Azerbaijan’s trade surplus rises over 93% in Q1 despite lower turnover

Azerbaijan’s foreign trade turnover totalled $9.407 billion in January–March, down 21.9% year on year, according to the State Customs Committee of Azerbaijan.

Exports fell 15.4% to $5.402 billion, while imports declined 29.3% to $4.005 billion.

As a result, the trade surplus reached $1.398 billion, up 93.4% compared with the same period last year.