
Azerbaijan Boosts Volume Of Trade Turnover With CIS Nations In 2024
from January through December 2024 | ||||
Country | Export ($) | Specific weight | Import ($) | Specific weight |
Belarus | $48.4 million | 2,85 percent | $457.6 million | 8,75 percent |
Kazakhstan | $133.1 million | 7,84 percent | $337.3 million | 6,45 percent |
Kyrgyzstan | $29.6 million | 1,75 percent | $10.4 million | 0,20 percent |
Moldova | $5.12 million | 0,30 percent | $4.97 million | 0,10 percent |
Uzbekistan | $40.3 million | 2,38 percent | $211.7 million | 4,05 percent |
Russia | $1.1 billion | 69,38 percent | $3.62 billion | 69,24 percent |
Tajikistan | $5.85 million | 0,34 percent | $1.24 million | 0,02 percent |
Turkmenistan | $80.2 million | 4,72 percent | $303.4 million | 5,80 percent |
Ukraine | $177.2 million | 10,44 percent | $282.3 million | 5,40 percent |
Total | $1.6 billion | 100,00 percent | $5.23 billion | 100,00 percent |
To note, Azerbaijan's foreign trade turnover in 2024 decreased by 6.98 percent, or $3.5 billion, compared to the indicator of the same period in 2023 (from $51.1 billion to $47.6 billion).
Exports made up $16 billion of the foreign trade turnover, which totaled $26.5 billion, reflecting a decrease of 21.67 percent compared to the same period last year. The portion of exports in the foreign trade turnover stood at 55.77 percent, a drop from 66.23 percent the previous year.
Azerbaijan's imports in the reporting period increased by $3.7 billion, or 21.83 percent, year-on-year from $17.2 billion to about $21 billion. The share of imports in the foreign trade turnover amounted to 44.23 percent, up from 33.77 percent a year earlier.
Consequently, the balance of foreign trade turnover, while remaining positive during the review period, declined year-on-year by over $11.1 billion, or 66.92 percent, to $5.4 billion against $16.6 billion in the 2023 reporting period.

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