Foreign trade of Azerbaijan (January-October 2017)

The foreign trade turnover with 187 countries amounted to $16.01 billion in January-October 2017, or by 13.1 percent more than in the same period of 2016.

The volume of exports increased by 25.7 percent and amounted to $9.05 billion in January-October 2017 compared to January-October 2016. The volume of import reached $6.96 billion in January-October 2017 which is slightly more than in January-October 2016.

Azerbaijan exported 2,977 goods and imported 7,264 different goods.

The black ink of foreign trade balance was estimated at $2.1 billion in January-October 2017, which is by 8.8 times more than in January-October 2016.

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

Main products exported from Azerbaijan

Products

Jan.-Oct. 2017

Quantity

cost, $1,000

Share in export volume, %

Crude oil, tons

16,977,159.44

6,539,344.36

72.22

Oil products (2710 by commodity code), tons

686,007.30

268,227.81

2.96

Natural gas, 1,000 cubic meters

5,649,024.92

1,001,705.19

11.06

electricity, 1,000 kW / hour

843,841.88

37,259.83

0.41

Fruits and vegetables, tons

408,186.87

375,321.62

4.15

Tea, tons

1,451.49

8,297.45

0.09

Animal fat and vegetable oil, tons

13,188.88

14,117.79

0.16

Sugar, tons

56,257.78

36,459.47

0.40

Spirits and soft drinks, $1,000

-

18,618.33

0.21

Chemical products, tons

270,761.73

65,506.80

0.72

Plastic, tons

120,896.30

80,726.19

0.89

Cotton fiber, tons

20,607.40

28,108.20

0.31

Cotton yarn, tons

5,971.82

13,496.86

0.15

Ferrous metals, tons

141,675.66

67,168.57

0.74

Aluminum and aluminum products, tons

50,754.41

98,081.79

1.08

Others

-

401,761.48

4.45

Source: Azerbaijani state customs committee

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

Most of Azerbaijan’s exports as of January-October 2017 (72.22 percent) accounted for the export of crude oil. During the reporting period, the country exported oil worth $6.53 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-October 2017, the export of oil products from Azerbaijan decreased from year to year.

The export of oil products amounted to $268.22 million in January-October 2017, which is by 14.20 percent less than in January-October 2016.

Some 2.96 percent of the country’s total export volume accounted for the export of oil products as of January-October 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-October 2017. Despite 0.41 percent accounted for electricity in Azerbaijan’s total exports, the figure increased by 2.8 percent in January-October 2017 compared to the same period of 2016. Thus, 843.84 kW / h of electricity was sold to foreign countries.

The positive dynamics is also observed in the volume of electricity exports in January-October 2017. Despite 0.44 percent accounted for electricity in Azerbaijan’s total exports, 812.33 million kW / h of electricity was sold to foreign countries.

During the reporting period, the export of natural gas increased by 34.54 percent in value terms. Azerbaijan exported 5.64 billion cubic meters of natural gas in January-October 2017. The cost of these volumes of natural gas was $1,001.70 million.

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 18.61 million manat in January-October 2017, which is by 25.02 percent more than in January-October 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 54.61 percent in January-October 2017 compared to January-October 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 30.48 percent and amounted to $65.50 million in January-October 2017 compared to January-October 2016. The share of chemical products was 0.72 percent in the total volume of export in January-October 2017.

The biggest volume of export accounted for Italy in January-October 2017. Thus, during this period Azerbaijan exported goods totaling $2.07 billion to Italy which makes up 22.87 percent of a total export volume. Oil and oil products are mainly exported to this country.

Turkey ($1.15 billion) and Russia $452.07 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 ($1.20 billion) in January-October 2017. Some 17.31 percent of the Azerbaijani imports accounted for Russia. Turkey ranks second - $1.01 billion and China - third ($675.03 million).

Most of Azerbaijan’s imports or 21.41 percent in the reporting period accounted for the import of machinery, mechanisms, equipment, electrical equipment and spare parts. The machinery and equipment worth $1.48 billion were imported in January-October 2017, which is by 9.01 percent less than in January-October 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 9.45 percent in January-October 2017, while this volume was $657.22 million in nominal terms or by 31.37 percent less than in January-October 2016.

