Azerbaijan bought 12 tons of gold from Australia – Import increased 103 times

For the first nine months of this year, the trade turnover between Azerbaijan and Australia amounted to 910 million 783 thousand dollars.
Yeniavaz.com reports with reference to published official data, Australia's share in the total trade turnover of Azerbaijan amounted to 2.64%.
For information, it should be noted that the trade turnover with the United States increased 96 times compared to the same period last year. Thus, for the first nine months of last year, the trade turnover between Azerbaijan and the United States amounted to 9 million 517.43 thousand dollars.
It should be noted that, compared to the same period last year, for the first nine months of this year, exports from Azerbaijan to Australia decreased from 722.2 million dollars to 105 million dollars, and Azerbaijan's imports from Australia increased 103 times and grew from 8.8 million dollars to 910.7 million dollars.
It should also be noted that the reason for the sharp increase in imports from Australia was the import of a large amount of gold from this country to Azerbaijan. In the first eight months of this year, 11,854 kilograms of gold worth a total of $906.1 million were brought from Australia to Azerbaijan.
It should be noted that the State Oil Fund announced that it purchased more than 25 thousand tons of gold this year.

Elnur Ali