Azerbaijan's trade turnover with Kazakhstan grows fourfold since January

Trade turnover between Azerbaijan and Kazakhstan from January through November 2022 amounted to $549.8 million, which is an increase of 396.6 per cent from $110.7 million recorded a year earlier.

At the same time, trade turnover with Kazakhstan in the reporting period of 2022 accounted for 10.28 per cent of Azerbaijani trade turnover with the CIS countries, Trend reports citing the State Customs Committee of Azerbaijan.

According to the data provided by the State Customs Committee, Azerbaijani exports to Kazakhstan accounted for $90.4 million, which constitutes a staggering increase of 152 per cent from the $35.8 million level recorded in 2021.

Meanwhile, the imports from Kazakhstan to Azerbaijan totalled $459.3 million. Compared to the 2021 figures of $74.8 million, Kazakhstan imported 513 per cent more goods and services to Azerbaijan.

From January to November 2022 the balance of foreign trade turnover of Azerbaijan remained positive and increased year-on-year by more than $14.064 billion, or more than doubled to $23.454 billion against $9.389 billion in January through November 2021.