19 января 2024 — 14:00
By the end of 2023, the trade turnover between Azerbaijan and Russia amounted to $4,358 billion, which is 17.5% more than in 2022.
This was reported by the State Customs Committee of Azerbaijan (SCC), TASS writes.
According to the committee, in 2023, exports of Azerbaijani products to Russia amounted to $1.196 billion, an increase of 22.7%, and imports of goods from Russia - $3.162 billion (an increase of 15.6%).
According to the SCC, Russia ranked third among Azerbaijan's trade partners after Italy and Turkey at the end of the year. The share of trade operations with Russia during this period accounted for 8.52% of the republic's foreign trade turnover, the committee reports.
By the end of 2022, the trade turnover between Azerbaijan and Russia increased by 23.9% compared to 2021 and reached $3.71 billion. The share of trade operations with the Russian Federation last year amounted to 7.04% of Azerbaijan's total foreign trade turnover.