Azerbaijani foreign trade turnover exceeded $18.6 bn in 2009

Azerbaijani foreign trade turnover exceeded $18.6 bn in 2009

For Jan-Nov 2009 country’s foreign trade turnover reached $18.6 bn versus $54.9 bn for 2008.
This November the figure totaled $2.096 bn against $2.16 bn in October.

The State Customs Committee (SCC) informs that between January and November of 2009 Azerbaijan exported commodities of 935 names in the amount of $13.165 bn (-71.97% or $33.807 bn versus Jan-Nov 2008) against $47.756 bn in 2008 and imported goods of 4,801 names in the amount of $5.448 bn (-16.17% or $1.05 bn versus Jan-Nov 2008) against $7.16 bn in 2008.

Positive balance on import and export operations amounted to $7.716 bn against $40.59 bn for 2008.

In 2009, the biggest export was registered in October ($1.568 bn) and the least export in January ($694.489 million) with average monthly growth of export by $91.056 million. The largest import was registered in October ($579.539 million) and the least one in March ($395.8 million) with average monthly fall of $2.506 million.

This November export operations dropped by $36.4 million versus October and import operations by $90.827 million.

For Jan-Nov 2009 Azerbaijan’s resident and non-residents conducted trade operations with 138 countries of the world. Foreign trade operations involved totally 8,753 legal entities and individuals (3,938 and 4,815 respectively).

The share of state sector in export operations made up 93.5% or $12.309 bn, private sector - 5.4% or $715.156 million, individuals 1.07% or $140.46 million.

The share of state sector in import operations made up 32.63% ($1.78 bn), private sector 62.51% ($3.406 bn) and individuals 4.86% or $264.8 million.