BAKU, Azerbaijan, February 15. The trade turnover of Azerbaijan with European countries exceeded $1.4 billion in January 2023, while the share of these countries in Azerbaijan’s total foreign trade turnover accounted for 43.1 percent, Trend reports citing the Azerbaijani State Customs Committee.
Trade turnover between Azerbaijan and European countries:
|
January 2023 |
||||
|
Country |
Export ($) |
Share (percent) |
Import ($) |
Share (percent) |
|
Germany |
95.05 million |
9.18 |
65.6 million |
17.14 |
|
Austria |
52.5 million |
5.08 |
5.3 million |
1.39 |
|
Belgium |
67.460 |
0.01 |
7.5 million |
1.98 |
|
Bulgaria |
1.7 million |
0.17 |
2.4 million |
0.65 |
|
Czech Republic |
80.7 million |
7.80 |
8.2 million |
2.14 |
|
Denmark |
0.00 |
0.00 |
2.1 million |
0.56 |
|
Estonia |
71.370 |
0.01 |
366.050 |
0.10 |
|
Finland |
19.800 |
0.00 |
1.7 million |
0.47 |
|
France |
1.2 million |
0.12 |
185.07 million |
48.35 |
|
Croatia |
8.690 |
0.00 |
157.420 |
0.04 |
|
Ireland |
55.3 million |
5.35 |
1.8 million |
0.48 |
|
Spain |
18.5 million |
1.80 |
5.5 million |
1.46 |
|
Sweden |
125.400 |
0.01 |
4.03 million |
1.06 |
|
Italy |
604.8 million |
58.43 |
47.7 million |
12.49 |
|
Cyprus |
4.6 million |
0.45 |
72.270 |
0.02 |
|
Latvia |
801.210 |
0.08 |
1.5 million |
0.40 |
|
Lithuania |
28.720 |
0.00 |
2.02 million |
0.53 |
|
Luxemburg |
32.170 |
0.00 |
324.500 |
0.08 |
|
Hungary |
80.130 |
0.01 |
2.9 million |
0.77 |
|
Malta |
327.210 |
0.03 |
480 |
0.00 |
|
Netherlands |
41.1 million |
0.40 |
9.1 million |
2.40 |
|
Poland |
2.2 million |
0.22 |
13.2 million |
3.47 |
|
Portugal |
0.00 |
0.00 |
980.710 |
0.26 |
|
Romania |
57.2 million |
5.53 |
3.2 million |
0.85 |
|
Slovakia |
250 |
0.00 |
6.05 million |
1.58 |
|
Slovenia |
1.3 million |
0.13 |
3.4 million |
0.90 |
|
Greece |
53.8 million |
5.20 |
1.6 million |
0.44 |
|
Total |
1.03 billion |
100 |
382.7 million |
100 |
In January 2023, Azerbaijan's trade turnover with European countries decreased by 34.53 percent, or by $747.875 million year-on-year.
Azerbaijan's foreign trade turnover decreased by 19 percent, or $772 million, in January 2023 compared to the same month in 2022, from $4.061 billion to $3.289 billion.
According to the committee, in the structure of foreign trade turnover, exports accounted for $1.877 billion, which is $1.21 billion, or 1.64 times less than in the same month of 2022. The share of exports in foreign trade turnover was 57.06 percent, against 76 percent a year earlier.
Azerbaijan's imports in the reporting month increased by $437.83 million, or 44.9 percent on an annual basis, from $974.86 million to over $1.412 billion. The share of imports in foreign trade turnover amounted to 42.94 percent, against 24 percent a year earlier.
As a result, during the reporting month, the balance of foreign trade turnover, while remaining positive, decreased year-on-year by more than $1.648 billion, or 3.5 times, to $464 million against $2.112 billion in January 2022.
