The trade turnover between Azerbaijan and Russia increased by 17.1 percent in the first half of the year

The trade turnover between Azerbaijan and Russia increased by 17.1 percent in the first half of the year

In the first half of 2022, the trade turnover between Azerbaijan and Russia amounted to 1.57 billion dollars, which is 17.1% more than the same indicator last year.

“Report” reports that the State Customs Committee informed about this.

According to the Ministry, in January-June, the export of Azerbaijani products to Russia was 390.19 million dollars (6.8% less than last year), and the import of goods from Russia was 1.18 billion dollars (27.9% more than last year).

According to the committee, according to the results of the first half of the year, Russia took the third place among Azerbaijan’s trade partners after Italy and Turkey. During this period, the share of trade transactions with Russia was 6.33% of the total foreign trade turnover.

At the end of 2021, the trade turnover between Azerbaijan and Russia increased by 12.1% compared to the previous year and reached 2.99 billion dollars. Last year, the share of trade transactions with Russia was 8.83 percent of Azerbaijan’s total foreign trade turnover.

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