Azerbaijan’s positive balance on foreign trade sharply declines

In January-February 2023, Azerbaijan conducted trade transactions with foreign countries worth $7,171 million, 9.7% less than a year ago, Report informs, citing the State Customs Committee.

Over the year, exports decreased by 24.3% to $4,520 million, while imports grew by 34.4% to $2,651 million.

Consequently, a positive balance of $1.869 billion, 2.1 times less than a year ago, was formed in foreign trade.