CESD concerned over Azeri export’s reliance on oil revenues

CESD concerned over Azeri export’s reliance on oil revenues

Oil, oil products constitute over 91% of Azerbaijan’s export

Oil and oil products constituted 91.34% of Azerbaijan’s export by results of January-May, according to CESD sources.  The country’s trade turnover made up $ 14, 1 billion in indicated period.. The surplus was $ 7,1 billion. In the reporting period, crude oil made up 85.91% of export and oil products constituted 5.43%.

The share of state sector in export operations reached $10.1 billion, private sector only– $439.869 million, and individuals – $33.02 million. The state sector share in import operations made up $1.257 billion, private sector $2.066 billion and individuals $166.417 million. Azerbaijan exported $10.1 billion and imported $3.489 billion over Jan-May 2011

 

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