Italy is No. 1 trade partner of Azerbaijan
Italy ranked first in the list of Azerbaijanís foreign trade partners in January-July 2016 with a trade turnover of almost $1.1 billion, which makes 11.71 percent of Azerbaijanís total foreign trade, said a report of Azerbaijanís State Customs Committee.
Italy is followed by Russia with $1.06 billion (11.36 percent), Turkey with $791 million (8.46 percent), Germany with $575.4 million (6.16 percent) and France with $428.05 million (4.58 percent).
The share of these countries in Azerbaijanís total trade turnover is 42.27 percent.
Italy also had the lionís share Ė $885.7 million (19.3 percent) Ė of Azerbaijanís total exports in January-July 2016. Meanwhile, Taiwan with $402.9 million (8.78 percent), Germany with $364.8 million (7.95 percent), France with $344.76 million (7.51 percent) and Israel with $269.4 million (5.87 percent) are also holding the leading positions in terms of Azerbaijanís exports.
These countriesí share in Azerbaijanís total exports is 49.41 percent.
In January-July 2016, Russia led the top five countries in terms of imports to Azerbaijan with $849.15 million or 17.85 percent of total imports. Turkey with $612.2 million (12.87 percent), China with $325.2 million (6.84 percent), the United Kingdom with $324.65 million (6.82 percent) and the US with $280.6 million (5.9 percent) are following Russia.
The specific weight of these countries in Azerbaijanís total imports is 50.28 percent.
During the period, Azerbaijan exported goods worth $4.6 billion and imported goods worth $4.76 billion.