Azerbaijan's positive trade balance with EU countries decreased by 33%

Azerbaijan's positive trade balance with EU countries decreased by 33%
  • Clock-gray 18:43
  • calendar-gray 16 March 2021

In January-February of the current year, the volume of the trade turnover of Azerbaijan with European Union (EU) countries amounted to $1,8263 bln. and this is 25,7% less compared to the January-February of 2020, according to the calculations of APA-Economics based on the published figures by the State Statistics Committee. 

In January-February, export to the EU amounted to $1,493 bln. and import to $333,206 mln. This is 28,6% and 4,6% less, respectively than  January-February of the last year.

Thus, in the first two months of this year, the trade surplus amounted to $ 1,160 billion, a decrease of 33,4% compared to the same period of 2020.

Mirsaid İbrahimzade

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