Vehicles and spare parts worth $907.88 million (a share in total imports – 13.05 percent) were supplied to the country. The cost of car imports increased by 44.99 percent in January-October 2017 compared to January-October 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 63.35 percent, milk – by 84.95 percent and butter - by 36.14 percent in January-October 2017 compared to January-October 2016.

Main products imported to Azerbaijan

Products

Jan.-Oct. 2017

Quantity

cost

($1,000)

Import volume share, %

Meat, tons

34,004.30

52,451.45

0.75

Milk, tons

6,953.38

11,541.32

0.17

Butter, tons

11,888.60

55,246.56

0.79

Fruits, vegetables, tons

226,072.83

103,707.16

1.49

Tea, tons

10,864.43

43,534.37

0.63

Grain, tons

943,429.24

170,112.66

2.44

Animal fat and vegetable oil, tons

116,224.37

112,149.30

1.61

Sugar, tons

328,371.96

150,911.55

2.17

Tobacco, $1,000

-

127,484.14

1.83

Cement, tons

25,275.39

5,517.89

0.08

Pharmaceutical products, tons

9,864.03

166,960.69

2.40

Plastic, tons

143,543.72

247,392.68

3.56

Wood and wooden items, $1,000

-

174,557.95

2.51

Ferrous metals, tons

642,383.21

657,227.51

9.45

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

-

1,489,997.07

21.41

Vehicles and spare parts, $1,000

-

907 880,51

13.05

Furniture and its parts, $1,000

-

68,450.49

0.98

Others

-

1,991,613.50

28.62

source: Azerbaijani state customs committee

During this period, about 13,082 legal and physical entities were involved in foreign trade operations, including 5,495 - legal entities and 7,587 - physical entities.

The share of public sector in exports totaled $7.2 billion, private sector –$1.69 billion, the share of physical entities - $161.83 million.

The share of public sector in import operations amounted to $893.97 million, the private sector –$5.69 billion, physical entities – $370.49 million.

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

Country

Export, $1,000

Export volume, %

Import, $1,000

Import volume, %

Total

9,054,201.75

100.00

6,958,381.25

100.00

Including

European countries, total:

4,198,545.10

46.37

1,466,866.34

21.08

Austria

137,187.04

1.52

41,104.25

0.59

Belgium

9,536.40

0.11

46,026.67

0.66

Bulgaria

153.25

0.00

33,154.26

0.48

Great Britain

8,016.63

0.09

192,360.55

2.76

Hungary

556.79

0.01

27,845.46

0.45

Germany

337,656.36

3.73

330,798.93

4.75

Greece

125,162.38

1.54

6,398.60

0.1

Denmark

792.30

0.01

17,968.86

0.26

Ireland

4.92

0.00

8,503.81

0.12

Spain

179,609.67

1.98

48,207.85

0.69

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

15,938.49

0.23

France

135,844.68

1.50

111,888.50

1.61

Croatia

103,918.78

1.15

1,171.71

0.02

Czech Republic

439,794.72

4.86

57,267.60

0.82

Sweden

372.06

0

21,772.79

0.35

Estonia

626.09

0.01

1,900.17

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

0

919.92

0.01

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

0

0.55

0

Argentina

16.86

0

18,288.94

0.3

Aruba

18.43

0

0

0

Afghanistan

17,963.48

0.22

0

0

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

0

75.22

0

Bolivia

6.78

0

10.2

0

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

14.7

0

647.53

0.01

Botswana

0.00

0.00

0.05

3.95

Brazil

63.29

0

157,880.27

2.56

Brunei Darussalam

69.8

0

0

0

Burundi

0.00

0.00

5.42

0.00

Bhutan

0.00

0.00

3.79

0.00

Vanuatu

0

0

1.66

0

Venezuela

78.42

0

0.95

0

Virgin Islands (US)

0

0

4.52

0

Virgin Islands (UK)

