Azerbaijan's trade within CIS exceeds 1.9 billion USD

The trade turnover between Azerbaijan and other members of the Commonwealth of Independent States (CIS) amounted to more than 1.9 billion U.S. dollars during the first seven months of this year, customs authorities said Friday. During the period, the country exported 617.7 million dollars of goods to other CIS countries and imported 1,301 million dollars, resulting in a negative balance of some 683 million dollars, according to a report released by the State Customs Committee. In 2011, Azerbaijan's foreign trade turnover with its CIS counterparts totalled 5.498 billion U.S. dollars, with exports and imports respectively at 2.925 billion dollars and 2.573 billion dollars. Oil products accounted for some 60 percent of Azerbaijan's exports to other CIS countries.