Bank Of Baku

Azerbaijan and Britain boost trade turnover this year

Azerbaijan and Britain boost trade turnover this year
# 21 February 2022 10:09 (UTC +04:00)

In January of this year, Azerbaijan's trade turnover with the United Kingdom amounted to 145.963 million USD, which is 6.1 times more than in January last year, APA-Economics reports citing the State Customs Committee

According to the information, in January, Azerbaijan's exports to the United Kingdom increased by 64.9 times year on year and made $ 127.386 million, which was due to oil exports (217,000 tons).

Thus, 98.6% of exports were crude oil, while imports decreased by 15.5% compared to the last year and amounted to $ 18.576 million dollars.

As a result, in January 2022, Azerbaijan had a $ 108,810 million positive trade balance with Great Britain.

In the same month last year, the balance was negative and amounted to 20,008 million. dollars.

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