0

0

11.2

0

Vietnam

55,092.08

0.68

32,562.68

0.53

Gabon

2.06

2.05

0.00

0.00

Haiti

0

0

0.23

0

Ghana

0.18

0

24.56

0

Guyana

0.00

0.00

147.96

169.06

Guatemala

0

0

164.87

0

Guinea-Bissau

0

0

1.06

0

Guiana

24.47

0

0

0

La Gomera

0

0

5.55

0

Honduras

0

0

16.77

0

Hong Kong

51.42

0

1,341.74

0.02

Greenland

0.00

0.00

47.19

90.27

Georgia

353,465.46

4.34

56,035.77

0.91

Guam

0

0

12.8

0

Jabaliya

0

0

2.57

0

Djibouti

298.06

0

0

0

Dominique

0

0

2.96

0

The Dominican Republic

0

0

120.06

0

Egypt

1,463.14

0.02

4,517.80

0.07

Zambia

0

0

18.03

0

Zimbabwe

0

0

319.32

0.01

Israel

375,284.23

4.61

24,768.96

0.4

India

272,223.75

3.34

70,330.86

1.14

Indonesia

176,986.31

2.17

38,993.06

0.63

Jordan

4,084.39

0.05

2,090.85

0.03

Iraq

13,654.85

0.17

0.21

0

Iran

12,372.22

0.15

170,400.00

2.76

Iceland

4.55

0

2,283.71

0.04

Yemen

0

0

13.93

0

Cape Verde

7,778.44

0.00

0.00

0.00

Caicos Islands

0

0

34.71

0

Cayman Islands

0

0

0.07

0

Cambodia

402.48

0

1,983.23

0.03

Cameroon

6.07

0

15.11

0

Canada

299,029.93

3.67

10,943.41

0.18

Qatar

3,741.53

0.05

23.12

0

Congo

15.34

0.00

0.00

0.00

Kenya

148.72

0

473.79

0.01

Kiribati

0.00

0.00

0.04

0.26

China

437,042.64

5.37

597,569.05

9.67

Columbia

66.54

0

272.85

0

Congo (Brazzaville)

15.34

0

0.07

0

Korea

0

0

83.73

0

Republic of Korea

157.82

0

57,110.47

0.92

Costa-Rica

0

0

605.3

0.01

Côte d’Ivoire

0

0

33.65

0

Cuba

0.01

0

200.42

0

Kuwait

63.55

0

4,755.27

0.08

Cook Islands

0

0

0.11

0

Curaçao

0

0

4.53

0

Laos

0

0

17.88

0

Lesotho

0

0

2.24

0

Liberia

29.37

0

2.89

0

Liechtenstein

0

0

16.96

0

Lebanon

32,787.33

0.4

705.76

0.01

Libya

0

0

1.61

0

Mauritius

0

0

72.67

0

Mauritania

0

0

38.16

0

Madagascar

0

0

359.01

0.01

Maiori

0.00

0.00

0.53

0.00

Macau

0.00

0.00

0.55

0.00

Macedonia

0

0

482.97

0.01

Malawi

0

0

205.8

0

Malaysia

4,184.41

0.05

17,356.89

0.28

Mali

0.00

0.00

0.13

10.81

the Maldives

0.00

0.00

3.42

314.72

Maori (New Zealand)

0

0

0.53

0

Morocco

2.75

0

2,860.84

0.05

Martinique

0

0

0.04

0

Marshall Islands

0.00

0.00

2.6

13.93

Mexico

62.9

0

8,292.46

0.13

Mozambique

3.23

0

5.95

0

Monaco

0.15

0

5.14

0

Mongolia

65.15

0

93.48

0

Montenegro

24.27

0

9.16

0

Montserrat

0

0

2.4

0

Isle of Man

90.52

0

0

0

Myanmar

0

0

435.96

0.01

Namibia

0

0

0.79

0

Nauru

0.00

0,00

0.48

0.00

Nepal

7.12

0

23.94

0

Niger

0

0

2.42

0

Nigeria

454.92

0.01

24.01

0

Nicaragua

0

0

0.94

0

Niue (New Zealand )

0

0

1.67

0

New Zealand

106.97

0

34,746.51

0.56

Norway

1,381.98

0.02

124,741.84

2.02

United Arab Emirates (UAE)

