BAKU, January 22. /TASS/. Trade turnover between Azerbaijan and Russia reached $4.799 bln in 2024, according to the website of the State Customs Committee of Azerbaijan.

In 2023, the trade turnover between the two countries amounted to $4.358 bln. Thus, the growth for the year amounted to 10.1%.

According to the State Customs Committee, exports of Azerbaijani products to Russia fell by 1.5% and amounted to $1.178 bln in 2024, while imports of goods from Russia rose by 14.5% to $3.621 bln.

According to the report, by the end of 2024 Russia ranked third among the trading partners of Azerbaijan after Italy and Turkey. Trade with Russia accounted for 10.08% of the country’s foreign trade turnover during this period.