BAKU, Azerbaijan, December 16. The majority of settlements in Azerbaijan's trade turnover from January through November 2022 were made in freely convertible currency, Trend reports via the State Customs Committee.
According to the committee, the settlements in freely convertible currency on export transactions increased by $5.1 billion (47.07 percent) year-on-year - from $10.9 billion to $16.16 billion (44.47 percent of all types of export settlements).
The settlements in freely convertible currency on import transactions increased by $2.36 billion (26.98 percent), exceeding $11.1 billion (86.45 percent of all types of import settlements) against $8.7 billion in 2021.
As of the beginning of December, settlements in manat for Azerbaijan's export operations increased from $39.4 million to $121.7 million (by 3.08 times) year-on-year. In import operations, this indicator has decreased by 25.49 percent over the year to $36.4 million, compared with $48.9 million in 2021.
The number of other export transactions increased by $11.2 billion (2.28 times) - to $20 billion ($8.7 billion for the same period last year). The share of other export transactions amounted to 55.07 percent of all types of settlements, compared to 42.57 percent from January through November 2021.
For import operations in this category, a decline of $268.04 million (32.55 percent) was recorded – from $823.5 million to $555.4 million. The share of such transactions in all types of import settlements amounted to 5.33 percent.
Exports in Azerbaijan's foreign trade turnover from January through November 2022 amounted to $36.3 billion, and imports – $12.8 billion.