Foreign trade of Azerbaijan (January-May 2017)

The foreign trade turnover with 155 countries amounted to $7.26 billion in January-May 2017, or by 13.18 percent more than in the same period of 2016.

The volume of exports increased by 44.05 percent and amounted to $4.45 billion in January-May 2017 compared to January-May 2016. The volume of import decreased by 15.44 percent and reached $2.81 billion.

Azerbaijan exported 2,183 goods and imported 6,604 goods.

The black ink was estimated at $1.63 billion in January-May 2017, while red ink worth $281.5 million was observed in January-May 2016.

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

Main products exported from Azerbaijan

Products

January-May 2017

Compared to January-May 2016, %

Quantity

cost, thousand dollars

Share in export volume, %

cost

Crude oil, tons

8 072 518,52

3 230 141,02

72,59

135,37

Oil products (commodity code 2710), tons

345 173,80

133 587,74

3,00

85,51

Natural gas, 1,000 cubic meters

3 097 742,36

515 144,36

11,58

610,65

electricity, 1,000 kW / hour

393 413,39

16 805,41

0,38

416,69

Fruits and vegetables, tons

169 172,60

153 854,44

3,46

134,91

Tea, tons

730,75

4 067,18

0,09

154,80

Animal fat and vegetable oil, tons

6 606,31

7 472,14

0,17

120,57

Sugar, tons

32 627,47

21 016,75

0,47

104,09

Spirits and soft drinks, thousand dollars

-

10 152,09

0,23

120,05

Chemical products, tons

70 768,39

21 264,73

0,48

106,50

Plastic, tons

72 472,05

52 233,68

1,17

120,24

Cotton fiber, tons

16 491,30

22 778,84

0,51

807,12

Cotton yarn, tons

2 801,58

6 590,10

0,15

89,28

Ferrous metals, tons

60 977,77

29 824,53

0,67

76,22

Aluminum and aluminium products, tons

26 424,49

48 130,67

1,08

133,44

Others

-

177 020,96

3,97

111,97

Source: Azerbaijani state customs committee

Growth was observed in almost all main types of products exported from Azerbaijan in January-May 2017.

Most of Azerbaijan’s exports as of January-May 2017 (72.59 percent) accounted for the export of crude oil. During the reporting period, the country exported oil worth $3.23 billion. The cost of crude oil exports increased by 35.37 percent in January-May 2017 compared to January-May 2016. This is connected with a slight increase in the world 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 January-May 2017, the export of oil products from Azerbaijan decreased from year to year.

The export of oil products amounted to $133.58 million in January-May 2017, which is by 14.49 percent less than in January-May 2016.

As of 2017, three percent of the country's total export accounted for the export of oil products. A decrease in exports of oil products from the country is associated with the reconstruction of oil refineries in the country.

The positive dynamics is also observed in electricity exports in January-May 2017. Despite the share of electricity exports in Azerbaijan’s total exports was 0.38 percent, the index increased by more than fourfold compared to the same period of 2016. Thus, 393.4 million kW / h of electricity was sold to the foreign countries.

During the reporting period, the cost of export of natural gas increased by sixfold. Azerbaijan exported 3.09 billion cubic meters of natural gas in January-May 2017. The cost of these volumes of natural gas was $515.14 million.

The state measures of increasing the cotton production in the country have yielded results.

Cotton fiber was exported in the amount of $22.77 million in January-May 2017 or by over eightfold more than in January-May 2016.

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, especially wines, under ‘Made in Azerbaijan’ brand to the foreign markets.

So, the country exported alcoholic and non-alcoholic beverages worth 10.15 million manat in January-May 2017, which is by 20.05 percent more than in January-May 2016.

The exports of aluminum and aluminum products also increased. In January-May 2017 aluminum was exported by 33.44 percent more than in January-May 2016. Some 1.08 percent of total export accounted for aluminum.

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 34.91 percent in January-May 2017 compared to January-May 2016.

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

Agrarian products were exported to Russia, as well as to other countries, for example, Ukraine and Kazakhstan.

The export of Azerbaijani chemical products has also increased since early 2017. So, export of chemical products increased by 6.5 percent and amounted to $21.26 million in January-May 2017 compared to January-May 2016. The share of chemical products was 0.48 percent in the total volume of export in January-May 2017.

The biggest volume of export accounted for Italy in January-May 2017. Thus, during this period Azerbaijan exported goods totaling $944.62 million to Italy which makes up 21.23 percent of a total export volume. Oil and oil products are mainly exported to this country.

