Trade turnover between Azerbaijan and Russia increases by more than 22%

Trade turnover between Azerbaijan and Russia increases by more than 22%
  • Clock-gray 10:17
  • calendar-gray 16 November 2019

In January-October of the current year, amount of trade turnover between Azerbaijan and Russia has been USD 2 440 455,57 thousand and it is USD 448 366,05 thousand or 22.5% more than corresponding period of the previous year, according to the calculations, conducted by APA-Economics citing State Customs Committee’s report.

In the reporting period, volume of export increasing by USD 60 094,17 thousand or by 11.8% amounted at USD 570 078,77 thousand. Volume of import has increased by USD 388 271,88 thousand or 26.2% and reached USD 1 870 376,80 thousand. As it is obvious, import exceeds export by about 3.3 times in the first 10 months of the current year.

In the reporting period, negative trade balance was USD 1 300 298,03 thousand and it is USD 328 177,71 thousand or 33.8% more in comparison with corresponding period of the previous year.

APA-Economics

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