BAKU, Azerbaijan, September 16. Azerbaijan's trade turnover with CIS countries from January through August 2024 exceeded $4.20 billion, and its share in the total foreign trade turnover amounted to 13.58 percent, Trend reports.
The trade turnover of Azerbaijan with CIS countries decreased by 1.22 percent or $52.1 million, year-on-year in the reporting period of 2024.
However, in the same period last year, Azerbaijan's trade turnover with CIS countries was $ 4.26 billion.
The table of Azerbaijan's trade turnover with CIS countries based on the data of the State Customs Committee:
| January-August 2024 | ||||
| Country | Export ($) | Specific weight | Import ($) | Specific weight |
| Belarus | $29.5 million | 2,66 percent | $274 million | 8,84 percent |
| Kazakhstan | $68.5 million | 6,18 percent | $103.45 million | 3,34 percent |
| Kyrgyzstan | $24.1 million | 2,17 percent | $5.73 million | 0,18 percent |
| Moldova | $3.08 million | 0,28 percent | $3.58 million | 0,12 percent |
| Uzbekistan | $22.45 million | 2,02 percent | $112.92 million | 3,64 percent |
| Russia | $767.4 million | 69,20 percent | $2.18 billion | 70,30 percent |
| Tajikistan | $3.40 million | 0,31 percent | $552.9 thousand | 0,02 percent |
| Turkmenistan | $62.71 million | 5,65 percent |
$233.32 million
|
7,52 percent |
| Ukraine | $127.68 million | 11,51 percent | $187.37 million | 6,04 percent |
| Total | $1.11 billion | 100,00 percent | $3.10 billion | 100,00 percent |
Furthermore, Azerbaijan's foreign trade turnover from January through August 2024 decreased by 12.7 percent or $4.50 billion, compared to the same period of 2023 (from $35.5 billion to $30.9 billion).
In the structure of foreign trade turnover, exports accounted for $18.2 billion, down $6.12 billion or 25.14 percent from the same period last year. The share of exports in the foreign trade turnover amounted to 58.82 percent against 68.59 percent a year earlier.
Azerbaijan's imports in the reporting period increased on an annualized basis by $1.61 million, or 14.47 percent - from $11.1 billion to about $12.7 billion. The share of imports in the foreign trade turnover amounted to 41.18 percent against 31.41 percent a year earlier.
To note, the foreign trade balance, while remaining positive during the reporting period, declined year-on-year by more than $7.73 billion or 58.59 percent, to $5.46 billion compared to $13.2 billion in the 2023 reporting period.