Negative balance of trade turnover between Azerbaijan and USA increases by more than thrice

Negative balance of trade turnover between Azerbaijan and USA increases by more than thrice
  • Clock-gray 15:58
  • calendar-gray 19 December 2019

During January-November of this year, the volume of trade exchange conducted by Azerbaijan with the USA amounted to US$ 738,774.29 thousand which is by US$ 1,855.49 thousand or 0.3% less than the indicator for the same period of the last year, "APA-Economics" reports citing the results of the calculations performed on the basis of the indicators issued by the State Customs Committee.

During eleven months of the current year, the volume of exports from Azerbaijan to the USA amounted to US$ 21,855.10 thousand which is by US$ 242,279.66 thousand or 12.1% less than the indicator for the same period of the past year.

And the volume of the imports amounted to US$ 716,919.19 thousand. This indicator has increased by US$ 240,424.17 thousand or 50.5% as compared with the same period of 2018.

Consequently, the negative balance amounting to US$ 695,064.1 thousand has developed which is by US$ 482,703.83 thousand or 3.3 times more than the last year’s indicator.

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