The Messenger, Georgia
Dec 5 2007
Azerbaijan nets positive trade balance, Armenia negative
By M. Alkhazashvili
(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.
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