Azerbaijani media reports that according to the State Customs Committee of Azerbaijan, in January-July 2012, the trade turnover between Azerbaijan and Russia amounted to $ 1,208 billion.
As reported, within seven months, export to Russia was in the amount of $ 455,498m, representing 3.23% of Azerbaijan’s export, and imports settled at $753,39m, representing 14.22% of total imports of Azerbaijan.
The exports from Azerbaijan compared to the same period in 2011 decreased by 40.15%, while imports also fell by 22.03%. In 2011, the trade turnover between Azerbaijan and Russia amounted to $ 2,828bn or $ 910m more compared to 2010.