In November 2016 the foreign trade turnover of Azerbaijan amounted to $ 1 billion 714.8 million, an increase compared to October by $ 314.8 million or 22.4%, the State Customs Committee reported on November 15.
In November exports of goods ($ 956.2 million) exceeded imports by 26.1%.
Total, according to the SCC, in the first 11 months of this year the foreign trade turnover of Azerbaijan exceeded $ 16 billion. This is 20.2% less than in the comparable period of 2015.
The volume of 11-month exports reached $ 8.3 billion (-30%), and imports - $ 7.7 billion (-6%).
In 2016, the entire share of oil and natural gas ($ 10 398.4 million) in the export structure amounted to 86.3%.
During the reporting period, exports of non-oil products from Azerbaijan decreased by $ 347.4 to US $ 1 billion 135.6 million. ---- 08D
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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