Azerbaijan’s foreign trade turnover hits $6. 853 billion

Azerbaijan’s foreign trade turnover hits $6. 853 billion

Azerbaijan reached $6.853 billion foreign trade turnover with 120 countries in January-May, 2009, the State Statistics Committee said.

Exports totaled $4.591 billion and imports $2.262 billion. Black ink totaled $2.329 billion.

Italy accounts for 19.8%, Russia 8.5%, the U.S. 8.4%, France 7.3%, Israel 5.4%, Turkey 4.9% and Germany 3.9% of the export-import operations.

About 88.1% of exchange of goods as well as 91.3% of export and 81.7% of import operations were carried out in hard currency.

Rise in cash income of Azerbaijani population

Rise in cash income of Azerbaijani population

Nominal cash incomes of Azerbaijan population totaled 14 billion manat in Jan.-Aug. 2009, a rise of 12.6 percent from the same period of 2008, the State Statistics Committee said.

Per capita nominal income increased 11.2 percent to settle at 1, 655 manat.

Nearly 66.9 percent of the total income was spent to purchase goods and miscellaneous services, 10.1 percent to pay taxes and 23 percent to increase volume of bank deposits and buy foreign currency.

After paying taxes and other obligatory fees the population had net income of 13 billion manat.

Azerbaijani government estimates population’s cash income to total 22 billion and expenditures 18 billion manat in 2009.