Nakhchivan records $8.8M in foreign trade in January

In January, the Nakhchivan Autonomous Republic of Azerbaijan conducted foreign trade operations worth $8.8 million, 19.1 percent lower compared to the same period last year, the State Statistical Committee of Nakhchivan told Report.

Of the total trade turnover, exports accounted for $1.2 million, while imports reached $7.6 million. Over the past year, exports rose 3.1 times, and imports increased by 8.4 percent.

As a result, Nakhchivan recorded a negative trade balance of $6.4 million, which is 3 percent lower than in the previous year.