Azerbaijan recorded a foreign trade surplus of USD 5.24 bln in the first four months of 2023, a decrease from USD 8.74 bln in the same period last year. While exports fell, imports increased, with Italy, Turkey, Russia, and China as Azerbaijan’s top trade partners. Meanwhile, Azerbaijan’s inflation rate rose 11.5% YoY in May, with consumer prices registering a 13.1% YoY increase in the first five months of 2023.