Azerbaijan boosts trade turnover with Saudi Arabia | Eurasia Diary - ednews.net

15 August, Saturday


Azerbaijan boosts trade turnover with Saudi Arabia

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Azerbaijan increased trade turnover with Saudi Arabia in the first half of 2020, local media reported with reference to State Customs Committee on July 29, EDNews.net reports citing AzerNews.

In the reporting period, Iran, United Arab Emirates and Saudi Arabia were top three Gulf countries with which Azerbaijan conducted most trade transactions during the reporting period.

Azerbaijan’s trade transaction with Saudi Arabia during the reporting period increased, reaching $6.3 million. However, trade transaction with Iran and United Arab Emirates decreased and amounted to $155.5 million and $20 million respectively.

Moreover, these countries are also among the three Gulf countries for Azerbaijan’s import.

Thus, imports from Iran amounted to $137.4 million, from the United Arab Emirates to $14.4 million, and from Saudi Arabia to $5.4 million. Import operations with these countries have decreased compared to the same period last year.

Earlier, it was reported that Italy topped the list of countries importing Azerbaijani goods with the value of exports to this country amounting to $2.4 billion in 2020.

Turkey and Russia were next in the list of countries importing Azerbaijani goods in the first half of 2020.

During the reporting period, among Spanish-speaking countries, the largest amount of goods were exported to Spain from Azerbaijan worth $129 million.

The country’s overall foreign trade turnover amounted to $9.8 billion in the first half of 2020, with a surplus of $41.5 million.

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