Issue 77: External Trade - I-II Quarters, 2016
Aug, 2016

In the first half of 2016, compared to the corresponding period of the previous year:

   •   The volume of exports reduced (-5.7%) overall with the declines especially steep in the export of Ferro-alloys (-32.6%), motor cars (-24.5%) and medicaments (-24.4%).

   •   If we discount the medicaments for hepatitis C, the volume of imports also decreased (-10.6%) overall with significant declines in the import of petroleum oil (-20.2%), petroleum gases (-28.6%) and motor cars (-15.3%).

   •   Turkey became a major export partner country, while exports to Azerbaijan reduced significantly.