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Russia ranked third in list of Azerbaijan's main trading partners

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Russia ranked third in list of Azerbaijan's main trading partners

Russia has become one of the three main trade partners of Azerbaijan. According to the State Customs Committee of this country, trade turnover in the first half of 2021 amounted to $ 1.3 billion - this is 3.7% more than in the same period last year.

Azerbaijani exports to Russia totaled some $420 million from January to June. This is 9.9% less than last year, and imports from Russia - $924 million (plus 1.1%).

Thus, Russia ranked third among Azerbaijan's trade partners. Operations during this period accounted for 9.45% of the total foreign trade turnover of Azerbaijan. The first two places were taken by Italy and Turkey.

At the same time, Russia leads among the countries from which Azerbaijan imports products, it accounted for 17.14% of all goods imported by the republic in January - June.

It should be reminded that in 2020 the dynamics in trade relations between the countries was negative. At the end of the year, the trade turnover between the countries decreased by 11.6% and amounted to $2.671 billion. The share of trade operations with Russia last year amounted to 10.92% of the total foreign trade turnover of Azerbaijan.

Made in Russia / Made in Russia

Author: Maria Buzanakova

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