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Azerbaijan’s Trade Turnover Tops $19b

Azerbaijan's trade transactions with foreign countries reached $19.8 billion, reports Huseyn Pashayev, an official at Azerbaijan's Ministry of Economic Development.

Speaking to a German-Azerbaijani business forum in Baku, Pashayev noted: "The share of exports in this [accounted for] $14.5 billion, while imports totaled $5.3 billion."

Pashayev said bilateral trade between Azerbaijan and Germany reached $936 million during the reporting period.

He added that credit investments in the Azerbaijani economy saw a nearly 15-fold growth in the last eight years, while capital investment increased 3.7-fold. Exports increased more than 10-fold, with investments in the non-oil sector of the country also reaching almost the same increase.

Source: Azertag

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