Bank Of Baku

Positive balance of foreign trade turnover increases

Positive balance of foreign trade turnover increases
# 18 April 2012 12:35 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. State Statistical Committee says that the volume of trade operations with 111 countries in January-February, 2012.

SSC says foreign trade turnover made $ 7,406.1 mln, which $ 1,333.5 mln of this was import, $ 6,072.6 mln – export. Consequently, positive balance made $ 4,739.1 mln.

The export operations rose 79.1%, import increased by 0.4%, foreign trade turnover – by 57% and positive balance – by 2.3 times compared to a year ago.

Export of non-oil products made $ 222.7 mln, up 6.6% from previous year.

More than 4/5 part of foreign trade operations were conducted with Italy, Germany, France, Indonesia, Russia, Israel, Turkey, US, Bulgaria, Singapore, India, Ukraine, Georgia, China and Taiwan.
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