Azerbaijan's profit from export of goods to Central Asian countries more than doubles

Business
  • 21 August, 2023
  • 13:14
Azerbaijan's profit from export of goods to Central Asian countries more than doubles

In January-July of this year, trade turnover between Azerbaijan and Central Asian countries amounted to $922.4 million, up 33.1% from the previous year, Report informs, referring to the State Customs Committee.

During the year, export operations increased by 2.3 times to $169.85 million and import operations grew by 1.3 times to 752.56 million.

Trade turnover between Turkmenistan and Azerbaijan amounted to $568.54 million, as well as export to $52.79 million, and import to $515.27 million. Compared to the same period last year, trade turnover increased by 3.6 times, import operations by 3.5 times, and export by 4.6 times.

During the reporting period, Azerbaijan's trade turnover with Kazakhstan amounted to $237.94 million, as well as exports to $68.61 million, and import transactions to $169.33 million. Compared to the same period of 2022, the trade turnover decreased by 1.4 times, imports by 1.8 times, and exports increased by 2.1 times.

In January-July of this year, Azerbaijan's trade turnover with Uzbekistan was $92.4 million, with export operations accounting for $26.68 million, and import operations for $65.72 million. During the year, trade turnover decreased by 1.1 times, imports decreased by 1.05 times, and exports increased by 1.05 times.

Trade transactions with Kyrgyzstan made up $21.64 million. Of this, export operations constituted $19.44 million, and import operations $2.2 million. By contrast to the corresponding period of last year, trade turnover increased by 4.8 times, exports increased by 18.6 times, and imports dropped by 1.5 times.

Azerbaijan's trade turnover with Tajikistan amounted to $2.38 million, as well as export to $2.34 million, and import to $40,000. During the year, trade operations and exports fell by 1.1 times, while imports rose by 1.2 times.