Azerbaijan Returns Surplus in Trade with CIS Countries
OREANDA-NEWS. November 30, 2010. No changes occurred among the members of the trio of Azerbaijan’s trading partners that consisted of Italy, France and the United States following September of the year.
The US kept its position in TOP 3 due to the better (unlike Israel) export to Azerbaijan.
The State Customs Committee (SCC) informs that for Jan-Oct 2010 Azerbaijan’s foreign trade turnover with the CIS counterparts totaled USD 3.207 bn or 14.3% of country’s overall foreign trade turnover (USD 22.5 bn) versus 16.15% in 2009 and 7.21% in 2008.
Over Jan-Oct 2010 Azerbaijan exported to the CIS countries commodities for USD 1.608 bn (9.26% of whole export) and imported for USD 1.598 bn (31.12%). As a result, Azerbaijan returned positive balance in trade with these countries, registered first time in March (USD 39.7 million) and lost in September.
Net surplus of trade with the post-Soviet republics totaled USD 10.129 million following this October versus deficit of USD 6.406 million by October, surplus of USD 51.378 million by September, and surplus of USD 77.155 million by July of the year.
Export to the CIS countries included mainly mineral fuel, oil, petroleum products and bitumen materials (58.38%), ships and other sailing vessels (10.87%), animal and vegetable oils (8.71%), sugar and sugar products (5.08%), fruits (2.67%).
Import consisted mainly of animal oils (15.26%), equipment and mechanisms (10.42%), wares made of ferrous metals (9.93%), ground transportation vehicles (9.5%), and ferrous metals (7.72%).
Azerbaijan’s foreign trade turnover with non-CIS countries totaled USD 19.29 bn or 85.7% of country’s foreign trade turnover.
For Jan-Oct of the year export to non-CIS countries made up USD 157.568 bn (90.74% of total export), import USD 3.537 bn (68.88%) and the country had USD 12.218 bn of positive balance with them.
Export composed mainly of mineral fuel, oil and petroleum products, bitumen minerals (98%), precious and semiprecious metals and products made from them, bijouterie, ornamentals (0.41%), ferrous metals (0.39%), polymers and products made of them (0.27%), sugar and products from it (0.14%).
Import included mainly equipment and mechanical appliances (24.4% of whole import), ground transportation vehicles (9.69%), electric equipment and devices (8.86%), products from ferrous metals (8.23%), sugar and products from it (3.98%).
Over Jan-Oct 2010 Italy became Azerbaijan’s key trade partner on export (USD 5.5 bn or 31.69% of whole export). The Jan-Oct trio also includes France with USD 1.667 bn(9.6%) and Israel with USD 1.456 bn (8.39%).
Then follow the USD 1.328 bn (7.65%), Indonesia USD 782.1 million (4.5%), Ukraine USD 716.8 million (4.13%), Croatia USD 684.3 million (3.94%), Russia USD 592.4 million (3.41%), Malaysia USD 578.7 million (3.33%),
Russia remained the leader on import operations with USD 872.408 million (16.98% of whole import). Then follow Turkey USD 603.3 million (11.75%), Germany USD 442.998 million (8.627%), China USD 424.897 million (8.37%), Ukraine USD 380.798 million (7.41%).
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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