Azerbaijan’s foreign trade surplus jumps to $6 bln

By AzerNews

The Azerbaijani State Customs Committee announced a decrease in the volume of foreign trade operations by 11.78 percent in January-May 2014 compared to the same period of 2013, the committee reported.

Azerbaijan's foreign trade partners for this period numbered 133 countries. The total trade turnover of Azerbaijan was estimated at $12.99 billion, the report reads.

Black ink worth $5.97 billion was formed in foreign trade operations.

Foreign trade surplus was $6.01 billion in the same period of last year, while $ 4.4 billion as of April 2014.

About 3,974 legal and physical entities were involved in foreign economic activities during this period, 2,758 being legal entities and 1,216 physical entities.

Export operations reached $9.48 billion in January-May which is 8.55 percent less compared to the same period of 2013.

The public sector share in export operations was estimated at $8.99 billion (94.8 percent), the private sector share - $446.58 million (4.7 percent) and physical entities' share- $50.77 million (0.54 percent).

Imports were estimated at $3.51 billion in January-May which is 19.46 percent less compared to the same period of 2013.

The public sector share in import operations was estimated at $956.11 million (27.4 percent), private sector share- $2.43 billion (69.2 percent) and physical entities share - $125.26 million (3.6 percent).

About 1,438 kinds of goods were exported from and 5,037 imported to Azerbaijan in January-May.