Azerbaijan's negative trade balance with Russia decreased by 20%

Azerbaijan's negative trade balance with Russia decreased by 20%
  • Clock-gray 16:14
  • calendar-gray 29 December 2020

The trade turnover between Azerbaijan and Russia over January-November this year amounted to $ 2,418 billion, which is $ 312,924 million or 11,5% less than compared to the relevant period of the previous year, according to calculations conducted by APA-Economics based on the figures published by State Statistics Committee. 

During the reporting period, the volume of export decreased by $ 15.696 million or 2,4% to $ 644,662 million, while the volume of import decreased by $ 297,228 million or 14,4% to $ 1,773 billion.

As a result, in the first eleven months of this year, the negative trade balance amounted to $ 1,128 billion, which is $ 281,533 million or 20% less than compared to the corresponding period of 2019.

Mirsaid İbrahimzade

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