FDI up 9.4% y/y
FDI was up 9.4% y/y to US$ 389.2mn in 2Q18, according to GeoStat’s preliminary figures. A 45.9% of FDI inflows was reinvestments. The energy sector was the largest FDI recipient at US$ 108.8mn (+651.5% y/y, 28.0% of total), followed by transport and communication sector at US$ 77.0mn (-33.3% y/y, 19.8% of total), financial sector at US$ 64.0mn (+3,171.7% y/y, 16.5% of total) and real estate at US$ 34.3mn (-23.7% y/y, 8.8% of total). Azerbaijan topped the list of investors with US$ 80.5mn (-34.4% y/y), followed by Czech Republic at US$ 77.9mn (+231.5% y/y) and Netherlands at US$ 65.3mn (+30.2% y/y).
Exports up 16.6% y/y in August 2018
In August 2018, exports increased 16.6% y/y to US$ 275.6mn, imports grew by 8.3% y/y to US$ 762.1mn and the trade deficit widened 4.1% y/y to US$ 486.5mn, according to GeoStat’s preliminary figures. In 8M18, trade deficit was up 17.9% to US$ 3.8bn as exports increased by 27.1% y/y to US$ 2.1bn and imports were up 21.0% y/y to US$ 6.0bn. Detailed foreign trade statistics will be available on September 19, 2018.
