Azerbaijani foreign trade shrinks by 7.7% in Jan-Oct due to reduced imports

By bne IntelliNews November 19, 2014

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.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Republic of Congo expands oil partnerships, eyes closer ties with Azerbaijan

The Republic of the Congo’s President Denis Sassou-Nguesso is diversifying the West African country’s oil and gas partnerships in search of reliable allies to explore its substantial reserves, ... more

Uzbek women top ranking for foreign brides who got married in Turkey last year, overtaking Syrians

Uzbek women topped the ranking for foreign brides who got married in Turkey last year, overtaking Syrian women who were in the top spot from 2015, according to data from the Turkish Statistical ... more

Azerbaijani banks showed positive asset growth in 2023

Azerbaijan's banking sector staged a remarkable comeback in 2023, with robust asset growth, surging loan portfolios and profit gains. From established ... more

Follow Us On

Most Read

  1. Iran vs Israel: Who is better equipped for war?
    6 days ago
  2. Saudi Arabia to scale back plans for Neom city
    10 days ago
  3. Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
    5 months ago
  4. BREAKING: Iraq, Syria and Jordan close airspace amid Iranian strike on Israel
    6 days ago
  5. Russia’s war economy boosted by rising oil prices
    4 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    20 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    25 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. UBN: Russia could take the Baltic states in 48 hours
    30 days ago
  5. BRICS announce a blockchain-based payment system to create a common currency
    23 days ago

Reports

Dismiss