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Foreign trade of Azerbaijan (January-September 2017)

Analysis Materials 1 December 2017 10:26 (UTC +04:00)

The foreign trade turnover with 187 countries amounted to $14.32 billion in January-September 2017, or by 7.9 percent less than in the same period of 2016.

The volume of exports decreased by 13.4 percent and amounted to $8.14 billion in January-September 2017 compared to January-September 2016. The volume of import reached $6.18 billion in January-September 2017 which is by 0.5 percent more than in January-September 2016.

Azerbaijan exported 2,874 goods and imported 7,164 different goods.

The black ink of foreign trade balance was estimated at $1.97 billion in January-September 2017, which is by 5.8 times more than in January-September 2016.

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

Main products exported from Azerbaijan

Products

Jan.-Sept. 2017

Quantity

cost, $1,000

Share in export volume, %

Crude oil, tons

15 381 808,47

5 883 465,06

72,24

Oil products (2710 by commodity code), tons

617 679,65

238 267,28

2,93

Natural gas, 1,000 cubic meters

5 213 579,41

928 658,17

11,4

electricity, 1,000 kW / hour

812 338,69

36 232,16

0,44

Fruits and vegetables, tons

341 316,56

306 509,96

3,76

Tea, tons

1 261,17

7 171,75

0,09

Animal fat and vegetable oil, tons

12 274,88

13 102,27

0,16

Sugar, tons

52 279,36

33 951,85

0,42

Spirits and soft drinks, $1,000

-

16 713,29

0,21

Chemical products, tons

237 185,58

57 915,28

0,71

Plastic, tons

118 179,69

77 880,61

0,96

Cotton fiber, tons

19 857,84

27 054,25

0,33

Cotton yarn, tons

5 385,81

12 321,81

0,15

Ferrous metals, tons

132 107,30

60 923,00

0,75

Aluminum and aluminum products, tons

45 834,92

87 416,50

1,07

Others

-

356 360,80

4,38

Source: Azerbaijani state customs committee

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

Most of Azerbaijan’s exports as of January-September 2017 (72.24 percent) accounted for the export of crude oil. During the reporting period, the country exported oil worth $5.88 billion.

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-September 2017, the export of oil products from Azerbaijan decreased from year to year.

The export of oil products amounted to $238.26 million in January-September 2017, which is by 10.18 percent less than in January-September 2016.

Some 2.93 percent of the country’s total export volume accounted for the export of oil products as of January-September 2017.

Reduction of exports of oil products is associated with the reconstruction of oil refineries in the country.

The positive dynamics is also observed in the volume of electricity exports in January-September 2017. Despite 0.44 percent accounted for electricity in Azerbaijan’s total exports, the figure increased by more than twice compared to the same period of 2016. Thus, 812.33 kW / h of electricity was sold to foreign countries.

During the reporting period, the export of natural gas increased by 22.3 percent in value terms. Azerbaijan exported 5.21 billion cubic meters of natural gas in January-September 2017. The cost of these volumes of natural gas was $928.65 million.

The state measures for the cotton-growing development in the country have yielded results.

Cotton fiber was exported in the amount of $27.05 million in January-September 2017, which is by 80.50 percent more than in January-September 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 16.71 million manat in January-September 2017, which is by 28.11 percent more than in January-September 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 63.72 percent in January-September 2017 compared to January-September 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 Ukraine, Kazakhstan and other countries.

The export of Azerbaijani chemical products has also increased since early 2017. So, export of chemical products increased by 25.49 percent and amounted to $57.91 million in January-September 2017 compared to January-September 2016. The share of chemical products was 0.71 percent in the total volume of export in January-September 2017.

The biggest volume of export accounted for Italy in January-September 2017. Thus, during this period Azerbaijan exported goods totaling $1.80 billion to Italy which makes up 22.21 percent of a total export volume. Oil and oil products are mainly exported to this country.

Turkey ($1.06 billion) and China $437.04 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 in the biggest import volume ($1.04 billion) in January-September 2017. Some 16.86 percent of the Azerbaijani imports accounted for Russia. Turkey ranks second - $895.03 million and China - third ($611.55 million).

Most of Azerbaijan’s imports or 21.56 percent in the reporting period accounted for the import of machinery, mechanisms, equipment, electrical equipment and spare parts. The machinery and equipment worth $1.33 billion were imported in January-September 2017, which is by 6.84 percent less than in January-September 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 9.03 percent in January-September 2017, while this volume was $563.37 million in nominal terms or by 9.55 percent less than in January-September 2016.

