Azerbaijan Obtains Net Surplus in Trade with CIS Countries
OREANDA-NEWS. April 23, 2010. The State Customs Committee (SCC) informs that for Jan-Mar 2010 Azerbaijan’s foreign trade turnover with the CIS counterparts totaled USD 801.307 million or 14.1% of country’s overall foreign trade turnover (USD5.667 bn) versus 16.15% in 2009 7.21% in 2008.
For Jan-Mar 2010 Azerbaijan exported to the CIS countries commodities for USD 420.5 million (9.33% of whole export) and imported goods for USD 380.79 million (32.87% of whole import). And first time in its history Azerbaijan had positive balance in trade with these countries – net surplus reached USD 39.7 million.
Export to the CIS countries included mainly mineral fuel, oil, petroleum products and bitumen materials (41.03%), sailing vessels (28.12%), animal and vegetable oils (12.74%), sugar and sugar products (4.13%), fruits (2.46%).
In import such kinds of goods dominated as animal oils (12.71%), equipment and mechanisms (11.45%), ground transportation vehicles (10.65%), tobacco products (7.27%), ferrous metals (6.7%).
Azerbaijan’s foreign trade turnover with non-CIS countries totaled USD 4.866 bn or 85.9% of country’s foreign trade turnover.
For Jan-Mar 2010 export to non-CIS countries made up USD 4.088 bn (90.67% of total export), import - USD 777.6 million (67.13%) and the country had USD 3.3 bn of positive balance with them.
Export consisted mainly of mineral fuel, oil and petroleum products, bitumen minerals (97.73%), ferrous metals (0.47%), polymers and products made of them (0.38%), precious and semiprecious metals and products made from them, bijouterie, ornamentals (0.34%), sugar and products from it (0.22%).
Import included mainly equipment and mechanical appliances (21.97% of whole import), electric equipment and devices (12.2%), ground transportation vehicles (10.37%), glass and products it (5.68%).
For Jan-Mar 2010 Italy became Azerbaijan’s key export trade partner (USD 1.76 bn or 39.13% of whole export) and Israel with USD 347.4 million (7.71%) and France with USD 318.209 million (7.06%) entered the trio too.
Then follow Indonesia USD 272.27 million (6.04%), United States USD 200.455 million (4.45%), Croatia USD 182.586 million (4.05%), Ukraine USD 153.101 million (3.4%), India USD 152.3 million (3.38%).
Russia remained the leader on import operations with USD 213.447 million (18.43% of whole import). Then follow China with USD 130.625 million (11.28%), Turkey USD 127.7 million (11.02%), Ukraine USD 86.89 million (7.5%), Germany USD 77.4 million (6.68%).
In 2009, the trio consisted of Italy, the United States and Russia and in 2008 - of Italy, the United States and Israel.
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