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

Azerbaijan's negative trade balance with Russia decreased by up to 20%
  • Clock-gray 10:25
  • calendar-gray 18 January 2021

The trade turnover between Azerbaijan and Russia this year amounted to $ 2,672 billion, which is $ 350,5 mln million or 11,6% less than compared to 2019, according to calculations conducted by APA-Economics based on the figures published by State Customs Committee. 

During the reporting period, the volume of export decreased by $ 22,436 mln or 3,1% to stand at $ 709,390 million, while the volume of import decreased by $ 328,064 million or 14,3% to $ 1,962 billion.

As a result, the negative trade balance amounted to $ 1,253 billion, which is $ 305,628 million or 19,6% less than compared to 2019.

Mirsaid İbrahimzade

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