Positive balance of trade turnover of Azerbaijan with EU countries sharply increases

Positive balance of trade turnover of Azerbaijan with EU countries sharply increases
  • Clock-gray 18:09
  • calendar-gray 20 February 2020

In January of the current year, the volume of trade turnover of Azerbaijan with countries of  European Union (EU) was $ 1 696 203,93 thousand which is $ 801 263 thousand or 1,9 times more in comparison to the same month of 2019, according to the calculations of APA-Economics based on the indicators published by State Customs Committee.

The volume of export increased by 2,1 times or $ 810 903,1 thousand and has been $ 540 301,9 thousand, however, volume of import decreased by 5,8% or $ 9 640,14 thousand and decreased to $ 155 902,03 thousand in comparison to January of the previous year.

In January 2020 there was positive trade balance worth $ 1 384 399,9 thousand, this indicator increased by 2,4 times or $ 820 543,24 thousand in comparison to the same month of 2019.

Mirsaid İbrahimzade

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