OREANDA-NEWS. October 12, 2011. The Azerbaijani government is planning foreign trade turnover at the level of USD 36.3 bn for 2012 on the payment balance methodology.

The Ministry of Finance reports that the Draft Concept of Socio-Economic Development of Azerbaijan for 2012 and for the period until 2015 inclusively suggests that in 2012 Azerbaijani exports will total USD 26.6 bn, and oil and petroleum products will provide 92.4% of it. Import will increase up to USD 9.7 bn.

As a result, Azerbaijan’s trade surplus in 2012 is expected to reach USD 16.5 bn.