Vehicles and spare parts worth $866.58 million (a share in total imports – 14.03 percent) were supplied to the country. The cost of car imports increased by 44.85 percent in January-September 2017 compared to January-September 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 almost twofold, milk – by 69.02 percent and butter - by 27.64 percent in January-September 2017 compared to January-September 2016.

Main products imported to Azerbaijan

Products

Jan.-Sept. 2017

Quantity

cost

($1,000)

Import volume share, %

Meat, tons

30 387,31

46 551,95

0,75

Milk, tons

6 023,54

9 719,66

0,16

Butter, tons

10 837,88

49 064,69

0,79

Fruits, vegetables, tons

191 862,06

91 465,10

1,48

Tea, tons

9 839,81

39 235,61

0,64

Grain, tons

746 385,07

136 360,53

2,21

Animal fat and vegetable oil, tons

104 597,48

99 623,21

1,61

Sugar, tons

267 429,49

124 467,29

2,01

Tobacco, $1,000

-

114 659,27

1,86

Cement, tons

21 696,97

4 719,25

0,08

Pharmaceutical products, tons

8 536,51

142 657,60

2,31

Plastic, tons

127 288,48

219 841,94

3,56

Wood and wooden items, $1,000

-

152 046,73

2,46

Ferrous metals, tons

563 372,08

557 790,43

9,03

Cars, mechanisms, electric goods, equipment, $1,000

-

1 331 633,08

21,56

Vehicles and spare parts, $1,000

-

866 583,30

14,03

Furniture and its parts, $1,000

-

61 933,53

1

Others

-

1 753 940,10

28,38

source: Azerbaijani state customs committee

During this period, about 11,882 legal and physical entities were involved in foreign trade operations, including 5,223 - legal entities and 6,659 - physical entities.

The share of public sector in exports totaled $6.49 billion, private sector –$1.5 billion, the share of physical entities - $150.95 million.

The share of public sector in import operations amounted to $822.6 million, the private sector –$5.04 billion, physical entities – $319.97 million.

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

Country

Export, $1,000

Export volume, %

Import, $1,000

Import volume, %

Total

8 143 944,04

100

6 177 594,80

100

Including

European countries, total:

3 727 356,30

45,77

1 303 458,10

21,1

Austria

98 158,24

1,21

37 391,03

0,61

Belgium

9 469,00

0,12

39 534,04

0,64

Bulgaria

153,25

0

31 374,18

0,51

Great Britain

6 576,14

0,08

174 651,02

2,83

Hungary

556,79

0,01

27 845,46

0,45

Germany

333 473,51

4,09

282 052,60

4,57

Greece

125 162,38

1,54

6 398,60

0,1

Denmark

634,53

0,01

16 879,25

0,27

Ireland

4,92

0

7 847,47

0,13

Spain

179 410,97

2,2

41 630,91

0,67

Italy

1 809 001,95

22,21

230 728,25

3,73

Cyprus

25 690,60

0,32

623,49

0,01

Latvia

1 630,86

0,02

6 050,83

0,1

Lithuania

1 256,23

0,02

11 137,68

0,18

Luxemburg

15 537,14

0,19

2 719,75

0,04

Malta

36 886,65

0,45

49,97

0

Netherlands

17 535,30

0,22

66 305,24

1,07

Poland

5 817,45

0,07

44 033,92

0,71

Portugal

345 291,52

4,24

7 327,55

0,12

Romania

121 600,19

1,49

50 486,80

0,82

Slovakia

89,87

0

15 113,09

0,24

Slovenia

4 275,17

0,05

11 657,95

0,19

Finland

611,13

0,01

13 956,81

0,23

France

135 595,07

1,66

98 434,60

1,59

Croatia

103 918,78

1,28

1 080,51

0,02

Czech Republic

348 076,49

4,27

54 522,34

0,88

Sweden

372,06

0

21 772,79

0,35

Estonia

570,09

0,01

1 851,96

0,03

Other countries, total:

3 776 422,11

46,37

3 255 297,66

52,7

Åland Islands

0

0

3,02

0

Albania

60,56

0

261,27

0

Algeria

13,61

4,28

919,92

299,96

Australia

498,22

0,01

3 390,52

0,05

Anguilla

0

0

2,44

0

Angola

16,22

0

20,98

0

Andorra

0

0

0,25

0

Antigua and Barbuda

0,00

0,00

9,16

0,00

Aomin (Macao)

