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Azerbaijan's foreign trade share of counter services exceeds 22 percent

Business Materials 13 September 2013 18:06 (UTC +04:00)

Azerbaijan, Baku, Sept. 13 / Trend, A. Akhundov /

From January-June 2013, counter services hold one of the leading positions in Azerbaijan's foreign trade relations totaling $6.1 billion, the balance of payments posted on the website of the Central Bank of Azerbaijan (CBA) said today.

According to the balance sheet, services worth $4.1 billion were rendered by non-residents to residents of Azerbaijan. Azerbaijani residents rendered services worth $2 billion to residents of foreign countries.

Some 13.8 percent in the balance of counter services fall to transport services. In total, these services were rendered to the amount of $842.2 million. Around 57.4 percent fall to the use of transport systems of foreign countries by Azerbaijani residents. The cost of transportation services rendered by Azerbaijani residents to non-residents amounted to $358.5 million.

During January-June 2013, the cost of tourist services rendered to foreigners visiting Azerbaijan totaled $1.2 billion. Some 38.5 percent of these services are rendered to non-residents visiting Azerbaijan on business trips.

Tourism services rendered to Azerbaijani residents by foreign countries increased by 14.7 percent to $1.4 billion compared to January-June 2012. Some 62.1 per cent of expenditures fell to personal services.

In January-June 2013, the share of counter services in the total volume of Azerbaijan's export-import operations with foreign countries amounted to 22.4 percent.

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