Russia become's Azerbaijan's second trade partner, behind Italy

Russia become's Azerbaijan's second trade partner, behind Italy

Russia is now Azerbaijan's second largest trading partner, ahead of the USA, following the release of November's trade figures.
Azerbaijan still has by far the highest trade turnover with Italy, $3.547bn, in the year to November, the State Statistics Committee reported on Monday.
Over the reporting period Russia had trade of $1.65bn.
In January to November Italy was Azerbaijan’s key export trade partner ($3.425bn or 26.02% of all exports) while the USA had $1.59 bn of exports (12.09%) and France $1.1 bn (8.38%).
Israel was in fourth position, importing $1.015m of goods from Azerbaijan (7.71%), Russia $686.03m (5.21%), Taiwan $680.39m (5.17%), Canada $507.077m (3.85%), Indonesia $505.8m (3.84%), Malaysia $387.557m (2.94%) and Georgia $364.02m (2.76%).

Russia remained Azerbaijan's leading import partner in the reporting period with Azerbaijan importing Russian goods worth $966.06m, 17.73% of all imports.

Turkey was Azerbaijan's second import partner with $791.3m (14.52%) of goods, Germany had $501.69m (9.21%), Ukraine $469.407m (8.62%) and China $410.75m (7.54%). Azerbaijan imported just $122.2m worth of goods from Italy, its key export partner.
In January to November Azerbaijan's foreign trade turnover with CIS countries totalled $3.2bn or 17.2% of all foreign trade, compared to 7.21% in 2008.

In the first 11 months of the year, Azerbaijan exported to the CIS countries commodities for $1.5 bn (31.08% of all exports) and imported goods for $1.69 bn (31.08% of all imports).

Exports to the CIS countries were mainly mineral fuel, oil, petroleum products and bitumen materials (51.41%), maritime and other vessels (10.11%), animal and vegetable oils (7.38%), fruit (6.2%) and ferrous metals (5.39%). 
Animal and vegetable oils dominated imports from the CIS (11.28%), electronic equipment (8.65%), ground transport vehicles (8.06%), equipment (7.96%) and planes (6.77%).

Azerbaijan’s foreign trade turnover with non-CIS countries totaled $15.4bn in the reporting period or 82.8% of foreign trade turnover of the country.
Trade with non-CIS countries was $1.76bn in November. In the first 11 months of the year, exports to non-CIS countries totalled $11.65bn (88.51% of all exports) and imports $3.755bn (68.92% of all imports), giving a positive balance of trade of $7.897bn.

Exports outside the CIS were mainly mineral fuel, oil and petroleum products, bitumen minerals (98.18%), polymers and polymer products (0.36%), fruit (0.23%), jewels and semi-precious stones,  precious metals, ornaments  (0.2%) and sugar and sugar products (0.19%).
Imports were mainly equipment and mechanical appliances (24.18% of all imports), electronic equipment and devices (19.45%), ground transport vehicles (9.93%) and ferrous metal goods (7.3%).