Azerbaijan's revenues from hazelnut exports surge by nearly 22%

Azerbaijan exported 8,900 tons of hazelnuts in January-July this year, with the total value of exports reaching $100.2 million, Report informs, citing the State Customs Committee.

The volume of hazelnut exports decreased by 2,550 tons, or 22.5%, compared with the same period last year. However, export value increased by $17.75 million, or 21.5%.

Revenue from hazelnut exports accounted for 0.5% of Azerbaijan's total export earnings during the reporting period.

In the first seven months of the year, Azerbaijan conducted trade operations with foreign countries worth $29.22 billion, up 1.3% year-on-year.

Exports accounted for $19.34 billion of the total foreign trade turnover, while imports amounted to $9.88 billion. Over the past year, exports increased by 27%, while imports declined by 27.4%.

As a result, Azerbaijan recorded a positive foreign trade balance of $9.46 billion, representing a 5.9-fold increase compared with the same period last year.