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Positive balance of BOP drops 2.5 times in Azerbaijan

29 March 2013 14:58 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. CBA says foreign economic operation had positive balance on oil-gas sector, negative balance on non-oil sector during 2012.

According to APA-Economics, 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 $ 23.2 bln.

Payment surplus on current transactions made $14.9 bln, including surplus of current account on oil-gas sector made 8.5 bln USD.

Main indexations of payment balance (mln. USD)

(mln. USD)

2011

2012

I. Balance of current 17 146.1 14 916.3

transaction account

Foreign trade balance 24 328.4 22 216.6

Services balance -2 995.8 -2 923.8

Income balance -4 859.8 -3 326.5

-Repatriation of investment balance -5 148.8 -4 518.9

Current transfers balance 673.3 -50.0

II. II. Balance of activity of -4 789.9 -9 960.7
capital and finance

Directly investments                       912.6                                 810.4
- Borrowed                                      4 443.9                             5 289.4
- Directed to abroad                        -554.0                               -1 194.2
- Investment repatriation                 -2 977.3                            -3 284.8
Credits and other investments          -5 722.5                             -10 773.15

III. Total balance of payment balance 12 356.2 4 955.6

Foreign trade turnover made $ 43.1 bln and foreign trade balance completed with positive balance of $ 22.2bln. Azerbaijan had trade contacts with 157 countries, during the same period.

Commodity export made $32.6 bln during the same period. Oil productions made 94.1% of exported goods.

(mln. USD)

Structure of export
	2011	2012
Fuel and raw products	33 435.6	31 260.5
- oil and gas products	32 817.0	30 700.5
-Other raw	564.6	560.0
Machine and equipments	177.7	380.0
Consumer goods	841.1	968.2
Other goods	40.5	25.3
Total	34 494.9	32 634.0

The commodity import made $ 10.4 bln during the same period. Consumer goods import made $ 4 375.9 mln. $ 1 303.6 mln of this was foodstuffs.

(mln. doll.)

Structure of import
	2011	2012
Consumer goods	3 884.1	4 375.9
- Food products	1 267.7	1 303.6
- Non-food productions	2 616.4	3 072.3
Investment goods	1 008.4	961.8
Other goods	5 274.0	5 079.8
Total	10 166.5	10 417.5