Azerbaijan, Russia trade turnover up by $11.2m

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Baku

Azerbaijan increased its trade turnover with Russia by $11.2 million, bringing the volume to $585.2 million in the first quarter of 2021, the State Customs Committee has reported.

Of the total turnover, the export of Azerbaijani products to Russia amounted to $135.3 million, while import from Russia to $449.8 million.

The trade turnover between the two countries amounted to $573.9 million in January-March 2020.

Russia was Azerbaijan’s main trade partner among CIS countries followed by Ukraine and Belarus. It was also Azerbaijan’s third-largest trade partner during the reported period.

Ukraine was Azerbaijan’s second-largest trade partner among the CIS countries with a trade turnover amounting to $222.4 million during the reported period, with an increase by $25.8 million. Of the total turnover, export from Azerbaijan to Ukraine amounted to $122.5 million, while import from Ukraine amounted to $99.8 million.

It should be noted that the trade turnover between the two countries amounted to $196.5 million in the first three months of 2020.—AzerNews

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