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 |