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Russia-Azerbaijan Trade Turnover Hits $3bn

  • 20 Jan 10:38

Russia-Azerbaijan Trade Turnover Hits $3bn The trade turnover between Azerbaijan and Russia increased by 18.5 percent in 2019 year-on-year to reach $3.022 billion, the State Customs Committeetoldlocal media. The country now accounts for 50 percent of Russia’s trade with the South Caucasus region, the customs agency said. According to data provided by theState Customs Committee, the share of trade operations with Russia accounted for 9.07% of Azerbaijan’s total foreign trade turnover in 2019. During the reporting period, the volume of export of Azerbaijani products to Russia amounted to $731.8 million (a 9.9% increase), while Russia exported products worth $2.29 billion to Azerbaijan. This is. Read more...

Russian Exports to Azerbaijan up 12.5% in 2018

  • 4 Apr 09:48

Russian Exports to Azerbaijan up 12.5% in 2018 Russian exports to Azerbaijan have increased by 12.5% in 2018, rising to $1.7 billion, while trade turnover between the countries climbed 13.8% to $2.4 billion, according to the files released by theRussian Export Center(REC). “Azerbaijan is a modern, fast-paced country. That attracts Russian companies to implement joint economic projects. Over 750 joint companies run operations on Azerbaijan’s market, of which around 300 have 100% Russian capital and more than 450 are in joint-venture format,” Director General of the Russian Export Center Andrey Slepnev told state-run news agencyTASS. He said that persistent efforts are made towards. Read more...