Negative Balance of Foreign Trade Turnover of Azerbaijan Kept

While by August 1 last year, the balance of Azerbaijan's foreign trade turnover was positive $ 2 billion 167.14 million, the balance in this year's January-July was negative (minus $ 167 million 466.71 thousand), says the information released by the State Customs Committee.

The total foreign trade turnover by 1 August was at $ 9 billion 347 million 50.84 thousand (minus 26.89% over the same period last year) with the reduction of exports ($ 4 billion 589 million 792.06 thousand) by 38.57% and of imports ($ 4 billion 757 million 258.78 thousand) by 10.46%.

The supply of cheapened oil, oil products and natural gas accounted for 85.32% of total exports, which affects the balance of turnover. Fruits and vegetables account for 3.88% of exports, while other supplies are insignificant.

The leading imported positions are occupied by car, machinery, electrical equipment and spare parts - 23.45%, foods account for 14.75%, ferrous metals and products from them account for 14.24%, motor vehicles and spare parts - for 11.19%, and incomprehensible point "others" - for 25.35%.

Trading operations were participated by representatives of 167 countries. The main official export trading partners were traditionally Italy (19.3%), Taiwan (8.78%), Germany (7.95%), France (7.51%) and Israel (5.87%).

Russia and Turkey do not appear on the list, but they are in the list of priority suppliers of their products to Azerbaijan. They are in the lead with 17.85 and 12.87%, respectively, with China accounting for 6.84%, the UK for 6.82%, and the USA - for 5.9%. --17D-