Baku: Azerbaijan’s trade turnover with China increased by more than 7% in the first quarter of this year, with trade operations between the two countries amounting to $1.103 billion, the State Customs Committee told APA-Economics.
According to Azeri-Press news agency, this is a 7.3% increase compared to the same period last year. During this period, trade turnover with China accounted for 11.73% of Azerbaijan’s total trade turnover.
In the first quarter, Azerbaijan exported products worth $29.059 million to China, marking a 25.2% annual increase. These exports accounted for 0.54% of the country’s total exports.
During the reporting period, imports from China to Azerbaijan reached $1.074 billion, which is a 6.9% increase year-on-year. Imports from China constituted 26.83% of Azerbaijan’s total imports.
China remains Azerbaijan’s third-largest trading partner.