Azerbaijan: Foreign trade turnover hits $11.7 billion in 2020
According to the State Statistics Committee, the volume of Azerbaijan's foreign trade turnover amoun…According to the State Statistics Committee, the volume of Azerbaijan's foreign trade turnover amounted to $11.7 billion in the first six months of 2020.The value of exported goods amounted to 57.5 percent or $5.6 billion from the trade turnover, while the value of imported goods amounted to 42.5 percent or $4.9 billion. This resulted in the surplus of $1.7 billion.
Foreign trade turnover decreased by 30.3 percent in actual prices and by 20.5 percent in real terms, compared to the same period last year. In addition, imports decreased by 42.8 percent, while export by 4.6 percent.
Italy topped the list of countries importing Azerbaijani goods with the value of exports to this country amounting to $2.4 billion in 2020.
The top five countries exporting Azerbaijani products were Italy, with 32 percent of exports, Turkey, with 19.2 percent, Russia with 5 percent, Israel with 4.2 percent and India with 3.7 percent. Georgia accounts for 1 percent of Azerbaijan's total export volumes.