BAKU, Azerbaijan, January 26. Azerbaijan's trade turnover with the CIS (Commonwealth of Independent States) countries exceeded $6 billion in 2022, while its share in the overall Azerbaijani foreign trade turnover reached 11.48 percent, Trend reports citing the State Customs Committee's bulletin.
|
Azerbaijan's trade turnover with CIS (2022): |
||||
|
Country |
Exports |
Share (%) |
Imports |
Share (%) |
|
Belarus |
$96.86 million |
5.92 |
$266.7 million |
6.04 |
|
Kazakhstan |
$104 million |
6.36 |
$494.4 million |
11.2 |
|
Kyrgyzstan |
$4.7 million |
0.29 |
$6.07 million |
0.14 |
|
Moldova |
$18.6 million |
1.14 |
$5.2 million |
0.12 |
|
Uzbekistan |
$46.4 million |
2.84 |
$136.8 million |
3.1 |
|
Russia |
$975.4 million |
59.64 |
$2.7 billion |
61.96 |
|
Tajikistan |
$5.8 million |
0.36 |
$138,000 |
- |
|
Turkmenistan |
$25.6 million |
1.57 |
$509.7 million |
11.55 |
|
Ukraine |
$357.9 million |
21.89 |
$259.8 million |
5.89 |
|
Total |
$1.6 billion |
100 |
$4.4 billion |
100 |
According to the bulletin, Azerbaijan's trade turnover with CIS countries increased by $1.3 billion (28.23 percent) compared to 2021. The share of these countries in Azerbaijan's total import and export operations decreased by 2.43 percentage points (against 13.91 percent in 2021), making up 11.48 percent.
In 2021, Azerbaijan's trade with the CIS countries amounted to $4.7 billion, which was increase of 14.8 percent compared to 2020. Exports from Azerbaijan grew by 37.1 percent, to $1.79 billion, while imports - by 4.5 percent, to $2.9 billion.
Azerbaijan's foreign trade turnover in 2022 totaled $52.6 billion, up by $18.7 billion (55.36 percent) on annual basis.
Out of the total value, $38.1 billion accounted for exports, which is $15.94 billion (71.8 percent) more than in 2021. The share of exports in the foreign trade turnover made up 72.4 percent against 65.48 percent a year earlier.
Azerbaijan's import last year increased by $2.8 billion (24.21 percent) from $11.7 billion to $14.54 billion compared to 2021. The share of imports in foreign trade turnover amounted to 27.6 percent against 34.52 percent a year earlier.
As a result, the balance of foreign trade turnover, remaining positive, grew over the year by more than $13.1 billion (2.2 times) to $23.6 billion against $10.5 billion in 2021.
