PremiumForeign trade of Azerbaijan (January 2011)

In January 2011, Azerbaijan's foreign trade turnover with 94 countries comprised $2165.8 million. The amount of export increased by 10.14% as compared to last year and comprised $1572.8mln, while import increased 62.91%, totaling $593mln. Azerbaijan exported 481 types of goods and imported 2,903. During the reported period, the indicator of export exceeded the indicator of import and thus, the black ink of import-export operations amounted to $979.8mln.

Like previous years, the main item of Azerbaijan's export was oil and oil products.

Exports of crude oil and petroleum products, natural gas and electricity in January 2011

Source: State Statistics Committee

The largest volume of export in January 2011 accounted for the Far East. In January 2011, this indicator totaled $1445.2 million. Azerbaijan exported goods amounting to $127.6mln (8.1% out of the total volume of the country's export) to the CIS countries. Azerbaijan exported to CIS fuel, oil products, bitumen minerals, fruits, animal and vegetable oil and other.

In January 2011, Azerbaijan imported goods amounting to $194.94mln (32.9% out of the total volume of the country's import) from the CIS countries. CIS exported to Azerbaijan grains, ferrous metal, equipment and mechanical rigs.

Thus, the black ink of import-export operations with CIS countries amounted to $67.34mln.

The share of public sector in exports made up $1499.2mln (95.3%), private sector held $66.2mln (4.2%). The share of export operations by physical entities comprised $4.7mln (0.5%).

In the import operations, 33.4 percent or $198.4 million accounted for the public sector, 61.7 percent or $365.8 million - private and 4.9 percent or $28.8 million - the share of individuals.

In total, 1,821 legal entities (1,299) and physical entities (522) participated in the foreign trade operations.

In January 2011, the Far East countries exported to Azerbaijan goods totaling $398.05mln.