Baku, Azerbaijan, April 11. The trade
transactions between Azerbaijan and Serbia hit the ground running,
racking up a total of $47.9 million from January through February
2025.
The data obtained by Trend from the Azerbaijani State Customs Committee
indicates this figure’s year-on-year growth by $43.2 million (10.2
times).
In the specified reporting interval, the trade volume with
Serbia constituted 0.54 percent of the aggregate trade turnover of
Azerbaijan.
The export metrics from Azerbaijan to Serbia reached a valuation
of $46.5 million in the initial bi-monthly phase of this fiscal
year, reflecting an increase of $43.9 million, which translates to
a growth rate of 17.9 percent relative to the corresponding
timeframe of the previous year.
In the interim, Azerbaijan executed import operations totaling
$1.4 million from Serbia within the specified reporting timeframe,
reflecting a year-over-year escalation of $1.1 million, equivalent
to a 50.3 percent uptick.
The volume of foreign trade turnover of Azerbaijan amounted to
$8.9 billion in the period from January through February of the
current year, which is $1.7 billion, or 23.2 percent, more than in
the same period last year.
In the reporting period, $4.8 billion of the trade turnover
falls on the share of exports and $4.1 billion on the share of
imports, which is $13 million, or 0.3 percent less, and $1.7
billion, or 69.2 percent more, respectively, in annual terms.
During the designated reporting interval, the foreign trade
surplus registered at $628 million, reflecting a decrement of $1.7
billion, equating to a contraction of 3.7 times relative to the
preceding fiscal year.