Negative balance of trade turnover of Azerbaijan with CIS countries decreases by nearly 3 times

Negative balance of trade turnover of Azerbaijan with CIS countries decreases by nearly 3 times
  • Clock-gray 23:13
  • calendar-gray 19 February 2020

In January of this year the volume of trade turnover of Azerbaijan with CIS countries amounted to $ 328 723,97 thousand which is 2,3% or $ 7 346,16 thousand more in comparison to the same month of 2019, according to the calculations of APA-Economics based on the report published by State Customs Committee.

During January of 2020, the volume of export increased by 49,6% or $ 46 031,43 thousand  and was $ 138 777,88 thousand in comparison to the related period of the previous year, however, import decreased $ 38 685,27 thousand or by 16,9% and made up $ 189 946,09  thousand.

As a result, there was a negative balance worth $ 51 168,2 thousand last month, which is $ 84 716,7 thousand or 62,3% (2,6 times) less in comparison to the same month of 2019.

Mirsaid İbrahimzade

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