BAKU, January 21 (RIA Novosti) - Azerbaijani-Russian trade turnover fell 17.3 percent last year to $2.34 billion, Azerbaijan’s State Customs Committee said on Monday.
Azerbaijan’s exports to Russia dropped 19.2 percent (to $959,838,000), and its imports were down 16 percent ($1.38 billion).
Azerbaijan’s negative trade balance was over $418 million in 2012, compared to $453.2 million in 2011.
Russia accounted for 4.1 percent of Azerbaijan’s total export and 14.28 percent of its import in 2012.
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The current contract portfolio of Russian arms exporters is worth about $46 billion. Annual exports total $15 billion, and this will ensure uninterrupted deliveries for the next three years, even in the worst-case scenario. The list of the main buyers of Russian weapons is unlikely to change drastically.