BAKU, Azerbaijan, July 26. Azerbaijan's trade turnover with CIS countries from January through June 2024 exceeded $3 billion, and its share in the total foreign trade turnover amounted to 14.23 percent, Trend reports.
The trade turnover of Azerbaijan with CIS countries decreased by 6.14 percent or $202.7 million year-on-year in the reporting period of 2024.
However, in the same period last year, Azerbaijan's trade turnover with CIS countries amounted to $3.3 billion.
The table of Azerbaijan's trade turnover with CIS countries based on the data of the State Customs Committee:
| January-June 2024 | ||||
| Country | Export ($) | Specific weight | Import ($) | Specific weight |
| Belarus | $21.4 million | 2,69 percent | $181.5 million | 7,89 percent |
| Kazakhstan | $26.9 million | 3,37 percent | $91.7 million | 3,99 percent |
| Kyrgyzstan | $22.7 million | 2,84 percent | $4.9 million | 0,21 percent |
| Moldova | $2.2 million | 0,28 percent | $2.6 million | 0,11 percent |
| Uzbekistan | $13.9 million | 1,75 percent | $77 million | 3,35 percent |
| Russia | $556.5 million | 69,60 percent | $1.6 billion | 70,07 percent |
| Tajikistan | $2.5 million | 0,31 percent | $429.7 million | 0,02 percent |
| Turkmenistan | $48 million | 6,00 percent | $185.6 million | 8,07 percent |
| Ukraine | $105.2 million | 13,16 percent | $144.6 million | 6,29 percent |
| Total | $799.6 million | 100,00 percent | $2.2 billion | 100,00 percent |
Furthermore, Azerbaijan's foreign trade turnover from January through June 2024 decreased by 16.81 percent or $4.3 billion compared to the same period of 2023 (from $26.1 billion to $21.7 billion).
In the structure of foreign trade turnover, exports accounted for $12.9 billion, down $5 billion or 28.2 percent from the same period last year. The share of exports in the foreign trade turnover amounted to 59.27 percent against 68.67 percent a year earlier.
Azerbaijan's imports in the reporting period increased on an annualized basis by $668.7 million, or 8.16 percent - from $8.1 billion to about $8.8 billion. The share of imports in the foreign trade turnover amounted to 40.73 percent against 31.33 percent a year earlier.
To note, the foreign trade balance, while remaining positive during the reporting period, declined year-on-year by more than $5.7 billion or 58.71 percent to $4 billion compared to $9.7 billion in the 2023 reporting period.
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