Negative trade balance between Azerbaijan and Russia decreases by 14%

Negative trade balance between Azerbaijan and Russia decreases by 14%
  • Clock-gray 12:18
  • calendar-gray 15 September 2020

In January-August of the current year, the volume of trade turnover between Azerbaijan and Russia amounted to 1,71 bln. and this is 6,3% less than compared to the same period of the previous year, according to the calculations conducted by APA-Economics based the figures published by State Statistics Committee. 

During the reporting period, the volume of export increased by 1,2% to USD 463,31 mln., the volume of imports increased by 8,8% to USD 1,25 bln.

During the reporting period, the Negative balance of trade amounted to USD 786,03 mln. and this is 13,9% less than compared to the same period of 2019.

 

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