ASTANA, Kazakhstan, September 15. Trade turnover between Azerbaijan and Kazakhstan amounted to $256.7 million from January through August 2023 (almost 6.02 percent of the total Azerbaijani foreign trade turnover with the CIS countries), Trend reports.
The data of the State Customs Committee of Azerbaijan shows that Kazakhstan’s share in the total trade turnover of Azerbaijan in the reporting period of 2023 amounted to almost 0.72 percent.
Kazakh imports from Azerbaijan from January through August 2023 amounted to $75 million, which is 72 percent more than the same period in 2022 ($43.6 million).
Exports to Azerbaijan in the reporting period of 2023 amounted to $181.6 million, which is 44 percent less than the same period in 2022 ($325.9 million).
Azerbaijan's foreign trade turnover grew by 1.12 percent, or $392.1 million, from January through August 2023 year-on-year, from $35.1 billion to $35.5 billion.
Exports accounted for $24.3 billion in the structure of foreign trade turnover, which is $1.89 billion or 7.2 percent less year-on-year. The share of exports in the foreign trade turnover amounted to 68.59 percent, compared to 74.74 percent a year earlier.
Azerbaijan's imports in the reporting period increased by $2.2 billion, or 25.73 percent, year-on-year from $8.8 billion to about $11.1 billion. The share of imports in the foreign trade turnover amounted to 31.41 percent, compared to 25.26 percent a year earlier.
As a result, the balance of foreign trade turnover, while remaining positive during the review period, declined year-on-year by over $4.1 billion, or 24.01 percent, to $13.2 billion against $17.3 billion in the 2022 review period.