MOSCOW TIME: 20.10.2019 03:52:12

Export/Import

Trade between Azerbaijan, Russia grows 21,4%

Trade between Azerbaijan, Russia grows 21,4%

The trade turnover between Azerbaijan and Russia  amounted to $1.381 billion in January-June 2019 which recorded an increase by 21.4 percent compared to the same period of 2018.

The trade turnover between two countries exceeded $2.5 billion in 2018.

The share of trade operations with Russia accounted for 8.13 percent of the total foreign trade turnover of Azerbaijan within the first half of 2019, the State Statistical Committee of Azerbaijan informed local media

In this period, the volume of Azerbaijani exports products to Russia amounted to $377.454 million (an increase by 8.1 percent).

Russia imported foodstuffs and agricultural raw materials worth $526.1 million, mineral products for $103.6 million, textiles and their products, and shoes for $35.9 million in 2018.

In general, deliveries to Russia accounted for 3.78 percent of Azerbaijani exports in January to June 2019.

Imports of Russian products to Azerbaijan made up $ 1.004 billion (an increase of 27.4 percent). In the total volume of imports of goods to Azerbaijan, the share of deliveries from Russia accounted for 14.31 percent.

In 2018, Russian exports to Azerbaijan were mainly food products and agricultural raw materials ($422.1 million) machinery, equipment and vehicles ($381.6 million), metals and products from them ($315.9 million) wood and pulp-paper products ($238.1 million) as well as chemical products and rubber ($198 million).

Azerbaijan is one of the main economic partners of Russia among the CIS countries and Russia remains one of Azerbaijan’s main foreign trade partners. Interregional cooperation plays an important role in the development of Russian-Azerbaijani trade and economic relations and the increase in trade turnover. Moreover, Russia ranks first in terms of export of non-oil products from Azerbaijan.

Source:www.azernews.az

:

Trade Export Azerbaijan Russia

Share this:

Share this Share this Share this

NEWS


26.09.2019 Vietnam-Russia Bilateral Ties Deepen, Boost Investment

Russia was one of the first countries to establish diplomatic relations with Vietnam, laying the groundwork for a strong bilateral and economic relationship between the countries.

04.09.2019 Russias trade turnover with African states up 17% in 2018

Russias trade turnover with the African states increased by more than 17% in 2018 to $20.4 bln. A representative of the Russian Foreign Ministry told TASS that the majority of...

21.08.2019 Taiwanese delegation to promote agriculture in Russia

A Council of Agriculture-led delegation from Taiwan is to travel to Moscow on Wednesday next week to take part in a two-day promotion of Taiwanese agricultural products.

EVENTS


16.09.2020 Mining and Metals Central Asia 2020

Mining and Metals Central Asia is a professional platform to demonstrate achievements of Kazakhstani and foreign manufacturers of equipment, services, and developments in the field...

16.09.2020 Kazcomak 2020

Kazakhstan International Road and Heavy construction, Communal machinery exhibition

INTERVIEWS


18.04.2018 Pskov State University Increases Its International Student Body Thirty...

Higher education can be a profitable export business, provided the system is built correctly and qua...

FEA Education


03.05.2017 Anna Trubetskaya: "Business should be built on Russians"

About the models of business development in another country and professional secrets is told by a practicing expert on work in international markets Anna Trubetskaya

Our partners