Foreign trade

In January to October 2006 the foreign trade turnover with 136 countries comprised $9.42bn.

The volume of export grew 40.74% as compared to last year and comprised $5.21bln, while import rose 19.69% and comprised $4.21bln. The foreign trade ended in a balance 999.9 in black.

In this period the highest rate of export fell on September $1189.3m, while the lowest on January - $236.6m. As to import operations, the highest figure was fixed in August - $737.9mln, while the lowest ratio in January - $253.2m

In January to October the humanitarian assistance rendered by the government and international organizations to Azerbaijan without interests through state and governmental lines, as well as international organizations comprised 20.31 tons. The technical assistance to the country amounted to $32.45mln.

Over 10 months of 2006 export of al goods rose, except animals and vegetable oil.

Structure of export in January to October 2006

Product

Special weight in export, in %

As compared to 2005, in%

Crude oil

59,69

158,12

Oil products

24,8

147,89

Ferrous and non-ferrous metal and wares of them

0,93

124,46

Alcohol and alcohol-free spirits

0,27

203,6

Chemical products

3,11

155,46

Cotton

0,63

116,24

Tobacco and tobacco products

0,35

115,61

Precious metals

1,16

140,64

Fruits and vegetables

1,79

84,04

Fat and vegetable oil

0,95

83,44

Others

6,32

Source: State Customs Committee

In this period the highest amount of export fell on Italy with the total amount of good worth $2,412,77mln, which comprises 46.31% of all export. It is followed by Israel ($522.16m) and Turkey ($312.67).

The share of public sector in export operations made up $3042.01mln (58.38%), private sector held $2105.19 (40.4%). The share of export operations by physical entities comprised $63.1 (1.21%).

Considerable rise was observed in the import of almost all products, excluding consumer products and furniture.

Structure of import in January to October 2006, in %

Product

Special weight in import, in %

As compared to 2005, %

Foodstuff

7,67

112,61

Oil gas and other gas-like hydrocarbons

9,22

163,71

Consumer goods

1,10

83,27

Machines and equipment

30,99

109,46

Transport conveyances and spare parts to them

15,47

194,76

Ferrous meta and wares of them

9,25

111,47

Furniture

0,48

82,84

Woods

1,08

110,89

Pharmaceutical products

0,95

176,25

Other

23,8

Source: State Customs Committee

The traditional domination of three countries in import underwent some changes: Russia ($908.99mln), UK ($385.62mln) and Germany ($319.97).

The share of public sector in import operations made up $1228.7mln (29.18%), while private sector held $2,754mln (65.43%). The share of export operations by physical entities comprised $226.69mln (5.38%)

In January to October 2006 Azerbaijan imported $1,664,97mln worth product from the CIS, which is 39.54% of the entire import. At the same time Azerbaijan exported goods worth for $720.08mln. The import-export operations with CIS countries ended in a balance with $944.89mln red.

Export to the CIS countries were comprised of export fuel, oil products, chemical substances, ship, animals and vegetable oil, while Azerbaijan imported from CIS mainly equipment, and transport conveyances, grains, electric appliances, different devices.

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