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Azerbaijan increases exports




(MENAFN - Trend News Agency) Baku, Azerbaijan, July 27

By Kheyraddin Nasirzade - Trend:

In January-June 2019, Azerbaijan exported goods worth a total of $9.979 billion, which is 15.2 percent more than in January-June 2018,Trendreports referring to the Azerbaijan State Customs Committee.

The share of the public sector in exports amounted to $6.218 billion, the private sector to $3.728 billion, and individuals to over $31 million.

During the period, Azerbaijan exported mostly oil and oil products, natural gas, fruits, vegetables and electricity.

Top 5 goods exported by Azerbaijan:

















































Goods


January-June 2019


January-June 2018


Volume


Value (1,000 USD)


Volume


Value (1,000 USD)


Oil, tons


15,833,150.78


7,671,234.27


13,564,784.04


6,945,438.31


Natural gas, 1,000 cubic meters


5,664,611.71


1,047,680.80


3,101,025.02


570,337.12


Oil products, tons


520,997.98


261,182.53


548,024.03


282,794.13


Fruits and vegetables, tons


325,060.43


318,370.65


299,677.26


276,701.57


Electricity, 1,000 kW/h


1,212,815.38


51,935.32


1,156,305.90


54,606.24


During this period, imports amounted to $7.015 billion, which is 50.5 percent more than in January-June 2018.

The share of the public sector in imports amounted to $2.812 billion, the private sector to $3.799 billion and individuals to $402.9 million.

The most popular products imported by Azerbaijan during the period included various machines, vehicles and spare parts for them, ferrous metals and products made from them, plastic and plastic products, as well as pharmaceuticals.

Top 5 goods imported by Azerbaijan:

















































Goods


January-June 2019


January-June 2018


Volume


Value (1,000 USD)


Volume


Value (1,000 USD)


Machines, mechanisms, electrical equipment and spare parts for them


-


1,252,058.69


-


1,112,400.19


Vehicles and spare parts for them


-


536,925.10


-


391,002.87


Ferrous metals and products made of them, tons


398,521.20


459,804.58


457,532.02


520,342.47


Plastic and products made of plastic, tons


100,909.20


181,505.64


89,275.50


170,420.10


Pharmaceuticals, tons


6,952.47


134,494.25


6,493.22


123,751.43


In general, Azerbaijan's foreign trade operations increased by almost 27.6 percent amounting to $16.994 billion in January-June 2019 compared to the same period of 2018.

The positive balance in the period amounted to $2.963 billion, which is 25.95 percent less than in the same period last year ($4.002 billion).

During the reporting period, Azerbaijan exported 2,397 types of goods and imported 6,862 types of goods. As many as 177 countries became foreign trade partners of Azerbaijan, and 21,177 legal entities and individuals participated in foreign economic activity in general (6,491 legal entities and 14,686 individuals).

The highest export and import volumes for the reporting period were observed in April. Goods worth $2.605 billion were exported from Azerbaijan. Imports amounted to $1.425 billion. The monthly increase in exports in April amounted to $1.272 billion, imports - $455.9 million.

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