In the first half of 2014 the volume of foreign trade turnover amounted to $ 370.9 million, 15 which is 10.3% less than in the comparable period of 2013. Due to the reduction of export operations by 20.2% trade surplus grew at an annualized rate of 4.8%.
According to the State Customs Committee (SCC), the volume of exports from Azerbaijan for the six months was $ 11.2 billion, which is 6% less than in the first half of last year. The volume of oil, gas and petroleum products in the structure of exports amounted to 92.5% ($ 10.4 billion), which is 0.25% higher than in the comparable period of 2013.
The volume of imports of goods amounted to $ 4.1 billion, imports decreased due to the decrease in supply of timber ($ 64 million, minus 60%), ferrous metals ($ 429 million, minus 34%), vehicles ($ 370 million, minus 53%) and other products.
Since the beginning of the year the share of EU countries account for about $ 1 billion 278.7 million (30.9%) and imports $ 5.8 billion (52.2%) of exports.
Foreign trade surplus amounted to $ 121.6 million 7, which is 4.8% more than in the first half of 2013. - 08D-
Economics
-
Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
-
Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
-
Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
-
Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
Leave a review