Azerbaijan’s foreign trade amounted to $26.5bn during January-October 2014, down by 7.7% compared to a total of $34.6bn during the same period of last year, Trend news agency reported on November 18 citing the State Customs Committee.
Exports of 2,007 goods reached $19.19bn, a 3.65% decrease compared to 2013. The bulk came from the public sector, which includes oil and gas, at $18.08bn, and the remaining $1.1bn came from the private sector.
Imports shrank by 17.06% compared to the first 10 month in 2013 totalling $7.36bn. Azerbaijan imported 5,861 goods from 146 foreign trading partners, down from 149 in 2013 and 155 in 2012.
In the same period, foreign trade surpluss amounted to $11.8bn, down from $13.2bn in 2013 and $16.9bn in 2012.
The Azerbaijani government has finished taking over $2.2bn worth of external debt owned by the country's largest bank, International Bank of Azerbaijan (IBA), APA news agency reported on March 5 ... more
Several opposition parties in Azerbaijan have announced that they will boycott the early presidential election scheduled for April, according to local media reports. On February 5, President ... more
The assets of the International Bank of Azerbaijan (IBA), the largest lender in the country, contracted by 28.9% y/y to AZN8.7bn ($5.1bn) in 2017, the state-controlled bank reported on January 10. ... ... more