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Home Breaking News

Azerbaijan’s customs duties reach 12.3% of import

byMonitoring Report
17/08/2013
in Breaking News, International Customs, Latest News
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BAKU: In Jan–July 2013, the country’s foreign trade turnover totaled $20bn (+3.42% versus Jan-July 2012) against $33.56bn in 2012, $36.326bn in 2011, $27.9bn in 2010, $20.818bn in 2009, and $54.9bn in 2008. In 2012 it fell by 7.61% against rise of 29.92% in 2011. The best indicator in 2011 was registered in April ($3.38bn) and in 2012 – in April as well ($3.439bn). In 2013 the best index was recorded in May ($3.16bn).

The State Customs Committee (SCC) informs that for Jan-July 2013 Azerbaijan exported commodities of 1677 names for $13.86bn (-1.55% versus Jan-July 2012). The February’s export ($2.26bn) is still the best for the current year. In 2012 export totaled $23.907bn versus $26.57bn in 2011, $21.3bn in 2010, $14.698bn in 2009, and $ 47.756bn in 2008.

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For Jan-July 2013, the country imported goods of 5,387 names for $6.181bn (+16.63%) against $9.65bn in 2012 (-1.06%). This year’s best import was made in May ($1.212bn). In 2011 the figure reached $9.755bn versus $6.599bn in 2010, $ 6.119bn in 2009 and $ 7.16bn in 2008.

Positive balance on import and export operations for Jan-July 2013 amounted to $7.682bn versus $16.918bn for 2012. In 2011 it was $ 16.814bn against $14.725bn in 2010, $ 8.578bn in 2009 and $40.59bn in 2008. In 2011 the best index was recorded in May ($ 1.8bn) and in 2012 in December ($3.268bn). In 2013 the best indicator is still recorded in February ($1.455bn).

“For Jan-July 2013 customs fees totaled $764.015 million, including $157.982 million of custom duties, $550.761 million of VAT, $45.232 million of excise duties and $10.039 million of road taxes,” it was reported. As a result, overall customs fees for Jan-July 2013 made up 12.36% of import versus 12.52% in 2012 and 11.7% in 2011.

Over Jan-July 2013 Azerbaijan residents and non-residents conducted trade operations with 141 countries of the world versus 155 in 2012 and 149 in 2011. In Jan-July 2013 foreign trade operations involved totally 5,237 legal entities and individuals, including 3,219 legal entities (241 participants from state sector and 2,978 companies from private sector) and 2,018 individuals.

Tags: International Customs

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