Turkey ($590.8 million) and Portugal $210.6 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 biggest import volume ($542.4 million) in January-May 2017. Some 19.26 percent of the Azerbaijani imports accounted for it. Turkey ranks second - $473.41 million and China - third ($274.56 million).

Most of Azerbaijan’s imports or 21.57 percent in the reporting period accounted for the import of machinery, mechanisms, equipment, electrical equipment and spare parts.

The machinery and equipment worth $607.65 million were imported in January-May 2017, which is by 22.1 percent less than in January-May 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 10.09 percent in January-May 2017, while this volume was 284.21 million manat in nominal terms or by 40.7 percent less than in January-May 2016.

Vehicles and spare parts worth $180.76 million (a share in total imports – 6.42 percent) were supplied to the country. The car imports decreased by 61.51 percent in January-May 2017 compared to January-May 2016.

Some 2,657 vehicles were imported into the country in January-May 2017.

Some 2,240 cars, 347 trucks, 36 buses and 34 special vehicles were supplied. Some 2,223 vehicles, including 1,939 cars, were imported in January-May 2016.

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

In particular, the cost of imports of meat increased by over twofold, milk – by 77.4 percent and butter - by 4.25 percent in January-May 2017 compared to January-May 2016.

Main products imported to Azerbaijan

Products

Jan.-May 2017

Compared to Jan.-May 2016, %

Quantity

cost

(thousand dollars)

Import volume share, %

Meat, tons

19 964,54

29 446,90

1,05

291,37

Milk, tons

3 062,24

4 864,69

0,17

177,44

Butter, tons

6 290,82

25 088,71

0,89

104,25

Fruits, vegetables, tons

167 483,17

69 335,77

2,46

101,41

Tea, tons

4 500,27

17 700,18

0,63

120,90

Grain, tons

342 618,18

64 293,77

2,28

61,36

Animal fat and vegetable oil, tons

49 714,20

47 594,10

1,69

86,19

Sugar, tons

125 078,93

59 849,93

2,12

116,00

Tobacco, thousand dollars

-

59 001,82

2,09

110,77

Cement, tons

11 952,84

2 310,12

0,08

35,08

Pharmaceutical products, tons

4 186,81

68 318,66

2,43

98,49

Plastic, tons

55 882,96

101 285,02

3,60

105,79

Wood and wooden items, thousand dollars

-

70 432,99

2,50

115,70

Ferrous metals, tons

295 445,14

284 211,27

10,09

59,30

Cars, mechanisms, electric goods, equipment, thousand dollars

-

607 659,78

21,57

77,90

Vehicles and spare parts, thousand dollars

-

180 768,60

6,42

38,49

Furniture and its parts, thousand dollars

-

32 438,93

1,15

70,58

Others

-

883 910,81

31,38

113,67

source: Azerbaijani state customs committee

According to the Azerbaijani State Customs Committee, non-EU and non-CIS countries formed the foreign trade turnover of Azerbaijan at 46.51 percent or by $3.380 billion, while the EU countries - at 37.66 percent ($2.737 billion). Some 15.83 percent or $1.151 billion accounted for the CIS.

The export of Azerbaijani goods to the EU countries amounted to $2.076 billion in January-May 2017, which is 46.66 percent of a total export volume amid 1.21 times growth.

The import from EU by Azerbaijan decreased by 27.17 percent ($0.66 billion) and amounted to 23.44 percent of a total import volume. As a result, Azerbaijan had a black ink of trade balance with the EU at the level of $1.416 billion, which is slightly less than the country's total black ink ($1.633 billion).

The exports to the non-EU and non-CIS countries increased by 1.79 times up to $2.04 billion in January-May 2017 or 45.85 percent of a total export volume, while imports decreased by 18.25 percent and reached $1.339 billion or 47.54 percent of the total import volume.

As a result, the black ink worth $0.711 billion was observed in Azerbaijan’s trade relations with these countries.

The exports to the CIS countries for the reporting period totaled $0.333 billion (7.49 percent of the total export volume) by increasing by 1.44 times, and imports - $0.817 billion (29.04 percent) by increasing by 3.93 percent. As a result, the country had a red ink worth $0.484 billion in trading with the CIS countries.

During this period, about 7,873 legal and physical entities were involved in foreign trade operations, including 4,099 - legal entities and 3,774 - physical entities.

The share of public sector in exports totaled $3.57 billion, private sector –$783.5 million, the share of physical entities - $95.61 million.

