(MENAFN- AzerNews)
By Ayya Lmahamad
Azerbaijan's foreign trade surplus amounted to $7.7 billion in
the period from January to April 2022, the State Customs Committee
has reported.
In the first four months of the year, the country's trade
turnover amounted to $15.8 billion. Of the total turnover, export
amounted to $11.8 billion or 74.5 percent, while import was $4
billion or 25.4 percent, resulting in a surplus of $7.7
billion.
Moreover, legal entities and individual entrepreneurs in the
country carried out trade operations with partners in 155
countries.
In terms of export, EU countries accounted for $7.5 billion or
63.9 percent, CIS countries for $635.2 million or 5.3 percent, and
other countries for $3.6 billion or 30.7 percent of the country's
total export.
As to imports, CIS countries accounted for $1.1 billion or 27.7
percent, EU countries accounted for $638.9 million or 15.8 percent,
and other countries for $2.2 billion for 56.4 percent of the
country's imports during the reported months.
Furthermore, 214,936 tons of cargo worth $312.9 million were
transported by sea, 1.9 million tons worth $1 billion by railway,
and 1.5 million tons worth $3 billion of cargo by car. Some 25,281
tons of cargo worth $497.1 million were transported by air in
January-April 2022.
In the structure of the exports, the main volume came from
products of the oil and gas sector with 91.8 percent, while the
non-oil and gas sector amounted to 8.1 percent of the total export
volume.
Azerbaijan's main export transactions during the reported period
were with Italy ($5.8 billion), Turkey ($1.2 billion), Israel
($541.6 million), Portugal ($400.5 million), and the UK ($397.9
million).
Over the past four months, Azerbaijan's main import partners
were Russia ($694.5 million), Turkey ($687.4 million), China
($620.5 million), Kazakhstan ($202 million), and Germany ($184
million).
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Ayya Lmahamad is AzerNews' staff journalist, follow her on
Twitter: @AyyaLmahamad
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