0,00

0,00

0,55

0,00

Argentina

16,86

0

18 288,94

0,3

Aruba

18,43

0

0

0

Afghanistan

14 888,46

54,95

0,00

0,00

Bahama Islands

0

0

2,86

0

Bangladesh

1,07

0

7 152,11

0,12

Barbados

0

0

15,86

0

Bahrain

18,95

318,72

75,22

110,51

Bolivia

1,28

184,65

10,20

787,37

Belize

1 425,36

0,02

3,23

0

Benin

0,00

0,00

215,00

0,00

the Bermuda Islands

9,88

0

0

0

Bosnia and Herzegovina

0,00

0,00

620,08

410,70

Botswana

0,00

0,00

0,05

3,95

Brazil

63,29

3,01

145 947,82

118,96

Brunei Darussalam

69,80

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

77,17

70,98

0,00

0,00

Virgin Islands (US)

0,00

0,00

4,52

323,84

Virgin Islands (UK)

0,00

0,00

11,20

323,38 times

Vietnam

55 068,08

112,96

26 932,15

162,01

Gabon

2,06

2,05

0,00

0,00

Haiti

0,00

0,00

0,23

15,60

Ghana

0,18

3,24

23,33

21,91

Guyana

0,00

0,00

147,96

169,06

Guatemala

0,00

0,00

164,39

95,09

Guinea-Bissau

0,00

0,00

1,06

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

16,77

204,86

Hong Kong

49,58

139,28

1 300,98

192,41

Greenland

0,00

0,00

47,19

90,27

Georgia

336 608,71

138,89

49 274,13

269,30

Guam

0,00

0,00

12,76

141,62

Jabaliya

0,00

0,00

2,57

5,92

Djibouti

298,06

0,00

0,00

0,00

Dominique

0,00

0,00

1,93

795,72

The Dominican Republic

0,00

0,00

119,41

197,02

Egypt

1 463,14

628,45

4 260,28

117,18

Zambia

0,00

0,00

17,99

17,88

Zimbabwe

0,00

0,00

215,65

10,59 times

Israel

305 640,31

88,37

22 639,25

244,60

India

272 223,07

98,79

65 369,68

193,00

Indonesia

93 186,70

120,51

32 306,31

132,33

Jordan

3 803,74

226,72

2 060,44

132,21

Iraq

11 573,04

104,52

0,21

1,85

Iran

11 447,35

37,34

157 470,01

172,24

Iceland

4,55

0,00

1 888,67

160,84

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

34,00

32,33

Cayman Islands

0,00

0,00

0,07

0,00

Cambodia

402,48

0,00

1 585,48

104,38

Cameroon

6,07

0,00

0,35

28,80

Canada

245 754,77

344,90

9 840,80

94,71

Qatar

3 419,77

79,34 times

23,12

64,21

Congo

15,34

0,00

0,00

0,00

Kenya

148,72

2874,41 times

444,53

76,77

Kiribati

0,00

0,00

0,04

0,26

China

436 918,07

378,01

527 759,48

125,06

Columbia

66,54

657,01

270,87

239,81

Congo (Brazzaville)

15,34

0,00

0,07

14,75

Korea

0,00

0,00

83,67

566,60

Republic of Korea

157,82

233,10

49 619,93

97,85

Costa-Rica

0,00

0,00

525,70

71,54

Côte d’Ivoire

0,00

0,00

30,79

439,36

Cuba

0,01

0,00

136,10

218,41

Kuwait

52,82

57,66

3 822,74

169,97

Cook Islands

0,00

0,00

0,11

0,00

Curaçao

0,00

0,00

4,53

18,47

Laos

0,00

0,00

17,52

11,01 times

Lesotho

0,00

0,00

2,24

0,00

Liberia

29,37

0,00

2,89

0,00

Liechtenstein

0,00

0,00

14,27

71,95

Lebanon

32 787,33

76,85

633,89

212,48

Libya

0,00

0,00

1,61

0,00

Mauritius

0,00

0,00

67,00

175,15

Mauritania

0,00

0,00

30,16

133,53

Madagascar

0,00

0,00

166,05

61,46

Maiori

0,00

0,00

0,53

0,00

Macau

0,00

0,00

0,55

0,00

Macedonia

0,00

0,00

452,24

294,89

Malawi

0,00

0,00

205,74

0,00

Malaysia

3 598,20

9,15

15 918,61

65,71

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

2,75

0,00

2 511,03

143,31

Martinique

0,00

0,00

11,32

0,00

Marshall Islands

0,00

0,00

2,6

13,93

Mexico

62,15

33,04

6 573,62

41,07

Mozambique

3,23

3,17

5,95

203,79 times

Monaco

0,15

0,00

4,94

11,88

Mongolia

65,15

622,68

93,48

0,00

Montenegro

24,27

0,00

9,16

0,00

Montserrat

0,00

0,00

2,30

0,00

Isle of Man

90,52

0,00

0,00

0,00

Myanmar

0,00

0,00

361,27

383,48

Namibia

0,00

0,00

0,06

0,00

Nauru

0,00

0,00

0,48

0,00

Nepal

7,12

0,00

23,94

469,83

Niger

0,00

0,00

2,42

88,32

Nigeria

428,19

990,25

21,93

50,95

Nicaragua

0,00

0,00

0,94

161,41

Niue (New Zealand )