12,062.42

0.15

13,956.46

0.23

Oman

67.94

0

241.81

0

St. Helena island

0.00

0.00

4.4

0.00

Pakistan

1,457.42

0.02

5,349.22

0.09

Panama

0

0

93.61

0

Papua New Guinea

11.89

0

0.18

0

Paraguay

0

0

513.38

0.01

Palestine

58.1

0

62.61

0

Peru

1.81

0

322.74

0.01

Polynesia

0.00

0.00

0.07

0.00

Puerto Rico (USA)

0

0

509.06

0.01

Reunion

0.00

0.00

0.29

0.00

Rwanda

0

0

0.43

0

El Salvador

0

0

2.03

0

Somahoz

0

0

0.8

0

San Marino

0

0

282.77

0

Saudi Arabia

255.33

0

11,794.16

0.19

Swaziland

0

0

7.63

0

Senegal

0.00

0.00

0.32

0.00

St. Vincent and the Grenadines

0

0

0.06

0

Serbia

18.04

0

3,276.36

0.05

the Seychelles

0.00

0.00

80.30

364.17

Saint Martin

0

0

0.7

0

Singapore

315.69

0

15,130.79

0.24

Syria

0

0

201.75

0

United States of America (USA)

57,821.07

0.71

611,557.41

9.9

the Solomon Islands

0

0

0.06

0

Somali

0.00

0.00

1.06

0.00

Sudan

1.44

0

91.99

0

Surinam

0

0

0.25

0

Sierra-Leone

0

0

8.6

0

Tanzania

0

0

290.51

0

Taiwan

267,240.32

3.28

14,554.95

0.24

Thailand

49,839.09

0.61

20,763.99

0.34

Tokelau

0

0

0.11

0

Tonga

0.00

0.00

0.02

0.00

Trinidad and Tobago

27.47

0

35.15

0

Tuvalu

0

0

0.69

0

Tunisia

157,585.12

1.93

2,021.60

0.03

Turkey

1,063,573.05

13.06

895,030.50

14.49

Uganda

0

0

5.14

0

Uruguay

0

0

50.58

0

Faeroe Islands

0

0

226.58

0

the Fiji Islands

0

0

0.9

0

Philippines

0.3

0

1,538.65

0.02

Falkland Islands

0.00

0.00

109.8

0.00

Chad

13.5

0

0.95

0

Chile

0

0

1,935.85

0.03

Switzerland

97,740.95

1.2

40,753.30

0.66

Sri-Lanka

0

0

38,637.46

0.63

Central African Republic

0

0

3.94

0

Ecuador

0

0

15,628.01

0.25

Eritrea

0

0

0.21

0

Ethiopia

0

0

384.43

0.01

South African Republic

1.09

0

6,776.24

0.,11

Jamaica

0

0

4,450.95

0.07

Japan

2,067.15

0.03

91,370.51

1.48

Others

1,106.46

0.01

9.64

0

CIS countries, total:

