Negative balance of trade turnover between Azerbaijan and Russia decreases by 7%

Negative balance of trade turnover between Azerbaijan and Russia decreases by 7%
  • Clock-gray 15:14
  • calendar-gray 20 February 2020

Volume of trade turnover between Azerbaijan and Russia has been USD 167 068,31 thousand in January of this year, which is 2 417,8 thousand dollars or 1.4% less than January of 2019, according to the calculations of APA-Economics on the basis of indicators, published by the State Customs Committee.

In January of this year the volume of exports increasing by USD 1 207,5 thousand or 2.5% amounted USD 50 049,5 thousand, and imports decreased USD 3 625,3 thousand or 3% reached USD 117 018,8 thousand. Thus import exceeded export by 2.3 times.

In January of 2020 a USD 66 969,2 thousand worth negative trade balance has been formed, which is USD 4 832,8 thousand or 6.7% less in the annual comparison.

Mirsaid İbrahimzade

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