Trade turnover between Azerbaijan and Russia increases by more than 20%

Trade turnover between Azerbaijan and  Russia increases by more than 20%
  • Clock-gray 17:06
  • calendar-gray 17 December 2019

In January-November of the current year, the volume of trade turnover between Azerbaijan and Russia was $ 2 730 529,94 thousand which is $ 464 017,62 thousand or 20.5% 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 $ 60 281,52 thousand or 10.1% and amounted to $ 660 357,28 thousand. While volume of import increased $ 403 736,1 thousand or by 24.2% and amounted at $ 2 070 172,66 thousand. As it is obvious, during the 11 months of the current year, import exeeded export by 3.1 times.

During the reporting period negative trade balance was $ 1 409 815,38 thousand and this indicator $ 343 454,58 thousand or 32.1% more in comparison to the same period of the previous year.

APA-Economics

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