Finance

Finance

Azerbaijanâ€™s positive balance of payment increases by $ 26 bn

13 December 2011 09:20 (UTC +04:00)

CBA says foreign economic operations on oil gas sector were positive balance, non oil sector - negative balance during January-September. 2011. Generally, positive balance on oil gas sector made $ 20.4 bln in January-September, 2011.

Payment surplus on current transactions made $ 14.4 bln, as well surplus of current account on oil-gas sector made $ 20.2 bln.

Key indicators of payment balance

(mln. dollar)

2010, 9 months

2011, 9 months

I. Balance of current
operation
Foreign trade balance
Services balance
Income balance
- repatriation of investment incomes Current transfers balance

II. Balance of activity of
capital and finance
Direct investments
- Involved to Azerbaijan
- directed to abroad
- Repatriatin of investments
Credits and other loans
Oil bonus

III. Total balance of payment balance

11 977,1
15 417,7
- 1 152,0
- 2 685,6
- 2 216,1
397,0

- 3 673,0
325,8
2 271,9
- 170,4
- 1 775,7
- 3 998,8
-

8 304,1

14 424,0
19 604,2
- 2 008,7
- 3 703,4
- 3 533,6
531,9

- 3 990,6
638,4
3 108,3
- 346,3
- 2 123,6
- 4 649,0
20,0

7 549,9

Foreign trade turnover made $ 34.1 bln and foreign trade balance completed with positive balance of $ 19.6 bln. Azerbaijan has trade contacts with the 148 more countries, during the same period.

Commodity export made $ 26.8 bln during the accounting period. Oil productions made 95.8% of exported goods. $24.7 bln-oil products were exported to the foreign countries, $ 1.3 bln of exported goods was oil products, $ 23.4 bln â€“ crude oil. $ 22.3 bln-exported crude oil was the total amount of oil extracted by Azerbaijan International Operation Company. $ 1.1 bln exported crude oil was sent to abroad by other enterprises. Of this, $ 71.6 mln came from Shah Deniz, $ 1,055.4 mln â€“ from SOCAR.
Note that, non-oil export rose 14.8% to $ 1,118.7 mln.

(mln. dollar)

Structure of export
	2010, 9 months	2011, 9 months
Fuel and raw products	19,301.1	26,139.7
- oil-gas products	19,105.6	25,713.2
-other raw	195.5	426.5
Machine and equipments	287.2	132.1
Consumption goods	479.3	530.9
Other goods	12.6	29.2
total	20,080.2	26,831.9

The commodity import made $ 7.2 bln during the same period. Consumer goods made $ 2,752.2 mln, $ 909.1 mln of this was foodstuffs.

(mln. dollar)

Structure of import
	2010, 9 months	2011, 9 months
Consumption goods	2,105.2	2,752.2
- food products	727.2	909.1
- non-food products	1,378.0	1,843.1
Investment goods	477.3	608.8
Other goods	2,080.1	3,866.7
total	4,662.5	7,227.7