Azerbaijan’s Commodities Turnover Decreases

The reduction has a negative impact on the trading operations.

According to Turan New Agency, since the beginning of 2014 Azerbaijan had a foreign trade turnover of $9.9 billion with 122 countries. This is 14.4% less compared to the same time period of time last year. Azerbaijan has reduced the export of hydrocarbon, black metal and supply of vehicles. This has negatively affected trading operations.

State Customs Committee reported decline in Azerbaijan’s commodity export by 15 percent ($7156,1 million). Decline in crude oil exports was 12,6 percent ($6148,5 million), in oil exports 20,3 percent ($328,3 million) and in gas exports 51,8 percent ($175,8 million). Since the beginning of the year, the share of oil and gas exports made 92,97 percent.

In January-April goods worth of $2,734 billion were imported. This is 13 percent less compared to the same period of time last year.

Import of ferrous metal ($265,4 million) and transportation equipment ($252,8 million) has decreased by 36,3 percent and 26 percent respectively. In terms of monetary value, the food imports ($339,4 million) have increased by 6,9 percent.

Import portfolio primarily consisted of investment related goods (machinery, equipment, electrical appliances, etc.) $893,7 million or 32,6 percent.

The positive foreign trade balance was $4421 million.

Ana səhifəNewsAzerbaijan’s Commodities Turnover Decreases