Azerbaijan, Kazakhstan - leaders in foreign trade balance in Organization of Turkic States

In 2022, Azerbaijan and Kazakhstan became leaders among the member countries of the Organization of Turkic States (OTS) in terms of a positive balance of foreign trade turnover, according to the IV edition of the Turkic Economic Review prepared by the Center for Analysis of Economic Reforms and Communications (CAERC), Report informs.

The document says that last year the value of exports exceeded the value of imports in Azerbaijan by $27.132 billion, and in Kazakhstan by $34.350 billion.

In addition, according to the review, over the year, the Turkish economy grew by 5.6%, economy of Azerbaijan and Hungary grew by 4.6%, Turkmenistan by 6.2%, Uzbekistan by 5.7%, Kyrgyzstan by 7% and Kazakhstan by 3.2%.

The best indicator for the growth of state budget revenues was recorded in Türkiye. The budget revenues of this country almost doubled and amounted to $147.122 billion.