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Home»NEWS»Azerbaijan discloses overseas commerce turnover for 1Q2023
NEWS

Azerbaijan discloses overseas commerce turnover for 1Q2023

Mirza ShehnazBy Mirza ShehnazApril 14, 2023No Comments1 Min Read
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BAKU, Azerbaijan, April 14. Azerbaijan’s
overseas commerce turnover elevated by $863.1 million (7.91 %)
from January by way of March 2023 in comparison with the identical interval of the
earlier yr, from $10.9 billion to $11.7 billion, Trend stories by way of
Azerbaijan’s State Customs Committee.

According to the committee, out of the full overseas commerce
turnover, exports accounted for $7.7 billion, which is $239.59
million (three %) lower than the identical interval final yr. The
share of exports within the overseas commerce turnover totaled 65.77
% towards 73.17 % a yr earlier.

Azerbaijan’s imports within the first quarter of this yr elevated
by $1.1 billion (37.67 %), from $2.9 billion to about $4
billion. The share of imports in overseas commerce turnover amounted to
34.23 % towards 26.83 % a yr earlier.

As a end result, within the reporting interval, the steadiness of overseas
commerce turnover, remaining constructive, decreased by greater than $1.3
billion (26.56 %) on annual foundation, to $3.7 billion towards $5
billion in the identical interval of the earlier yr.

In 2022, Azerbaijan’s overseas commerce turnover totaled $52.6
billion, rising by $18.7 billion (55.36 %) on annual
foundation.

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Mirza Shehnaz

Shehnaz Ali Siddiqui is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing around Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.

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