Positive trade balance appeared in Azerbaijan's trade turnover with CIS countries

Positive trade balance appeared in Azerbaijan's trade turnover with CIS countries
  • Clock-gray 12:07
  • calendar-gray 22 February 2021

In January of this year, volume of trade turnover of Azerbaijan with CIS countries has decreased by 1% in comparison with the same period of the previous year and amounted to USD 325,354 mln., according to calculations of APA-Economics on the basis of report of the State Customs Committee.

Volume of export during the period increased by USD 25,437 or 18.3% in comparison with analogical period of the previous year amounted to USD 164,215 mln., while import decreasing by USD 28,807 or by 15.2% amounted to USD 161,139 mln. 

As a result, a trade balance of USD 1,076 mln. has appeared in the reporting period. Note that trade balance was negative in January of 2019 and was USD 51,168 mln.

Mirsaid İbrahimzade

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