Azerbaijan increasing trade turnover with Israel

The Azerbaijani State Customs Committee has announced that Azerbaijan significantly boosted its trade volume with Israel, reaching $1.150 billion from January to July 2024, reflecting a 36.8 per cent increase compared to the same period last year.

The mutual trade volume between Azerbaijan and Israel reached $1.150 billion from January to July 2024, marking a 36.8 per cent increase compared to the same period last year, Caliber.Az reports.

According to the statistics, Azerbaijan's exports to Israel in the first seven months of 2024 grew by 36.9 per cent, totaling $1.132 billion. 

The share of exports in the overall trade volume was 7.03 per cent, compared to 3.98 per cent in January-July of 2023. Meanwhile, imports from Israel increased by 31.1 per cent, reaching $17.7 million.

The share of imports in the total trade volume was 0.16 per cent, up from 0.14 per cent during the same period in 2023.