Baku, Azerbaijan, March 25
By Abbas Akhundov - Trend:
Mutually provided services hold one of the leading positions in Azerbaijan's foreign trade relations totaling $12.4 billion in 2013, the balance of payments posted on the website of the Central Bank of Azerbaijan (CBA) said.
Services worth $8.3 billion were rendered by non-residents to residents of Azerbaijan, according to the balance of payments. Azerbaijani residents rendered services worth $4.1 billion to residents of foreign countries.
Some 14.4 percent in the balance of mutually provided services fall to transport services.
In total, the rendered transport services cost $1.798 billion. Around 54.6 percent fell 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 $815.4 million.
The specific weight of mutually provided services in the total volume of Azerbaijan's export-import operations with foreign countries amounted to 22.5 percent in 2013.
The cost of tourist services rendered to foreigners visiting Azerbaijan totaled $2.4 billion in 2013. Some 36.6 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 16.1 percent and amounted to $2.9 billion compared to 2012. Some 62.3 percent of expenditures fell to personal services.
Translated by L.Z.
Edited by C.N.
