...

Azerbaijan discloses data on five-month export operations with major partners

Business Materials 18 June 2020 11:32 (UTC +04:00)
Azerbaijan discloses data on five-month export operations with major partners

BAKU, Azerbaijan, June 18

By Eldar Janashvili – Trend:

Azerbaijan’s export with five major trading partners amounted to $4.5 billion from January through May 2020, and made up 65.3 percent of the country's total export, Trend reports citing the report of the State Customs Committee (SCC).

Meanwhile, Italy has retained the status of the largest importer of Azerbaijani products by increasing the volume of exports from Azerbaijan to $2.4 billion with a specific share of 34.84 percent. Italy is followed by Turkey - $1.2 billion (17.92 percent), which increased exports by a quarter over the past month, Israel - $311.2 million (4.46 percent), India - $284.8 million (4.1 percent) and Russia - $278.9 million (4 percent).

Comparative table of TOP-5 trade partners of Azerbaijan:

Jan. – May. 2020

Jan. – May. 2019

Countries

Trade turnover

Specific share

(in percent)

Countries

Trade turnover

Specific share

(in percent)

Italy

$2.4 billion

34.84

Italy

$2.5 billion

29.68

Turkey

$1.2 billion

17.92

Turkey

$982.6 million

11.41

Israel

$311.1 million

4.46

China

$602.9 million

7

India

$284.8 million

4.09

India

$479.1 million

5.56

Russia

$278.8 million

4

Germany

$448.3 million

5.2

In general, Azerbaijan’s exports decreased by 19.1 percent over the reporting period compared to the same period of 2019 and amounted to $6.9 billion.

---

Follow the author on Twitter: @eldarjanashvili

Tags:
Latest

Latest