Azerbaijan-Russia Trade Up 19% Year-on-Year To $2.55Bln In 2018 - Customs Service

Azerbaijan-Russia Trade Up 19% Year-on-Year to $2.55Bln in 2018 - Customs Service

Trade between Azerbaijan and Russia amounted to $2.55 billion in 2018, showing a 19.1 percent increase on a year-on-year basis, the State Customs Committee of Azerbaijan said Thursday

MOSCOW (Pakistan Point News / Sputnik - 17th January, 2019) Trade between Azerbaijan and Russia amounted to $2.55 billion in 2018, showing a 19.1 percent increase on a year-on-year basis, the State Customs Committee of Azerbaijan said Thursday.

"The turnover between Azerbaijan and Russia in 2018 amounted to $2,550,906,070, which is 19.1 percent more than in 2017. In 2018, exports of Azerbaijani products to Russia amounted to $665.7 million, or 13.4 percent more than the previous year, and imports from Russia stood at $1.885 billion, which is 21.3 percent more than in 2017," the agency said.

According to Azerbaijan's customs committee, Russia ranks third among Azerbaijan's trade partners, after Italy and Turkey. The share of trade operations with Russia in 2018 accounted for 8.25 percent of the total foreign turnover of Azerbaijan.

At the same time, Russia is the leader among the countries from which Azerbaijan imports products, and in 2018, Russia accounted for 16.44 percent of all goods imported by Azerbaijan.