The share of public sector in import operations amounted to $329.93 million, the private sector –$2.32 billion, physical entities – $168.49 million.

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

Country

Export, thousand dollars

Compared to January-May 2016, %

Import, thousand dollars

Compared to January-May 2016, %

Total

4 450 084,63

144,05

2 816 867,54

84,56

Including

European countries, total:

2 076 223,47

120,87

660 347,91

72,83

Austria

37 598,84

192,09

22 102,35

59,77

Belgium

3 984,02

277,27

22 339,48

85,89

Bulgaria

77,01

47,12

4 688,93

103,56

Great Britain

3 067,30

85,83

97 006,15

46,28

Hungary

333,62

40,78

12 861,44

87,24

Germany

196 645,78

70,09

143 970,01

106,82

Greece

95 239,85

253,33 times

1 970,67

47,95

Denmark

366,62

22,65 times

8 310,48

110,27

Ireland

1,19

0,01

4 624,57

41,70

Spain

143 818,50

221,86

18 241,41

96,01

Italy

944 627,71

140,14

112 323,63

73,07

Cyprus

14 933,96

14,58 times

291,64

137,01

Latvia

312,01

115,99

3 403,18

111,11

Lithuania

469,50

35,86

5 461,47

137,90

Luxemburg

17,09

152,79

1 565,45

90,52

Malta

5 364,86

17,93

21,22

200,09

Netherlands

8 533,00

33,80

33 635,35

99,21

Poland

2 607,39

176,53

20 502,23

82,87

Portugal

210 604,90

239,02

3 789,25

62,66

Romania

30 521,88

111,09

28 975,79

83,65

Slovakia

0,85

3,60

5 485,59

42,59

Slovenia

0,00

0,00

4 609,88

71,82

Finland

314,66

208,70

3 642,79

67,23

France

135 051,29

44,98

55 239,65

88,48

Croatia

73 682,41

371,20

641,68

1,28

Czech Republic

167 617,00

109,20

29 065,66

130,93

Sweden

127,54

50,01

14 658,58

93,28

Estonia

304,70

285,93

919,34

106,45

Other countries, total:

2 040 417,34

178,91

1 339 277,50

81,75

the Aland Islands

0,00

0,00

0,06

0,00

Albania

2,57

13,25

170,70

162,35

Algeria

5,31

1,80

771,73

660,98

Australia

398,21

836,42

1 894,35

64,27

Anguilla

0,00

0,00

14,46

0,00

Angola

14,57

72,00

5,21

670,84

Andorra

0,00

0,00

17,4

30,07

Antigua and Barbuda

0,00

0,00

9,16

0,00

Aomin (Macao)

0,00

0,00

0,55

0,00

Argentina

0,86

4,15

7 606,60

162,27

Aruba

4,11

53,66

0,00

0,00

Afghanistan

12 823,70

59,46

0,00

0,00

Bahama Islands

0,00

0,00

9,39

433,64

Bangladesh

1,07

0,00

3 583,18

116,69

Barbados

0,00

0,00

15,86

470,25

Bahrain

15,71

0,00

32,39

63,94

Bolivia

1,07

0,00

10,20

0,00

Belize

1 425,36

0,00

0,00

0,00

Benin

0,00

0,00

215,00

0,00

the Bermuda Islands

0,88

10,47

0,00

0,00

Bosnia and Herzegovina

0,00

0,00

426,89

358,84

Botswana

0,00

0,00

0,05

3,95

Brazil

23,65

24,61

33 690,20

53,11

Brunei Darussalam

0,56

0,00

0,00

0,00

Burundi

0,00

0,00

5,42

0,00

Bhutan

0,00

0,00

3,79

0,00

Vanuatu

0,00

0,00

1,66

0,00

Venezuela

60,45

79,51

0,00

0,00

Virgin Islands (US)

0,00

0,00

3,75

0,00

Virgin Islands (UK)

