Azerbaijan’s Foreign Trade Turnover Decreased by 18.9%

For the first three quarters of 2016 the foreign trade turnover of Azerbaijan amounted to $ 15 billion 781 million 300 thousand, which is less compared to the same period last year by 18.9% ($ 3,686,294,900).

With reference to the State Statistics Committee, exports amounted to $ 9 billion 579 million 800 thousand, and imports were $ 9 billion 201 million 500 thousand. During the year, exports decreased by 25% ($ 3 billion 309 million 280 thousand), while imports decreased by 5.7% ($ 377 million 12 thousand).

The positive balance of foreign trade turnover of the country amounted to $ 3 billion 378 million 300 thousand.

Azerbaijan conducted trade operations with 174 countries of the world, exported to 103 countries and imported from 168 countries.

38.3% of foreign trade turnover fell on the share of the European Union, 12.1% - on the CIS countries and 49.6% - on other countries. -----71D

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