Foreign Trade Turnover Decreased 10.58%

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):

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