BAKU, Azerbaijan, June 19. Azerbaijan's foreign trade turnover increased by $2.4 billion (11.68 percent) from January through May 2023 compared to the same period of 2022, from $20.5 billion to $22.95 billion, Trend reports.
According to the State Customs Committee, out of the total foreign trade turnover, exports accounted for $16.1 billion, which is $697.8 million (4.53 percent) more than the same period last year. The share of exports in the foreign trade turnover totaled 70.2 percent against 75.01 percent a year earlier.
Azerbaijan's imports in the first five months of this year increased by $1.7 billion (33.16 percent), from $5.1 billion to about $6.8 billion. The share of imports in foreign trade turnover amounted to 29.79 percent against 24.9 percent a year earlier.
As a result, in the reporting period, the balance of foreign trade turnover, remaining positive, decreased by more than $1 billion (9.78 percent) on an annual basis, to $9.27 billion against $10.28 billion in the same period of the previous year.
In 2022, Azerbaijan's foreign trade turnover totaled $52.6 billion, growing by $18.7 billion (55.36 percent) on an annual basis.
