Foreign trade surplus reaches $1 bn for January

12:34 - 12.03.2025


March 12, Fineko/abc.az. In recent months, there has been a general stability of external factors affecting inflation, ABC.AZ informs, referring to Central Bank's report.

According to the International Monetary Fund, in February 2025, annual growth of the commodity price index was 8.5%.

The weighted average annual inflation of trading partners in January 2025 was 10.7% against January 2024.

The nominal effective exchange rate of the manat in the non-oil & gas sector decreased by 1.5% in the first 2 months of 2025 after strengthening by 9% in 2024.

The indicators of the foreign sector also remain favorable. In 2024, the current account surplus amounted to $4.7 bn , or 6.3% of GDP.

According to the State Customs Committee, in January 2025, positive balance of $1 bn was recorded in the foreign trade balance, which is 40.5% more versus January 2024.

According to recent estimates, the current account forecast for the end of 2025 is likely to improve compared to the forecast for 2024 and earlier.