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
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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