BAKU, Azerbaijan, Jan. 28
By Sadraddin Aghjayev - Trend:
Azerbaijan's foreign trade turnover notably grew in 2021, Trend reports citing a report from the State Customs Committee.
According to the committee, this figure amounted to $33.9 billion, up by $9.4 billion (38.5 percent) compared to 2020 ($24.4 billion).
In the structure of foreign trade turnover, $22.2 billion accounted for export, which is $8.4 billion (61.6 percent) more than in 2020.
The share of export in foreign trade turnover in 2021 reached 65.48 percent compared to 56.15 percent a year earlier.
Azerbaijan's import volume increased on annual basis by $975 million or over nine percent from $10.73 billion to $11.7 billion in 2021.
The share of import in foreign trade turnover reached 34.52 percent compared to 43.85 percent in 2020.
As a result, while remaining positive, the foreign trade balance increased on annual basis by nearly $7.5 billion or almost 2.5 times to over $10.5 billion in 2021 compared to $3 billion in 2020.
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