Trade turnover between Azerbaijan and Russia exceeded USD 3 bln. last year
  • ECONOMY

  • 13:31 15 January 2020

Trade turnover between Azerbaijan and Russia exceeded USD 3 bln. last year

Last year, the volume of trade turnover between Azerbaijan and Russia was $ 3 022 046,0 thousand which is $ 471 13,93 thousand or 18,5% more in comparison to the related period of the previous year, according to the calculations of ONA based on the indicators published by State Customs Committee.

During the reporting period, volume of the export increased by $ 66 084,78 thousand or 9,9% and amounted to $ 731 826,2 thousand. While volume of import increased $ 405 055,15  thousand or by 21,5% and amounted at $ 2 290 219,8 thousand. As it is shown, according to the results of 2019, import exceeded export by 3.1 times.

During the reporting period, negative trade balance was $ 1 558 393,6 thousand and this indicator $ 338 970,37 thousand or 27,8% more in comparison with 2018.

ONA

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