Azerbaijan exported $413.1 million worth of goods to India in January-September, nearly seven times more than a year earlier, according to the State Customs Committee. Imports from India fell slightly over the same period.
Azerbaijan’s exports to India jumped sharply in the first nine months of the year, reaching $413.1 million, the State Customs Committee said. That marks an increase of $353.9 million compared with the same period last year, or roughly a sevenfold rise.
At the same time, imports from India into Azerbaijan totaled $165.4 million in January-September, down $2.6 million, or 1.5%, from a year earlier.
As a result, the trade balance between the two countries shifted significantly in Azerbaijan’s favor. Exports to India accounted for 1.73% of the country’s total foreign sales, while imports from India made up 1.24% of overall imports.
Overall foreign trade figures
According to the committee, Azerbaijan exported a total of $23.86 billion worth of goods to world markets during the nine-month period. The total value of imports into the country rose to $13.35 billion.
