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Azerbaijan sees foreign trade surplus declined fivefold

Azerbaijan sees foreign trade surplus declined fivefold

21 December 2009 14:30 (UTC +04:00)

Baku. Rashad Suleymanov â€“ APA-Economics. Azerbaijanâ€™s foreign trade surplus during January-November totaled $7.7 billion with exports of $13.2 billion and imports of $5.4 billion, said the State Customs Committee.

The trade surplus was 5-fold down from a year ago.

As against the same period last year, exports declined by 71.97% and imports by 16.17% year-on-year.

$26.2 million worth of humanitarian goods and technical assistance were brought to the country.

Oil and oil products accounted for the bulk of the exports.

The countryâ€™s main trade parters in exports are italy (26.2%), the United States (12.09%), France (8.38%) and in imports are Russia (17.73%), Turkey (14.52%) and Germany (9.21%).

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