0,00

0,00

127,48

23,2

Vietnam

54 973,10

971,17

13 809,06

135,03

Gabon

2,06

2,05

0,00

0,00

Haiti

0,00

0,00

1,44

14,25 times

Ghana

0,18

3,24

22,39

21,91

Guyana

0,00

0,00

147,96

169,06

Guatemala

0,00

0,00

37,51

35,81

Guinea-Bissau

0,00

0,00

0,74

0,00

Guiana

0,00

0,00

6,41

0,00

La Gomera

0,00

0,00

5,55

31,60

Honduras

0,00

0,00

4,07

203,72

Hong Kong

38,35

144,95

872,36

191,21

Greenland

0,00

0,00

47,19

90,27

Georgia

202 871,10

153,89

29 366,28

353,48

Guam

0,00

0,00

11,28

415,44

Jabaliya

0,00

0,00

2,57

6,10

Djibouti

298,06

0,00

0,00

0,00

Dominique

0,00

0,00

0,36

0,00

The Dominican Republic

0,00

0,00

69,19

149,37

Egypt

1 063,48

570,84

2 435,69

107,55

Zambia

0,00

0,00

3,35

991,67

Zimbabwe

0,00

0,00

210,45

11,98 times

Israel

177 952,38

85,44

13 555,78

363,59

India

173 786,17

256,06

47 618,91

204,66

Indonesia

51,98

0,07

9 962,87

57,14

Jordan

3 526,51

313,98

1 555,09

109,37

Iraq

7 679,96

125,81

0,21

1,88

Iran

8 137,61

38,23

88 687,44

168,97

Iceland

0,00

0,00

840,92

104,13

Yemen

0,00

0,00

13,93

0,00

Cape Verde

7 778,44

0,00

0,00

0,00

Caicos Islands

0,00

0,00

24,38

23,19

Cayman Islands

0,00

0,00

27,12

125,23

Cambodia

395,00

0,00

962,35

109,20

Cameroon

0,45

23,09

3,02

0

Canada

202 816,03

195,07 times

6 487,60

83,08

Qatar

612,97

78,51 times

19,33

197,67

Congo

15,34

0,00

0,00

0,00

Kenya

148,38

2867,72 times

284,87

74,03

Kiribati

0,00

0,00

0,04

0,26

China

185 607,27

13,77 times

274 568,74

137,42

Columbia

0,96

47,53

245,20

248,90

Congo (Brazzaville)

15,34

0,00

0,00

0,00

Korea

0,00

0,00

34,56

0,00

Republic of Korea

146,13

253,00

20 714,43

60,94

Costa-Rica

0,00

0,00

396,65

90,17

Côte d’Ivoire

0,00

0,00

27,63

626,84

Cuba

0,00

0,00

111,18

181,53

Kuwait

50,31

106,81

1 576,13

114,92

Cook Islands

0,00

0,00

4,53

0,00

Curaçao

0,00

0,00

4,53

0,00

Laos

0,00

0,00

7,86

742,36

Lesotho

0,00

0,00

0,72

0,00

Liberia

29,37

0,00

0,00

0,00

Liechtenstein

0,00

0,00

6,36

32,64

Lebanon

32 787,19

101,50

575,15

209,25

Libya

0,00

0,00

61,07

20,67 times

Mauritius

0,00

0,00

46,01

354,29

Mauritania

0,00

0,00

29,21

197,79

Madagascar

0,00

0,00

120,19

53,14

Maiori

0,00

0,00

0,53

0,00

Macau

0,00

0,00

0,55

0,00

Macedonia

0,00

0,00

285,54

335,37

Malawi

0,00

0,00

0,01

0,02

Malaysia

209,66

20,71

9 344,15

97,46

Mali

0,00

0,00

0,13

10,81

the Maldives

0,00

0,00

3,42

314,72

Maori (New Zealand)

0,00

0,00

0,53

0,00

Morocco

0,00

0,00

1 584,80

151,65

Martinique

0,00

0,00

11,32

0,00

Marshall Islands

0,00

0,00

2,6

13,93

Mexico

54,24

28,84

4 933,86

81,92

Mozambique

0,00

0,00

0,75

0,00

Monaco

0,00

0,00

4,73

11,47

Mongolia

65,15

0,00

93,48

0,00

Montenegro

0,00

0,00

9,16

0,00

Montserrat

0,00

0,00

2,30

0,00

Isle of Man

23,51

29,78

0,00

0,00

Myanmar

0,00

0,00

215,89

463,76

Namibia

0,00

0,00

0,06

0,00

Nauru

0,00

0,00

0,48

0,00

Nepal

0,00

0,00

7,77

0,00

Niger

0,00

0,00

1,49

97,53

Nigeria

12,73

30,41

21,42

130,62

Nicaragua

0,00

0,00

0,70

173,12

Niue (New Zealand )

0,00

0,00

1,67

0,00

New Zealand

72,75

88,98

17 868,27

85,48

Norway

852,65

58,82

15 077,61

14,51

United Arab Emirates (UAE)

