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.

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