Trade volume between Azerbaijan and Mexico amounted to $ 34.5 million

Trade volume between Azerbaijan and Mexico amounted to $ 34.5 million
  • Clock-gray 13:26
  • calendar-gray 20 August 2020

During the period January-July 2020, the bilateral trade between both Mexico and Azerbaijan accumulated a total of $34.5 million dollars, confirming the position of Mexico as one of the main trade partners of Azerbaijan among Latin America countries, press service of Embassy of Mexico to Azerbaijan told APA.

Despite the difficulties generated by the COVID-19 pandemic in the international trade, the bilateral trade shows a favorable trend. Although the amount of January-July 2020 represents a 5% reduction in comparison with the same period of 2019, the trade exchange between Mexico and Azerbaijan continues growing in 2020. Also, it is registered a 13% increment in July, in comparison with June 2020. It positioned Mexico on 26th place as origin country of products, imported by Azerbaijan.

The main Mexican exportations taken place in 2020 refer to hydrocarbon and transport sectors, concentrating in the sale of pipes for oil sector and automobiles of different sizes, which are used for inter-urban transport.

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