BAKU, Azerbaijan, April 18. Azerbaijan's trade turnover with CIS countries exceeded $1.33 billion from January through March 2024, and its share of overall international trade turnover amounted to 13.73 percent, Trend reports.
In the reporting period, Azerbaijan's trade turnover with CIS countries decreased by 17.69 percent, or $286.3 million, compared to the same period in 2023 ($1.6 billion).
The below table reflects indicators of Azerbaijan's trade turnover with the CIS countries based on the data of the Azerbaijani State Customs Committee:
|
January-March 2024 |
||||
|
Country |
Exports |
Share (%) |
Imports |
Share (%) |
|
Belarus |
$9.56 million |
2.93 |
$94.9 million |
9.44 |
|
Kazakhstan |
$11.94 million |
3.66 |
$58.88 million |
5.85 |
|
Kyrgyzstan |
$20.8 million |
6.38 |
$2.56 million |
0.26 |
|
Moldova |
$742,370 |
0.23 |
$962,780 |
0.10 |
|
Uzbekistan |
$5.89 million |
1.81 |
$29.9 million |
2.98 |
|
Russia |
$228.96 million |
70.19 |
$661.77 million |
65.79 |
|
Tajikistan |
$1.15 million |
0.35 |
$292,380 |
0.03 |
|
Turkmenistan |
$16.99 million |
5.21 |
$79.93 million |
7.95 |
|
Ukraine |
$30.14 million |
9.24 |
$76.57 million |
7.61 |
|
Total |
$326.2 million |
100 |
$1.005 billion |
100 |
Exports accounted for $5.98 billion in the structure of foreign trade turnover, which is $1.75 billion, or 22.7 percent less than in the same period last year. The share of exports in the foreign trade turnover amounted to 61.72 percent, up from 65.77 percent a year earlier.
Azerbaijan's imports in the reporting period decreased year-on-year by $318.229 million, or 7.9 percent, from $4.029 billion to about $3.711 billion. The share of imports in the foreign trade turnover amounted to 38.28 percent, up from 34.23 percent a year earlier.
As a result, the balance of foreign trade turnover, while remaining positive during the review period, declined year-on-year by over $1.438 billion, or 38.77 percent, to $2.272 billion from $3.711 billion in the 2023 review period.