4 205,34

91,04

7 704,60

22,36

Oman

23,74

56,50

57,15

0,00

Saint Helena island

0,00

0,00

4,4

0,00

Pakistan

782,78

181,23

3 415,55

106,22

Panama

0,00

0,00

92,98

332,59 times

Papua New Guinea

8,15

799,52

0,00

0,00

Paraguay

0,00

0,00

112,55

43,84

Palestine

58,10

94,80

53,20

0,00

Peru

1,81

0,00

121,98

45,23

Polynesia

0,00

0,00

0,07

0,00

Puerto Rico (USA)

0,00

0,00

51,42

338,11

Reunion

0,00

0,00

0,29

0,00

Rwanda

0,00

0,00

4,71

0,00

El Salvador

0,00

0,00

1,28

62,17

Somahoz

0,00

0,00

0,03

14,97

San Marino

0,00

0,00

192,42

699,92

Saudi Arabia

98,85

56,82

5 245,83

145,38

Swaziland

0,00

0,00

7,63

82,61 times

Senegal

0,00

0,00

0,32

0,00

St. Vincent and the Grenadines

0,00

0,00

0,06

0,00

Serbia

5,18

13,46 times

1 896,50

91,17

the Seychelles

0,00

0,00

80,30

0,00

Singapore

177,34

40,45

8 098,79

4,60

Syria

0,00

0,00

119,13

126,76

United States of America (USA)

1 835,16

5,90

117 476,64

57,79

the Solomon Islands

0,00

0,00

0,06

0,00

Somali

0,00

0,00

1,06

0,00

Sudan

0,00

0,00

18,58

179,68

Surinam

0,00

0,00

0,25

10,00

Sierra-Leone

0,00

0,00

6,22

0,00

Tanzania

0,00

0,00

164,77

50,51

Taiwan

168 666,01

84,53

5 878,83

135,91

Thailand

49 818,93

49,31

6 978,88

103,83

Tokelau

0,00

0,00

0,11

0,00

Tonga

0,00

0,00

0,02

0,00

Trinidad and Tobago

15,65

258,84

0,03

0,06

Tuvalu

0,00

0,00

0,69

0,00

Tunisia

113 542,04

319,00

1 376,28

146,25

Turkey

590 788,52

489,43

473 414,61

114,33

Uruguay

0,00

0,00

3,29

0,36

Faeroe Islands

0,00

0,00

497,49

63,72

the Fiji Islands

0,00

0,00

0,90

0,44

Philippines

0,30

0,00

836,18

158,36

Falkland Islands

0,00

0,00

109,8

0,00

Chad

13,50

0,00

0,95

0,00

Chile

0,00

0,00

687,82

26,89

Switzerland

40 356,42

75,70

16 093,05

52,32

Sri-Lanka

0,00

0,00

16 584,68

118,05

Central African Republic

0,00

0,00

3,94

78,82

Ecuador

0,00

0,00

10 518,75

129,94

Ethiopia

0,00

0,00

95,53

413,40

South African Republic

0,00

0,00

1 956,91

164,18

Jamaica

0,00

0,00

1,34

0,05

Japan

435,77

47,60

43 633,71

30,54

Others

560,96

248,35

0,00

0,00

CIS countries, total:

333 443,82

144,37

817 242,13

103,93

Belarus

5 571,17

69,79

42 954,55

206,25

Kazakhstan

9 985,84

146,93

57 746,71

98,16

Kyrgyzstan

128,53

6,11

337,67

43,86

Moldova

46,73

12,40

1 987,33

158,36

Uzbekistan

1 191,63

215,92

4 275,43

214,58

Russia

201 753,37

156,09

542 402,49

89,00

Tajikistan

292,61

10,99

0,32

0,00

Turkmenistan

26 234,09

36,20

32 462,16

334,53

Ukraine

88 239,84

10,07 times

135 075,47

161,72

source: Azerbaijani state customs committee

Lebanon’s military council declares Beirut a disaster-stricken city
Lebanon’s military council declares Beirut a disaster-stricken city
Trump says Beirut explosion seems to be 'bomb of some kind,' cites generals
Trump says Beirut explosion seems to be 'bomb of some kind,' cites generals
Massive blast rips through Beirut, killing 78 and injuring thousands (VIDEO) (UPDATE)
Massive blast rips through Beirut, killing 78 and injuring thousands (VIDEO) (UPDATE)
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