0,00

0,00

1,67

0,00

New Zealand

106,97

129,79

33 390,75

118,51

Norway

1 358,12

68,13

115 822,02

82,22

United Arab Emirates (UAE)

11 880,35

169,53

12 540,22

26,00

Oman

67,94

90,61

157,89

653,85

St. Helena island

0,00

0,00

4,4

0,00

Pakistan

1 445,38

215,83

4 921,19

114,27

Panama

0,00

0,00

93,61

334,86 times

Papua New Guinea

0,00

0,00

0,18

0,00

Paraguay

0,00

0,00

438,83

116,13

Palestine

58,10

94,80

53,20

0,00

Peru

1,81

0,95

239,55

71,57

Polynesia

0,00

0,00

0,07

0,00

Puerto Rico (USA)

0,00

0,00

492,58

860,83

Reunion

0,00

0,00

0,29

0,00

Rwanda

0,00

0,00

4,71

0,00

El Salvador

0,00

0,00

1,45

58,22

Somahoz

0

0

0,8

0

San Marino

0,00

0,00

235,22

449,04

Saudi Arabia

235,96

49,89

8 337,74

103,77

Swaziland

0,00

0,00

7,63

3,39

Senegal

0,00

0,00

0,32

0,00

St. Vincent and the Grenadines

0,00

0,00

0,06

0,00

Serbia

18,04

13,02 times

2 922,53

105,71

the Seychelles

0,00

0,00

80,30

364,17

Saint Martin

0,00

0,00

0,54

0,00

Singapore

315,65

47,93

13 795,07

7,43

Syria

0,00

0,00

201,75

102,81

United States of America (USA)

57 821,07

0,71

611 557,41

9,9

the Solomon Islands

0,00

0,00

0,06

0,00

Somali

0,00

0,00

1,06

0,00

Sudan

1,44

0,00

91,99

887,52

Surinam

0,00

0,00

0,25

10,00

Sierra-Leone

0,00

0,00

8,60

83,84 times

Tanzania

0,00

0,00

289,30

87,74

Taiwan

267 240,32

45,19

11 013,32

116,58

Thailand

49 831,03

40,39

18 958,54

134,14

Tokelau

0,00

0,00

0,11

0,00

Tonga

0,00

0,00

0,02

0,00

Trinidad and Tobago

27,22

134,05

35,15

62,76

Tuvalu

0,00

0,00

0,69

0,00

Tunisia

157 585,12

110,14

1 864,63

110,61

Turkey

1 025 807,92

127,23

808 371,01

110,42

Uruguay

0,00

0,00

50,58

4,93

Faeroe Islands

0,00

0,00

226,58

45,54

the Fiji Islands

0,00

0,00

0,90

0,44

Philippines

0,30

0,00

1 146,25

126,83

Falkland Islands

0,00

0,00

109,,8

0,00

Chad

13,50

0,00

0,95

0,00

Chile

0,00

0,00

1 463,33

48,91

Switzerland

83 648,56

111,61

37 863,91

88,04

Sri-Lanka

0,00

0,00

30 036,55

111,19

Central African Republic

0,00

0,00

3,94

16,93

Ecuador

0,00

0,00

13 965,10

123,68

Eritrea

0,00

0,00

0,21

0,00

Ethiopia

0,00

0,00

378,04

12,83 times

South African Republic

1,09

0,40

6 333,64

120,01

Jamaica

0,00

0,00

2,70

0,10

Japan

1 246,52

112,25

70 642,90

31,21

Others

963,21

200,35

4,86

0,00

CIS countries, total:

640 165,63

7,86

1 618 839,04

26,21

Belarus

11 266,85

0,14

90 601,43

1,47

Kazakhstan

21 781,26

0,27

80 734,07

1,31

Kyrgyzstan

439,45

0,01

643,24

0,01

Moldova

117,41

0

3 607,58

0,06

Uzbekistan

2 037,81

0,03

13 337,87

0,22

Russia

392 650,53

4,82

1 041 667,09

16,86

Tajikistan

1 395,96

0,02

0,32

0

Turkmenistan

43 574,17

0,54

71 946,18

1,16

Ukraine

166 902,19

2,05

316 301,27

5,12

source: Azerbaijani state customs committee

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