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.
Related Articles
IMF says Azerbaijan’s banking sector stronger but systemic vulnerabilities persist
The International Monetary Fund (IMF) has concluded that Azerbaijan’s financial system has made considerable progress in strengthening resilience since the 2015 oil price shock and 2020 COVID-19 ... more
Azerbaijan’s banking sector assets reach AZN27.88bn with a 2.55% NPL ratio in March 2025
The Azerbaijani banking sector has demonstrated remarkable resilience and steady growth in recent years, despite global economic challenges, according to the latest central bank ... more
Azerbaijani banks report mixed financial performance in Q1 2025
Azerbaijan’s leading commercial banks released their financial results for the first quarter of 2025, showing a mixed performance in profitability, digitalisation, credit growth and capital ... more
Most Read
-
Putin to skip Rio BRICS summit over ICC warrant as Xi signals no-show
10 days ago
-
Turkey yet to prove rare earth deposit has suggested “giant” potential despite reported processing talks with China
10 months ago
-
Uproar in Mongolia as development bank reveals scale of risky loans and NPLs
3 years ago