Azerbaijan-Russia Trade Down 17% in 2012

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Azerbaijani-Russian trade turnover fell 17.3 percent last year to $2.34 billion, Azerbaijan’s State Customs Committee said on Monday.

Azerbaijan’s exports to Russia dropped 19.2 percent (to $959,838,000), and its imports were down 16 percent ($1.38 billion).

Azerbaijan’s negative trade balance was over $418 million in 2012, compared to $453.2 million in 2011.

Russia accounted for 4.1 percent of Azerbaijan’s total export and 14.28 percent of its import in 2012.

 

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