The share of 10 countries accounts for 57.4% of Azerbaijan's foreign trade turnover for the 10 months of this year.
Partners of Azerbaijan in foreign trade from January to October were representatives of 147 countries, with 10 of which the turnover exceeded $ 1 billion.
According to the State Customs Committee, Italy accounts for 17.59 % of the country 's foreign trade turnover with the index in excess of $ 5 billion with 96 % of the turnover being oil exports to Italy.
Oil exports to Indonesia and Thailand amounted to $ 4.7 billion.
Russia ($ 2,176 million) is in the third place in Azerbaijan's trade turnover. The trade between Azerbaijan and Russia can be considered diversified - the import of Russian goods in January - October 2013 totaled $ 1,278.8 million and the exports to Russia were $ 897.5 million. Russia is the largest exporter of goods to Azerbaijan. It is followed by Turkey, which has exported goods worth 1,209 million to Azerbaijan since the beginning of this year. Britain exported goods totaling over $ 1 billion. It accounted for 11.5 % of the Azerbaijani imports. - 08D -
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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