CBA says foreign economic operations had positive balance on oil-gas sector, negative balance on non-oil sector, during January-September, 2012. 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 $ 17.7 bln.
Payment surplus on current transactions made $11.5 bln. Oil sector surplus covered up the $6.3 bln-deficit of current account on non-oil sector.
Main indexations of payment balance (mln. USD)
|
|
2011, 9 months |
2012, 9 months |
|
I. Balance of current 14, 424.0 11,518.2 transaction account Foreign trade balance 19,604.2 17,506,0 Services balance - 2,008.7 - 2,377.4 Income balance - 3,703.4 - 3,431.5 - Repatriation of investment balance - 3,984.6 - 3,655.0 Current transfers balance 531.9 - 178.9
II. Balance of activity of Direct investments 638.3 870.5 - Borrowed 3,108.3 3,972.7 - Directed to abroad - 360.7 - 926.1 - Investment repatriation - 2,109.3 - 2,176.1 Credits and other investments - 4,648.9 - 7,912.4 Oil bonus 20.0 2.0
II. Total balance of |
||
Foreign trade turnover made $ 32.1 bln and foreign trade balance completed with positive balance of $ 17.5 bln. Azerbaijan had trade contacts with 151 countries, during the same period. 9.1% of foreign trade fell to share of CIS countries, 90.8% - of foreign countries.
Commodity export made $ 24.8 bln during the same period, down 7.6% from previous year. Oil productions made 94.5% of exported goods. $22.52 bln-oil products were exported to foreign countries. Of this, $1.2 bln was oil processing products, $21.3 bln – crude oil. $20.1 bln of exported oil is the worth of oil produced by Azerbaijan International Operation Company. $1.2 bln of exported crude oil was sent to foreign countries by other ventures. Of this, $89.8 mln is for condensate produced from Shahdeniz field, $1.1 bln – by SOCAR.
Note that non-oil export rose 21.6% to $ 1,360.6 mln.
(mln. dollar)
|
Structure of export |
||
|
|
2011, 9 months |
2012, 9 months |
|
Fuel and raw products |
26,139.7 |
23,882.5 |
|
- oil and gas products |
25,713.2 |
23,442.5 |
|
-Other raw |
426.5 |
440.0 |
|
Machine and equipments |
132.1 |
302.1 |
|
Consumer goods |
530.9 |
596.2 |
|
Other goods |
29.2 |
22.3 |
|
Total |
26,831.9 |
24,803.1 |
The commodity import made $ 7.3 bln during the same period, up 1% from a year earlier. Consumer goods import made $ 3,067.6 mln. $ 873.0 mln of this was foodstuffs.
(mln. dollar)
|
Structure of import |
||
|
|
2011, 9 months |
2012, 9 months |
|
Consumer goods |
2,752.2 |
3,067.6 |
|
- Food products |
909.1 |
873.0 |
|
- Non-food productions |
1,843.1 |
2,194.6 |
|
Investment goods |
608.8 |
696.1 |
|
Other goods |
3,866.7 |
3,533.3 |
|
Total |
7,227.7 |
7,297.0 |
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