Bank Of Baku

Azerbaijan's trade surplus shrinks nearly threefold in 2024

Azerbaijan
# 18 December 2024 09:25 (UTC +04:00)

In January-November 2024, Azerbaijan's foreign trade turnover decreased by 8.9% to 43 billion 109.55 million US dollars, APA-Economics reports citing Azerbaijan's State Customs Committee.

Over the past year, exports across the country decreased by 22.8% to 24 billion 337.86 million US dollars, while imports increased by 18.7% to 18 billion 771.69 million US dollars.

Although a positive balance of 5 billion 566.17 million dollars was created in foreign trade turnover, this is 2.8 times less than in the same period last year.

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