Azerbaijan, Kazakhstan report surge in trade turnover

The trade turnover between Kazakhstan and Azerbaijan amounted to over $162 million in the first three months of 2024, making a 31.6 percent growth compared to the same period last year, News.Az reports citing the Bureau of National Statistics.

Exports to Azerbaijan dominated trade turnover, at $151.4 million, or 46.8 percent more than in January-March 2023.

Furthermore, imports from Azerbaijan fell by 44.7 percent during the aforementioned period, totaling $11.3 million. From January through March 2023, imports totaled $20.5 million.

Meanwhile, trade turnover between Kazakhstan and Azerbaijan reached $529.4 million in 2023. The volume of trade turnover increased by 14.2 percent from the same time in 2022 ($463.3 million).

At the same time, in terms of trade turnover, exports to Azerbaijan totaled $456.3 million over the aforementioned period, which is 21.6 percent higher than from January through December 2022.

In addition, imports from Azerbaijan from January through December 2023 decreased by 17.3 percent and amounted to $73 million. In 2022, imports amounted to $88.3 million.

News.Az