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Azerbaijani-Russian trade turnover up 14.5% in 10M 2024

Exports of Azerbaijani products to Russia equaled $972.509 mln in the first ten months of this year, while imports from Russia totaled $2.97 bln

BAKU, November 21. /TASS/. Trade turnover between Azerbaijan and Russia amounted to $3.942 bln in January-October 2024, the State Customs Committee of Azerbaijan reported.

In January-October 2023, trade turnover between the two countries totaled $3.443 bln, which brings year-on-year growth to 14.5%.

Exports of Azerbaijani products to Russia equaled $972.509 mln in the first ten months of this year (up by 1.2% year-on-year), while imports from Russia totaled $2.97 bln (up by 19.7%), according to figures provided by the customs service.

Russia ranked third among Azerbaijan's trade partners in the period after Italy and Turkey, according to the report. The share of trade operations with Russia during this period accounted for 10.01% of the republic’s total foreign trade turnover.

In 2023, trade turnover between Azerbaijan and Russia increased by 17.5% compared with the previous year and amounted to $4.358 bln. The share of trade operations with Russia stood at 8.52% of Azerbaijan’s total foreign trade turnover last year.

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