At the local market sold 12.42 % of the mobile devices of unknown origin
The share of mobile devices of unknown origin in Azerbaijan exceeds eighth of ( 12.42 %) with a tendency to increase. The reason for this is a huge number of outstanding vendors in the weak inspection by the customs.
According to the Centre for Statistics Global Stats, the leader with 36.8 % of sales is products of the Finnish mobile phone maker Nokia. Moreover, its share for 3 quarters of this year fell by more than 21.8 %. An even greater decline (36 %) is observed in the level of sales compared to October 1 last year. At the same time, compared with August, in September Nokia's market share increased by about 4.4%.
In second place with a 29.95 % share of sales come Samsung products at a 2.5% lower rate in September. The paradox is that, compared with January , in September, the market share of Samsung in Azerbaijan grew by 35.52%, as compared to October 1 last year, an increase of 82%.
In third place with a decrease in volume in September compared with August by 5.57 % was the share market of mobile devices from Apple. Since the beginning of the year the share of production of this giant rose by 24 %. It owns 12.72 % of the market of mobile phones in Azerbaijan, which is 22 % more than the same period last year.
In fourth place with a market share of 12.42% settled unknown manufacturers of mobile devices (mainly Chinese). This is followed by the devices from Blackberry - 2.2%, Sony - 2.11%, HTC - 1.95%, LG - 0.71%, Huawei - 0.69% and Google - 0.25%. - 17D-
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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