroyed, says Azerbaijani MoD (VIDEO)
Azerbaijan itself doing what Minsk Group didn’t - MP
Inflow of funds to Georgia up
Kazakhstan must invest in agriculture technologies oriented towards Kazakh reality
Israel sends humanitarian aid to Azerbaijan (PHOTO)
Uzbek import of cars from Turkey shrinks
Ballistic missile attacks on Gabala and other Azerbaijani cities - vandalism and fascism of Armenian leadership - People's Artist
Volume of nine-month cargo shipment from Germany via Turkish ports revealed
Iran to implement second phase of ring road around Hormoz Island
Turkmengas to buy geophysical equipment via tender
New buses to start serving passengers in Georgian Tbilisi
Deutsche Bank: Brexit trade costs will be 'material' deal or no deal
Metallurgical products import to Uzbekistan to be reduced via metallurgical plant in Tashkent
Stable basic export rate could help boost Iran's exports
Iran to settle all wheat farmers' claims
WB implements new project in Georgia
President Aliyev holds phone conversation with father of National Hero of Azerbaijan Shukur Hamidov
Iran plans to establish trade centers
New company admitted to Baku Stock Exchange
Shukur Hamidov's name will be immortalized in Gubadli district
Iran reveals its COVID-19 data for October 23
Iran increases number of emergency beds in hospitals
Ambassador welcomes liberation of Azerbaijan's Agbend settlement on border with Iran
Turkey hopes for achieving success in Karabakh conflict settlement together with Russia - Erdogan
Putin's comments were response to those taking anti-Azerbaijani position, analyst says
Kazakhstan's postal service operator to buy petrol via tender
Discussions on Karabakh conflict held at UN Security Council 25 years later - Assistant to Azerbaijani president
Export of cars to Kyrgyzstan spiked - Turkish Ministry of Trade
Turkmenistan increases fruit imports from EAEU countries
It's incorrect to talk about CSTO's help, while conflict taking place in Karabakh - Russian MFA
Azerbaijan confirms 212 more COVID-19 recoveries
No objective benefit for NATO's open support to any party of Karabakh conflict - Russian expert
Georgia reveals total projected harvest of grapes in 2020
Gold, silver prices in Azerbaijan down
Armenia carries out eco-terrorism against Azerbaijan
Georgia names number of beneficiaries received discount cards under agro-diesel promotion program
Captured Armenian soldier admits presence of foreign mercenaries in Armenia (PHOTO/VIDEO)
Azerbaijani media working hard in information space, demonstrating objectivity, accuracy - MP
Daimler lifts profit forecast as China snaps up luxury cars
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