ASTANA, Kazakhstan, July 15. The volume of trade turnover between Kazakhstan and Azerbaijan amounted to $234 million from January through May 2024, Trend reports.
Data from the country's Bureau of National Statistics shows that this is 4 percent less than in the same period in 2023 ($243.7 million).
At the same time, exports to Azerbaijan dominated trade turnover, at $213.8 million, or 3.2 percent more year-on-year ($207.2 million).
Moreover, imports from Azerbaijan fell by 45 percent during the aforementioned period, totaling $20.1 million. From January through May 2023, imports totaled $36.5 million.
Meanwhile, trade turnover between Kazakhstan and Azerbaijan reached $529.4 million in 2023. The volume of trade turnover increased by 14.2 percent from the same time in 2022 ($463.3 million).
At the same time, in terms of trade turnover, exports to Azerbaijan totaled $456.3 million over the aforementioned period, which is 21.6 percent higher than from January through December 2022.
In addition, imports from Azerbaijan experienced a 17.3 percent decline from January through December 2023, reaching a total of $73 million. In 2022, imports amounted to $88.3 million.