715,303.96

7.90

1.854

1,854,061.31

Belarus

12,901.10

0.14

100,244.45

1.44

Kazakhstan

27,454.,12

0.30

88,044.11

1.27

Kyrgyzstan

439.45

0.00

662.24

0.01

Moldova

118.46

0.00

4,167.91

0.06

Uzbekistan

2,499.35

0.03

17,857.05

0.26

Russia

452,075.73

4.99

1,204,472.21

17.31

Tajikistan

1,479.57

0.02

32.89

0.00

Turkmenistan

47,795.71

0.53

79,424.53

1.14

Ukraine

170,540.48

1.88

359,155.92

5.16

source: Azerbaijani state customs committee

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Kazakhstan discusses measures to improve national economy with UNDP
SOCAR’s proven oil reserves down y-o-y
Azerbaijan creates service post, appoints inspectors in liberated Sugovushan, Talish villages (PHOTO)
Azerbaijan to solemnly celebrate Victory Day every year on Nov. 8
Lari exchange rate and pandemic impact electricity tariffs in Georgia
Turkey's export to Turkic-speaking countries up
Expenses on construction of enterprises decline in Iran’s Qazvin province
Iran plans changes to law for citizens paying tax upon leaving country
Food products jump in price in Kazakhstan in Nov. 2020
Azerbaijan shows video footages from Husulu, Malibey villages of Lachin district (VIDEO)
Iran’s Wagon Pars Company discloses number of manufactured wagons
Azerbaijan records growth in life insurance market
Global Gas Centre can help promote Turkmen gas in Central Asia, Europe
Export of major Azerbaijani non-oil companies down
Turkey records decline in exports of locally-made cars to Russia
State share in number of Uzbekistan’s markets, shopping complexes to be sold to private traders
Georgia sees increase in COVID-19 cases
Geostat reveals inflation rate in Georgia
Azerbaijani companies raise paid insurance claims in 10M2020
Turkish president to visit Azerbaijan
Gold price in Azerbaijan continues to rise
Azerbaijani Defense Minister meets with commander of Russian peacekeeping forces deployed in Karabakh region
Restrictive measures related to coronavirus extended in Turkmenistan
Iran's trade turnover with countries around Persian Gulf announced
Kazakhstan, Hungary trade surges despite COVID-19 pandemic
Turkmenistan, Iran open border crossing in test mode
Daimler proposes ex-BMW and VW executive Pischetsrieder as chairman
Volume of non-life insurance market in Azerbaijan increases
Uzbekistan to continue support of hospitality sector
Iran's parliament discuses idea of withdrawal from Non-Proliferation Treaty
Khankandi city belongs to jurisdiction of Karabakh Regional Justice Department - ministry
Value of Iran’s exports to Russia increases
Iran reveals its trade turnover with Azerbaijan
AccessBank has been named "Bank of the Year" by “The Banker” magazine
Georgia increases pomegranate cultivation
Azerbaijan’s natural gas imports over last two decades
Kazakhstan details second package of measures adopted amid economic crisis
Iranian currency rates for December 3
Azerbaijani oil prices up
Azerbaijan's legal framework for accounting, audit to be improved - chamber head
USAID supporting Uzbekistan to integrate renewable energy into regional trade
Thales Group ready to work on automation, security of railways in Azerbaijan's liberated lands
Nestle to invest 3.2 billion Sfr to cut carbon emissions
Kazakhstan’s gold producer increases its share in KAZAKHALTYN Concern
Baku Higher Oil School continues to successfully implement Dual Diploma MBA program of Geneva Business School (PHOTO)
Azerbaijan starts providing gas supply to liberated territories (VIDEO)
Turkmenistan signs number of new documents in agro-industrial sector
Iran increases exports to Kazakhstan despite COVID-19
Dynamics of Azerbaijan’s natural gas exports since 2010
Russia’s PENOPLEX updates on plant construction project in Azerbaijan
World’s Top 10 gas exporters in Eni’s estimates
Turkmenistan, UNDP agree on mutual understanding on co-op
Most loans for Azerbaijan's energy sector issued in foreign currency - CBA
Eni’s review on Azerbaijan’s natural gas consumption
Fitch Ratings says Azerbaijani banks' state in CIS more stable
Kazakhstan's coal extracting venture opens tender to buy spares
Azerbaijan reduces steel exports from Turkey
Azerbaijan's AzStateNet network records less blocked malware attacks
Kazakhstan revises maximum recommended rates on deposits
Azerbaijani currency rates for Dec. 3
Azerbaijan presents footage from Lachin city (VIDEO)
Oil drops as OPEC+ resume talks on output cut extension after impasse
World natural gas consumption rises year-on-year
Uzbekistan reveals its COVID-19 data for December 3
Enterprise for production of reinforced concrete launched in Turkmenistan
Removing zeros from Iran's national currency effective if inflation stable - bank advisor
U.S. states plan to sue Facebook next week
Iran's budget dependence on oil to be increased
COVID-19 restrictions notably reduce number of tourists visiting Azerbaijan
Azerbaijan's export of satellite services up
Azerbaijani FM meets newly appointed Afghan ambassador (PHOTO)
OPEC+ resumes talks on 2021 oil policy amid disagreements
U.S. COVID-19 hospitalizations hit record 100,226
Iran to produce coronavirus vaccines in spring
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