Trade turnover between Azerbaijan and Russia exceeded USD 3 bln. last year

Trade turnover between Azerbaijan and Russia exceeded USD 3 bln. last year
  • Clock-gray 11:04
  • calendar-gray 15 January 2020

Last year, the volume of trade turnover between Azerbaijan and Russia was $ 3 022 046,0 thousand which is $ 471 13,93 thousand or 18,5% more in comparison to the related period of the previous year, according to the calculations of APA-Economics based on the indicators published by State Customs Committee.

During the reporting period, volume of the export increased by $ 66 084,78 thousand or 9,9% and amounted to $ 731 826,2 thousand. While volume of import increased $ 405 055,15  thousand or by 21,5% and amounted at $ 2 290 219,8 thousand. As it is shown, according to the results of 2019, import exceeded export by 3.1 times.

During the reporting period, negative trade balance was $ 1 558 393,6 thousand and this indicator $ 338 970,37 thousand or 27,8% more in comparison with 2018.

Mirsaid İbrahimzade

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