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Oil price decline and global crisis affected Azerbaijanâ€™s foreign trade â€“ SCC chairman

19 January 2017 08:03 (UTC +04:00)

Global economic crisis, oil price decline, as well as manat devaluation affected Azerbaijan’s export, chairman of State Customs Committee Aydin Aliyev said at the press conference today.

SCC chairman noted that in spite of the abovementioned factors, Azerbaijan traded with 180 counties in 2016: “It’s true, foreign trade turnover fell from $12.729 billion to $9.143 billion. Along with this, import operation made AZN 8.523 billion as at the beginning of this year, while it was AZN 9.216 billion in early 2016”.

However, SCC fulfilled the forecast timely: “The forecast made up AZN 1.81 bilion, but we overfulfilled it by 126%”.