Foreign trade relations
On January 2017 legal and natural entities of the Republic of Azerbaijan realized trade operations with their partners in 117 countries of the world; goods were exported to 70 countries and imported from 109 countries.
Taking into account value of statistically estimated exported crude oil and natural gas registered in the customs agencies but customs formalities of which not completed the foreign trade turnover on January 2017 made 1672.9 million USD, including export value – 1222.9 million USD, import value - 450,0 million USD and consequently positive trade balance reached to 772.9 million USD. In comparison with January 2016 foreign trade turnover decreased in real terms by 9.5%, export – 10.7% and import – 6.9%.
40.9% of trade turnover was the share of EU countries, 11.2% - CIS member countries and 47.9% - other world countries.
25.5% of export value was formed based on goods exported to Italy, 13.5% - Taiwan (province of China), 7.8% - Turkey, 7.2% - Portugal, 7.0% - India, 5.5% - Canada, 4.7% - France, 4.5% - Czech Republic, per 4.4% - Spain and Georgia, 4.2% - Ukraine, 3.2% - Russia and the rest 8.1% - other countries.
18.6% of value of imported goods was per the share of Russia, 14.3% - Turkey, 11.7% - China, 5.5% - Germany, 5.1% - USA, 4.0% - United Kingdom, per 3.9% - Italy and Ukraine, 3.0% - Iran, per 2.6% - India and Brazil, 2.3% - Turkmenistan, 22.5% - other countries.
On January 2017 non-oil products in amount of 90.2 million US dollars have been exported and that is more in real terms for 49.5% relatively to January 2016.
On January 2017 compared to the same month of 2016 export of main types of products like fresh fruit decreased by 44.7%, fresh vegetable – 2.3 times, vegetable oils – 11.9%, polyethylene – 13.0%, cotton yarn – 7.5 times, ferrous metal pipes – 19.6%, bentonite clay – 3.2 times, sugar – 36.2%, tea – 35.1%, margarine, other mixtures fit for food – 66.9%, unprocessed aluminum – 19.6%, cotton fibre – 37.6%.
On January 2017 compared to January 2016 import of sugar and crude sugar increased by 35.3%, wheat – 3.4 times, fresh fruit – 60.0%, butter, other milk fats and pastas – 3.3 times, tea – 2.8 times, beef – 58.6%, fresh vegetable – 25.6%, poultry meat and its additional products – 2.7 times, motor cars – 4.7%, steel rolling – 45.3%, furniture – 19.2%, mineral fertilizers – 6.0 times, rubber tyres – 69.0%, computing machinery, blocks and installations – 97.5%, washing machine – 60.8%; import of potato decreased by 13.6%, vegetable oil – 90.8%, ferrous metal pipes – 70.2%, ferrous metal rods – 36.2%, angle iron – 19.9%, polyethylene – 67.3%, cement and cement clinker – 88.8%.
