Azerbaijan and Russia increased trade turnover in January-November 2022 by almost 23%

16 December 2022

 

The trade turnover between Azerbaijan and Russia in the first 11 months of 2022 totaled $3.264 billion, which is 22.9% more than last year. This was reported by the State Customs Committee of Azerbaijan (SCC) on Friday.

 

According to the Committee, export of Azerbaijani goods to Russia totaled $859.3 mln in January-November (7.1% more compared to the last year), and import of goods from Russia - $2.405 bln (29.7% more compared to the same period last year).

 

According to the SCC, for 11 months Russia ranked third among the trade partners of Azerbaijan after Italy and Turkey. The share of trade operations with Russia during this period amounted to 6.63% of the total foreign trade turnover of the country.

 

In 2021, trade turnover between Azerbaijan and Russia increased by 12.1% compared to the previous year and reached $2.99 billion. The share of trade operations with Russia last year amounted to 8.83% of the total foreign trade turnover of Azerbaijan.

 

 

GSV "Russia - Islamic World"

Photo: Federation Council

Based on materials from TASS