Imports in Azerbaijan
Azerbaijan - ImportsThe economy seemed to contract sharply in the second quarter after annual GDP growth halved to 1.1% in the first quarter. Economic activity shrank 1.7% year-on-year in January–May period, as lockdown measures implemented to contain Covid-19 dented retail spending, while investment activity plunged amid the uncertain economic backdrop. In the external arena, the picture was similarly bleak in the quarter as depressed global oil prices and capped domestic production hit exports in April–May. A rebound in oil prices in June offered some relief for the all-important energy sector at the end Q2, although the panorama remains grim at the outset of the third quarter. In mid-June, the government extended lockdown measures across most of the country until 1 August, with many non-essential businesses set to shut again after being reopened in May.
Azerbaijan - Imports Data
|Imports (USD billion)||9.8||9.0||9.0||11.0||11.3|
5 years of economic forecasts for more than 30 economic indicators.
Source: National Bank of Azerbaijan
|Exchange Rate||1.70||-0.66 %||Jan 01|
|Stock Market||0.1||0.0 %||Jan 07|
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