In January-June 2013 foreign trade turnover of Azerbaijan amounted to $17144.5 million, which is by 0.16% lower than a year earlier. Trade turnover decreased as a result of reduced export operations by 5.8%.
According to the State Customs Committee, in the first half of this year, Azerbaijan exported goods amounting total of $ 11,970 million. Great share of exports (more than $11 billion, or 92.25%) is the energy resources (crude oil, petroleum products and natural gas.) The share of EU countries accounting for 48% of exports ($ 5,748 million.) The share of public sector in the export portfolio is 94% ($ 11,253 million.)
Over the reported period, the volume of supplied goods is $5 174.5 million, by 16% more than over the compared period of 2012. Imports of goods from EU countries amounted to $ 1,741 million, or 33.6% of imports. The share of the public sector accounted for 31% ($ 1.6 billion) of imports.
The foreign trade balance amounted to $ 795.5 million. This year, Azerbaijan had trade relations with the 137th country in the world; 1,560 items of goods were imported, and 5347 were imported. Import-export business employs 4,786 business entities, of which 3067 is a legal entity, including 233 companies belong to the public sector. --08D--
Economics
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According to preliminary data released by the State Statistics Committee, as of October 1 of the current year, Azerbaijan's economically active population stood at 5.304 million people, of which 5.021 million were employed. These figures highlight the relatively stable labor market in Azerbaijan, as the same number appears in the data for the last three years.
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Azerbaijan witnessed a modest yet steady increase in nominal incomes in the first nine months of 2024, as incomes grew by 6.1% compared to the same period in 2023. This rise brings the total nominal income of the population to 61.587 billion manats, averaging 6039.2 manats per person. This is reported by the State Statistics Committee.
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Azerbaijan's retail trade turnover witnessed a significant boost in the first nine months of 2024, as consumers spent 427 billion manats on goods. This marked a 36% increase compared to the same period in 2023, according to recent data. The retail sector's growth was driven by both food and non-food product sales, which rose by 18% and 57%, respectively.
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According to the State Customs Committee, Azerbaijan's foreign trade turnover for the first eight months of 2024 amounted to $30.2 billion. Legal entities and individuals carried out trade operations with 172 countries. Of this total, exports amounted to $17.45 billion (57.8%) and imports to $12.76 billion (42.2%), resulting in a positive trade balance of $4.68 billion.
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