Azerbaijan nets positive trade balance, Armenia negative
By M. Alkhazashvili
(Translated by Diana Dundua)
(Translated by Diana Dundua)
Wednesday, December 5
Between January and October, 2007, Azerbaijan’s foreign trade turnover totaled USD 9.2 billion. Exports reached USD 4.5 billion and imports USD 4.4 billion, showing a positive trade balance of USD 398 million.
According to the Russian news agency Regnum, turnover during this period between Russia and Azerbaijan totaled USD 1.2 billion, with exports from Azerbaijan to Russia increasing by 70.3 percent.
The same period saw Armenia’s trade turnover rising by 37.5 percent compared with 2006 to total USD 3.5 billion. Of this, USD 939.4 million came from exports (up 18.6 percent) and USD 2.5 billion from imports (a 46.2 percent rise).
Armenia posted a negative trade balance of USD 1.6 billion, with imports 2.6 times higher than exports.
Armenia’s turnover with the CIS states totaled USD 1.2 billion (33.2 percent of overall turnover), a 59.2 percent rise on the same period of 2006.
According to the Russian news agency Regnum, turnover during this period between Russia and Azerbaijan totaled USD 1.2 billion, with exports from Azerbaijan to Russia increasing by 70.3 percent.
The same period saw Armenia’s trade turnover rising by 37.5 percent compared with 2006 to total USD 3.5 billion. Of this, USD 939.4 million came from exports (up 18.6 percent) and USD 2.5 billion from imports (a 46.2 percent rise).
Armenia posted a negative trade balance of USD 1.6 billion, with imports 2.6 times higher than exports.
Armenia’s turnover with the CIS states totaled USD 1.2 billion (33.2 percent of overall turnover), a 59.2 percent rise on the same period of 2006.