Azerbaijan has trade relations with 120 countries

Azerbaijan has established trade relations with over 120 world countries to date. Whereas the volume of foreign trade turnover made up $5.2 billion in 2003, the figure is expected to increase 18% to make up $6.2 billion this year. Exports are due to rise 20% and imports 17%.

The country’s currency reserves have increased to exceed $1.6 billion, of which $800 million is held by the State Oil Fund.

By the year-end the level of construction operations is expected to rise 43%, that of transport services 10%, and communications services 18%. Over a year, the number of tourism companies operating in the country doubled to make up 110.