Surplus in Trade Turnover of Azerbaijan Amounted to $ 2,619 Million in Seven Months of 2016
In January-July 2016 the foreign trade turnover of Azerbaijan amounted to 12 billion 133.6 million dollars, according to the State Statistics Committee.
According to Turan, the surplus in the trade balance for the reported period amounted to 2 billion 619 million dollars, with exports amounting to $ 7 billion 376.3 million dollars and imports amounting to 4 billion 757.3 million dollars.
The State Statistics Committee noted that in the preparation of the trade balance they also considered statistically estimated value of exported oil and gas, the customs procedure in respect of which has not yet been fully completed.
According to the State Committee, goods were exported to 102 countries and imported from 157 countries in the seven months.
41.2% of the trade turnover fell on the European Union, 12.2% - on the CIS countries, and 46.6% - on other countries. -----71D
Economics
-
Food prices in Azerbaijan’s capital, Baku, increased by 5% during the first nine months of 2024, highlighting rising inflationary pressures in the domestic market, the Turan agency reported.
-
Global grain prices continued their downward trajectory in August, as the FAO grain price index slipped 0.5% from July and a sharp 11.9% year-on-year decline, reflecting weakening demand and intensifying competition among major exporters. Wheat prices were particularly impacted by higher-than-anticipated production levels in Argentina and the United States, exerting additional downward pressure on the international market.
-
Azerbaijan’s national air carrier, AZAL, has enhanced its international travel offerings through a new partnership with Ethiopian Airlines, providing passengers with increased connectivity and convenience for global travel, the airline announced on Monday.
-
The Azerbaijan Trade Forum, held on October 7, underscored the vital role of small and medium-sized enterprises (SMEs) in enhancing the country’s non-oil exports. Jointly organized by the Small and Medium Business Development Agency (SMBDA) and the Association of Customs and Logistics Companies of Azerbaijan, and supported by Pasha Holding, the event brought together stakeholders from various sectors, including import-export, logistics, production, and customs representation.
Leave a review