Azerbaijan’s foreign trade turnover notably up for 2022 – State Customs Committee

Date:



BAKU, Azerbaijan, January 25. Azerbaijan’s
international commerce turnover notably grew in 2022, the State Customs
Committee advised Development.

Based on the committee, this determine totaled $52.6 billion,
up by $18.7 billion (55.36 p.c) on annual foundation.

Out of the whole worth, $38.1 billion accounted for exports,
which is $15.94 billion (71.8 p.c) greater than in 2021. The share
of exports within the international commerce turnover made up 72.4 p.c
towards 65.48 p.c a 12 months earlier.

Azerbaijan’s import final 12 months elevated by $2.8 billion (24.21
p.c) from $11.7 billion to $14.54 billion in comparison with 2021. The
share of imports in international commerce turnover amounted to 27.6 p.c
towards 34.52 p.c a 12 months earlier.

In consequence, the stability of international commerce turnover, remaining
constructive, grew over the 12 months by greater than $13.1 billion (2.2 occasions)
to $23.6 billion towards $10.5 billion in 2021.

Azerbaijan’s international commerce turnover in 2021 amounted to $33.9
billion, up by $9.4 billion (38.5 p.c) in comparison with 2020 ($24.4
billion). A complete of $22.2 billion accounted for export, which was
$8.4 billion (61.6 p.c) greater than in 2020.

The share of export in international commerce turnover in 2021 reached
65.48 p.c in comparison with 56.15 p.c a 12 months earlier.

Azerbaijan’s import quantity elevated on annual foundation by $975
million or over 9 p.c from $10.73 billion to $11.7 billion
in 2021. The share of import in international commerce turnover reached
34.52 p.c in comparison with 43.85 p.c in 2020.

In consequence, whereas remaining constructive, the international commerce stability
elevated on annual foundation by almost $7.5 billion or virtually 2.5
occasions to over $10.5 billion in 2021 in comparison with $3 billion in
2020.

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