Azerbaijan has increased surplus in foreign trade

In Jan.-Feb. 2010, positive balance of Azerbaijan's foreign trade amounted to $1.64 billion which is 1.8 times more compared to same period last year, the State Statistics Committee said.

In the report period, exports amounted to $1.428 billion and imports - $363 million. Compared with Jan.-Feb. 2009, exports increased by 15.8 percent while imports decreased by 84. 2 percent.

Crude oil made up roughly 85.18 percent, oil products - 5.34 percent,  vegetable and animal oil - 1.24 percent, ferrous metals and articles thereof  - 0.49 percent,  fruits and vegetables – 0.38 percent,  chemicals - 0,21 percent,  soft and alcoholic drinks -  0.1 percent,  cotton - 0.03 percent, aluminum and its products – 0.03 percent and  tobacco and tobacco products  0.02 percent of the exports.

Machinery, electrical equipment and spare parts made up  27.24 percent, food products - 19.31 percent, vehicles - 13.08 percent, ferrous metals and articles thereof - 8,71 percent, pharmaceutical products – 1.92 percent, furniture – 1.12 percent and consumer goods made up 0.77 percent of the imports.

Azerbaijan held main part of export operations with France (38.82 percent) and main part of import operations with Russia (18.6 percent) in Jan.-Feb. 2010.


/Interfax Azerbaijan/