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Positive balance of BOP increases sharply in Azerbaijan

13 December 2010 13:02 (UTC +04:00)

CBA says foreign economic operation had positive balance on oil-gas sector, negative balance on non-oil sector, during the 3 quarters of 2010. Total incomes are formed on the accounts of export of oil and gas and foreign capital invested in this sphere. Total positive balance on oil-gas sector made $ 15.3 bln.

Payment surplus on current transactions made $12 bln, including surplus of current account on oil-gas sector made 15.4 bln USD.

Main indexations of payment balance (mln. USD)

2009-cu il. 9 ay

2010-cu il. 9 ay

I.Balance of current transaction account                                7 090.9                                                 11 977.1
Balance of foreign trade                           10 068.5                                              15 417.7
Services balance                                      - 917.7                                               - 1 152.0
Incomes balance                                      - 2 538.0                                               - 2 685.6
- Repatriation of investment income           - 2 340.0                                               - 2 216.1
Balance of current trasfers                        478.1                                                    397.0

II. II. Balance of activity of
capital and finance                               - 6 156.7                                                  - 3 673.0
Directyl investments                                    96.1                                                      325.8
- Borrowed                                               2 104.9                                                    2 271.9
- Directed to abroad                                 - 225.9                                                     - 170.4
- Investment repatriation                          - 1 782.9                                                   - 1 775.7
Credits and other investments                   - 6 252.8                                                   - 3 998.8

III. Total balance of
payment balance 934.2 8 304.1

Foreign trade turnover made $ 24.7 bln and foreign trade balance completed with positive balance of $ 15.4 bln. Azerbaijan has trade contacts with the 140 more countries, during the same period.

Commodity export made $ 20.1 bln during the same period. Oil productions made 95.2% of exported goods.

(mln. USD)

Structure of export
	2009. January-September	2010. January-September
Fuel and raw products	14 180.0	19 301.1
- oil productions	14 018.0	19 105.6
-Other raw	162.0	195.5
Machine and equipments	214.8	287.2
Consumer goods	370.8	479.3
Other goods	24.5	12.6
Total	14 790.1	20 080.2

The commodity import made $ 4.7 bln during the same period. Consumer goods made $ 2 105.2 mln. $ 727.2 mln of this was foodstuffs.

(mln. USD)

Structure of import
	2009. January-September	2010. January-September
Consumer goods	2 020.1	2 105.2
- Food productions	609.9	727.2
- Non-food productions	1 410.2	1 378.0
Investment goods	564.3	477.3
Other goods	2 137.2	2 080.0
Total	4 721.6	4 662.5