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Azerbaijan multiplies trade turnover volume with Portugal

Economy Materials 5 December 2024 18:35 (UTC +04:00)
Azerbaijan multiplies trade turnover volume with Portugal
Sadig Javadov
Sadig Javadov
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BAKU, Azerbaijan, December 5. The volume of trade operations between Azerbaijan and Portugal from January through October of this year grew to $643.9 million.

The data obtained by Trend from the country's State Customs Committee shows that this figure rose by $390.3 million (153.9 percent) compared to the same period last year.

Meanwhile, trade turnover with Portugal amounted to 1.64 percent of Azerbaijan's total trade turnover during the reporting period.

Azerbaijan exported $631.29 million worth of products to Portugal in 10 months of this year, which is $388.6 million (2.6 times) more year on year. During the mentioned period, Portugal accounted for 2.78 percent of Azerbaijan's total exports.

Besides, the country increased imports of products from Portugal in 10 months of this year by 15.6 percent compared to last year, up to $12.6 million. During this period, import operations with Portugal amounted to 0.08 percent of Azerbaijan's total imports.

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