BAKU, Azerbaijan, Nov. 16
By Anastasia Savchenko - Trend:
Azerbaijan’s trade turnover with its five main trade partners amounted to $14.5 billion from January through October 2019 or 51.3 percent of its total trade turnover, Trend reports referring to Azerbaijan’s State Customs Committee.
Italy retained the status of Azerbaijan’s biggest trading partner with a turnover of $5.2 billion and a share of 18.5 percent. Italy is followed by Turkey - $3.6 billion (12.8 percent), Russia - $2.4 billion (8.6 percent), China - $1.7 billion (6.3 percent) and Germany - $1.3 billion (4.9 percent).
Comparative table of Azerbaijan's TOP-5 trade partners:
|
Countries |
from January through October 2019 |
from January through October 2018 |
||
|
Trade turnover ($1,000) |
Share (%) |
Trade turnover ($1,000) |
Share (%) |
|
|
Italy |
5.2 billion |
18.54 |
4.7 billion |
18.64 |
|
Turkey |
3.6 billion |
12.88 |
2.7 billion |
11.06 |
|
Russia |
2.4 billion |
8.63 |
1.9 billion |
7.90 |
|
China |
1.7 billion |
6.33 |
984.5 million |
3.90 |
|
Germany |
1.3 billion |
4.94 |
1.2 billion |
4.80 |
During the reporting period, Azerbaijan bought most of the products worth almost $1.8 billion (16.3 percent) from Russia. It is followed by Switzerland - $1.3 billion (11.5 percent), Turkey - $1.2 billion (10.6 percent), China - $1.1 billion (9.4 percent) and the US - $688.9 million (6 percent).
The share of these countries in Azerbaijan’s total import was 54 percent.
Italy was again the main importer of Azerbaijani products during the reporting period. Some $4.9 billion (29.3 percent) of Azerbaijan’s total export accounted for Italy. It is followed by Turkey - $2.3 billion (13.7 percent), Israel – almost $1.2 billion (6.8 percent), India - $955.2 million (5.6 percent) and Germany - $816.3 million (4.8 percent).
The share of these countries in Azerbaijan’s total export was almost 61 percent.
In general, Azerbaijan’s foreign trade operations increased by 12.3 percent and amounted to $28.3 billion from January through October 2019 compared to the same period of 2018.
The positive balance amounted to $5.4 billion from January through October 2019, which is 24 percent less compared to the same period of last year ($6.7 billion).
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