BAKU, Azerbaijan, March 17. The names of the countries with which Azerbaijan conducted the majority of trade operations from January through February of this year have been revealed.
Data obtained by Trend from the State Customs Committee shows that during the reporting period, Italy ranked first among such countries.
During this period, the trade turnover between Azerbaijan and Italy amounted to $2.3 billion, which is an increase of $450.1 million, or 24.6 percent, compared to the same period last year. Trade operations with Italy accounted for 25.59 percent of Azerbaijan's total trade turnover.
Türkiye ranked second on the list of countries with which Azerbaijan conducted the most trade operations. As of February 1 of this year, the trade turnover between Azerbaijan and Türkiye amounted to $1 billion, which represents an increase of $25 million, or 2.5 percent, compared to the previous year.
The volume of foreign trade turnover of Azerbaijan for the reporting period amounted to $8.9 billion. This figure is $1.7 billion or 23.2 percent more than in the same period last year. The volume of Azerbaijan's foreign trade turnover from January through February of last year amounted to $7.2 billion.
Of the trade turnover, exports accounted for $4.8 billion and imports $4.1 billion which is $13 million (0.3 percent) less and $1.7 billion (69.2 percent) more than a year ago.
The foreign trade surplus amounted to $628 million, which is $1.7 billion or 3.7 times less than a year ago.