Russia is one of the key foreign trade partners of Azerbaijan

Russia is one of the key foreign trade partners of Azerbaijan

Russia almost gets up to US on volume of trade with Azerbaijan.
This October Russia with mutual goods turnover for на $1.512 bn has not only strengthened its positions in the trio of key foreign trade partners of Azerbaijan but also almost gets up to the US ($1.569 bn).

While Italy’s leading position ($3.06 bn) is simply indisputable.

The State Customs Committee (SCC) informs that for Jan-Oct 2009 foreign trade turnover of Azerbaijan with CIS countries totaled $2.87 bn or 17.9% of overall foreign trade turnover of the country ($16.5 bn) versus 7.21% for 2008.

This October trade turnover with these countries made up $331.186 million.

For Jan-Oct of the year Azerbaijan exported to the CIS countries commodities for $1.3 bn (11.46% of whole export) and imported goods for $1.547 bn (31.22% of whole import). Azerbaijan had $222.766 million of negative balance in trade with these countries.

Export to the CIS countries included mainly mineral fuel, oil, petroleum products and bitumen materials (50.19%), vessels and other swimming facilities (11.53%), animal and vegetable oils (7.58%), ferrous metals (6.09%).

In import such kinds of goods dominated as animal and vegetable oils (11.09%), electric machines and equipment (9.26%), ground transport means (8.16%), equipment and mechanisms (8.02%) and flying machines (6.58%).

Azerbaijan’s foreign trade turnover with non-CIS countries totaled $13.645 bn or 82.61% of foreign trade turnover of the country.

This October trade turnover with them made up $1.8 bn. For 10 months export to non-CIS countries totaled $10.236 bn (88.54% of whole export), import - $3.4 bn (68.78% of entire import) and the country had $6.827 bn of positive balance with them.

Export consisted of mainly mineral fuel, oil and petroleum products, bitumen minerals (98.16%), polymers and products made of them (0.37%), fruits (0.21%), jewels and semi-precious stones,   precious metals and wares, made of them, bijouterie, ornamentals  (0.21%), sugar and products made of it (0.19%).

And import included mainly equipment and mechanical appliances (24.45% of whole import), electric equipment and devices (18.91%), ground transport vehicles (10.06%) and wares made of ferrous metal (7.53%).

For Jan-Oct 2009 Italy became Azerbaijan’s key export trade partner ($2.948 bn or 25.51% of whole export) and the USA with $1.37 bn (25.51%) and France with $1.017 bn (8.8%) entered the trio.

Then follow Israel $856.9 million (7.41%), Taiwan $680.39 million (5.89%), Russia $617.748 million (5.34%), Canada $433.355 million (3.75%), Indonesia $431.89 million (3.74%), Malaysia $387.557 million (3.35%) and Georgia $335.066 million (2.9%).

Russia remained the leader on import operations with $894.4 million (18.04% of whole import).

Then follow Turkey with $722.576 million (14.58%), Germany $468.99 million (14.46%), Ukraine $423.88 million (8.55%) and China with $355.5 million (7.17%). For comparison, Italy had $115.288 million (2.33%).

In 2008, the trio consisted of Italy, the United States and Israel.