Azerbaijan's tourism services balance shows $76M deficit

In the first quarter of this year, the turnover of mutual tourism services in Azerbaijan increased 2.9 times to $318 million, Report informs referring to the Central Bank of Azerbaijan.

During the reporting period, imports of tourism services ($196.8 million) exceeded exports ($121.3 million), resulting in a deficit of $75.5 million. During this period, the number of Azerbaijani citizens traveling abroad increased 2.7 times, and the number of foreigners visiting Azerbaijan increased 2.1 times.

The volume of tourism services provided by foreign countries to Azerbaijani residents amounted to $196.8 million, of which 82.9% were linked to personal visits of Azerbaijani citizens (excluding funds for shuttle imports).