2014 was the first in the last few years, when both the volume of imports and exports of goods reduced. This is a direct consequence of the collapse of world oil prices, which also led to a decrease in deliveries of investment goods to the country.
According to the State Customs Committee, in 2014 the foreign trade turnover with 150 countries comprised $ 31 billion 16.3 million, which is 10.58% less than in 2013. Last year, the share of exports of oil, gas and petroleum products in the export structure amounted to 91.97%. In connection with reduction in the volume of the exports, this figure decreased 0.44% in comparison with 2013.
Total exports of goods from Azerbaijan last year amounted to $ 21 billion 828,600,000, and the imports were $ 9 billion 187 700 000. It is noteworthy that the last month of 2014 was a record both in terms of low exports (US $ 1 billion 115.1 million) and a high rate of imports (US $ 1 billion 75.5 million).
In 2014, the positive balance of foreign trade amounted to $ 12 billion 640,900,000.
The volume of import and export performance in 2012-2013 (in $ thousands):
| 2012 | 2013 |
Imports | 9,655,628.16 | 10,712,502.70 |
Exports | 23,907,971.97 | 23,975,416.97 |
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Economics
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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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