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Positive balance of BOP quadruples in Azerbaijan

30 March 2011 12:50 (UTC +04:00)

CBA says foreign economic operation had positive balance on oil-gas sector, negative balance on non-oil sector, during 2010. Total incomes are formed on the accounts of export of oil and gas and foreign capital invested in this sphere. The payments on this sector reflect repatriation of profit and investments, import of equipments and services. Total positive balance on oil-gas sector made $ 19.5 bln.

Payment surplus on current transactions made $15 bln, including surplus of current account on oil-gas sector made 19.9 bln USD.

Main indexations of payment balance (mln. USD)

(mln. USD)

2009

2010

I.Balance of current transaction account 10 172.8 15 039.6

Foreign trade balance                                14 582.9                                              19 730.4
Services balance                                      -1 612.6                                                -1 732.9
Income balance                                        -3 519.2                                                -3 467.0
- Repatriation of investment balance          -3 152.6                                               -3 052.4
Current transfers balance                           721.7                                                   509.1

II. II. Balance of activity of
capital and finance -7 481.8 -4 578.4

Directly investments                                   146.2                                                     329.1
- Borrowed                                                2 899.0                                                   3 347.3
- Directed to abroad                                    -326.1                                                    -232.0
- Investment repatriation                           -2 426.7                                                  -2 786.2
Credits and other investments                  -7 628.0                                                  -4 907.5

III. Total balance of
payment balance 2 691.0 10 461.2

Foreign trade turnover made $ 33.2 bln and foreign trade balance completed with positive balance of $ 19.7 bln. Azerbaijan had trade contacts with 140+ countries, during the same period.

Commodity export made $ 26.5 bln during the same period. Oil productions made 94.9% of exported goods.

(mln. USD)

Structure of export
	2009	2010
Fuel and raw products	20 217.3	25 398.6
- oil and gas products	19 969.3	25 107.5
-Other raw	247.8	2911
Machine and equipments	257.0	336.1
Consumer goods	594.3	725.6
Other goods	28.2	15.7
Total	21 096.8	26 476.0

The commodity import made $ 6.746 bln during the same period. Consumer goods import made $ 2 954.3 mln. $ 1 050.4 mln of this was foodstuffs.

(mln. doll.)

Structure of import
	2009	2010
Consumer goods	2 587.0	2 954.3
- Food products	826.7	1 050.4
- Non-food productions	1 760.3	1 903.9
Investment goods	773.3	689.0
Other goods	3 153.6	3 102.3
Total	6 513.9	6 7456