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Azerbaijanâ€™s positive balance of payment reaches $ 5 bn

16 September 2010 08:23 (UTC +04:00)

CBA says foreign economic operations on oil gas sector were positive balance. non oil sector was negative balance during January-June. 2010. Generally, positive balance on oil gas sector made $ 9.9 bln in January-June. 2010.

Payment surplus on current transactions made $8 bln.

Main indexations of payment balance

(mln. dollar)

January-June. 2009

January-June. 2010

I. Balance of current
Operations                                            4 480.8                                                 7 961.2
Balance of foreign trade                           5 914.9                                            10 236.4
Services balance                                      - 600.2                                               - 775.8
Incomes balance                                       - 1 161.4                                            - 1 717.9
- Investment incomes repatriation             - 1 060.9                                            - 1 410.8
Current transfers balance                                327.4                                                 218.5

II. Balance of activity of
capital and finance                               -4 963.8                                                 -2 954.8
Directly investments                                   93.9                                                    156.5
- Borrowed                                              1 519.0                                                  1 460.1
- Directed to abroad                                 - 143.7                                                   - 110.6
- investments repatriation                      - 1 281.4                                                - 1 193.0
Loans and other investments                  - 5 057.7                                                - 3 111.3

III. Total balance of
payment balance - 483.0 5 006.4

Foreign trade turnover made $ 16.1 bln and foreign trade balance completed with positive balance of $ 10.24 bln. Azerbaijan has trade contacts with the 130 more countries. during the same period.

Commodity export made $ 13.2 bln during the first half-year. 2010. Oil productions made 94.7% of exported goods.

(mln. dollar)

Structure of export
	January-June. 2009	January-June. 2010l
Fuel and raw products	8 527.7	12 627.4
- oil productions	8 438.3	12 489.4
-Other raw	89.4	138.0
Machine and equipments	67.6	223.7
Consumer goods	242.2	332.7
Other goods	6.0	8.2
Total	8 843.5	13 192.0

The commodity import made $ 3 bln during the same period. Consumer goods made $ 1 306.8 mln. $ 485.7 mln of this was foodstuffs.

(mln. dollar)

Structure of import
	January-June. 2009	January-June. 2010
Consumer goods	1 305.7	1 306.8
- Food productions	433.6	485.7
- Non-food productions	872.6	821.1
Investment goods	320.7	296.8
Other goods	1 302.2	1 352.1
Total	2 928.6	2 955.7