According to the State Customs Committee of Azerbaijan (http://customs.gov.az/files/arayish201603.pdf), by April 1, Azerbaijan's foreign trade turnover amounted to $ 3 billion 606 million, slightly less than half of which (42.4%, or $ 1 billion 531 million) came from the EU, and just over a tenth (11.8% or $ 422 million) – from the CIS countries. Other countries, with 140 participants in the turnover, had a trade of $ 1 billion 653 million, or 45.8% of total volume, with Azerbaijan.
The usual leader is Italy with a total turnover of $ 462 million for export, mainly hydrocarbons at $ 368 million and imports of $ 94 million, followed by Turkey - $ 257 million ($ 59 million and $ 197 million). The third is Russia with overall performance in the $ 252 million ($ 46 million and $ 206 million), followed by Germany - $ 248 million ($ 172 million and $ 76 million) and France - $ 233 million ($ 201 million and $ 32 million).
By April 1, the total exports amounted to $ 1 billion 780.62 million, and the imports were $ 1 billion 825.9 million with a deficit of approximately $ 45 million. --17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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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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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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