Azerbaijani-Russian trade turnover fell 17.3 percent last year to $2.34 billion, Azerbaijan’s State Customs Committee said on Monday, Jan 21, according to RIA Novosti.

Azerbaijan’s exports to Russia dropped 19.2 percent (to $959,838,000), and its imports were down 16 percent ($1.38 billion). Azerbaijan’s negative trade balance was over $418 million in 2012, compared to $453.2 million in 2011. Russia accounted for 4.1 percent of Azerbaijan’s total export and 14.28 percent of its import in 2012.