Kazakhstan Reveals Volume Of Trade Turnover With Azerbaijan In 1Q2024

5/25/2024 1:08:43 AM

(MENAFN- Trend News Agency) ASTANA, Kazakhstan, May 25. The volume of tradeturnover between Kazakhstan and Azerbaijan amounted to $162.7million from January through March 2024, Trend reports.

Data from the country's Bureau of National Statistics shows thatthis is 31.6 percent more than in the same period in 2023 ($123.6million).

Exports to Azerbaijan dominated trade turnover, at $151.4million, or 46.8 percent more than in January-March 2023.

Furthermore, imports from Azerbaijan fell by 44.7 percent duringthe aforementioned period, totaling $11.3 million. From Januarythrough March 2023, imports totaled $20.5 million.

Meanwhile, trade turnover between Kazakhstan and Azerbaijanreached $529.4 million in 2023. The volume of trade turnoverincreased by 14.2 percent from the same time in 2022 ($463.3million).

At the same time, in terms of trade turnover, exports toAzerbaijan totaled $456.3 million over the aforementioned period,which is 21.6 percent higher than from January through December2022.

In addition, imports from Azerbaijan from January throughDecember 2023 decreased by 17.3 percent and amounted to $73million. In 2022, imports amounted to $88.3 million.

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